NVIDIA Co. (NASDAQ:NVDA) EVP Debora Shoquist Sells 15,000 Shares of Stock (2024)

Posted by Defense World Staff on Jun 6th, 2024

NVIDIA Co. (NASDAQ:NVDA – Get Free Report) EVP Debora Shoquist sold 15,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $1,151.59, for a total value of $17,273,850.00. Following the transaction, the executive vice president now directly owns 155,363 shares of the company’s stock, valued at approximately $178,914,477.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NVIDIA Stock Up 5.2 %

NASDAQ:NVDA opened at $1,224.40 on Thursday. The firm has a market capitalization of $3.01 trillion, a PE ratio of 71.60, a price-to-earnings-growth ratio of 1.25 and a beta of 1.70. The stock has a 50 day moving average of $928.68 and a 200-day moving average of $741.12. NVIDIA Co. has a 52 week low of $373.56 and a 52 week high of $1,224.49. The company has a current ratio of 3.53, a quick ratio of 3.14 and a debt-to-equity ratio of 0.17.

Shares of NVIDIA are going to split before the market opens on Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly issued shares will be payable to shareholders after the market closes on Monday, June 10th.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 EPS for the quarter, beating the consensus estimate of $5.14 by $0.98. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The company had revenue of $26.04 billion during the quarter, compared to analyst estimates of $24.59 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The business’s revenue was up 262.1% compared to the same quarter last year. Analysts predict that NVIDIA Co. will post 25.32 EPS for the current year.

NVIDIA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.03%. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. The ex-dividend date is Tuesday, June 11th. NVIDIA’s dividend payout ratio is 0.94%.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors have recently added to or reduced their stakes in NVDA. Norges Bank acquired a new stake in NVIDIA in the fourth quarter worth approximately $14,606,369,000. International Assets Investment Management LLC lifted its position in shares of NVIDIA by 54,019.5% during the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock valued at $8,352,811,000 after acquiring an additional 16,835,703 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of NVIDIA by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 213,335,626 shares of the computer hardware maker’s stock valued at $192,761,538,000 after acquiring an additional 8,828,050 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in shares of NVIDIA during the 1st quarter valued at $4,826,280,000. Finally, Swedbank AB acquired a new stake in shares of NVIDIA during the 1st quarter valued at $3,922,733,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Rosenblatt Securities reissued a “buy” rating and set a $1,400.00 price target on shares of NVIDIA in a research report on Monday, May 20th. Loop Capital assumed coverage on NVIDIA in a research report on Friday, February 16th. They set a “buy” rating and a $1,200.00 price target for the company. Truist Financial raised their price target on NVIDIA from $1,177.00 to $1,288.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. KeyCorp lifted their price objective on NVIDIA from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Finally, Wells Fargo & Company lifted their price objective on NVIDIA from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Five research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,130.20.

Check Out Our Latest Stock Report on NVDA

About NVIDIA

(Get Free Report)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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