NVIDIA Co. (NASDAQ:NVDA) EVP Debora Shoquist sold 5,823 shares of NVIDIA stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total value of $1,077,255.00. Following the sale, the executive vice president now directly owns 171,783 shares of the company’s stock, valued at approximately $31,779,855. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
NASDAQ:NVDA opened at $178.09 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.76 and a current ratio of 7.94. NVIDIA Co. has a 52 week low of $124.46 and a 52 week high of $292.76. The firm has a market cap of $108.37 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 4.60 and a beta of 1.90.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.27. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the firm earned $1.72 earnings per share. The firm’s revenue was down 24.3% compared to the same quarter last year. As a group, analysts anticipate that NVIDIA Co. will post 4.46 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. TD Capital Management LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at $27,000. Capital Financial Planning LLC purchased a new position in NVIDIA in the fourth quarter valued at $28,000. Clarfeld Financial Advisors LLC purchased a new position in NVIDIA in the fourth quarter valued at $29,000. Trust Department MB Financial Bank N A purchased a new position in NVIDIA in the fourth quarter valued at $31,000. Finally, Truvestments Capital LLC purchased a new position in NVIDIA in the first quarter valued at $33,000. Institutional investors and hedge funds own 69.79% of the company’s stock.
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NVIDIA Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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