NVIDIA (NASDAQ:NVDA) Trading Up 0.6%

NVIDIA Co. (NASDAQ:NVDA) was up 0.6% during trading on Wednesday . The company traded as high as $840.82 and last traded at $829.49. Approximately 14,187,037 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 51,769,273 shares. The stock had previously closed at $824.23.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NVDA shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a research report on Monday, March 4th. Morgan Stanley increased their target price on shares of NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Truist Financial increased their target price on shares of NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a research report on Monday, March 18th. UBS Group increased their target price on shares of NVIDIA from $800.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Finally, CICC Research initiated coverage on shares of NVIDIA in a report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Trading Down 3.3 %

The company’s fifty day moving average is $848.22 and its two-hundred day moving average is $629.87. The stock has a market cap of $1.99 trillion, a price-to-earnings ratio of 69.47, a PEG ratio of 1.14 and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue was up 265.3% compared to the same quarter last year. On average, research analysts predict that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s payout ratio is currently 1.34%.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NVIDIA

Institutional investors have recently modified their holdings of the business. LFA Lugano Financial Advisors SA purchased a new position in NVIDIA in the 4th quarter valued at $28,000. Criterion Capital Advisors LLC purchased a new position in NVIDIA in the 4th quarter valued at $28,000. Peoples Financial Services CORP. purchased a new position in NVIDIA in the 3rd quarter valued at $30,000. Your Advocates Ltd. LLP purchased a new stake in shares of NVIDIA during the 3rd quarter worth $30,000. Finally, Able Wealth Management LLC purchased a new stake in shares of NVIDIA during the 4th quarter worth $32,000. 65.27% of the stock is owned by institutional investors and hedge funds.

About NVIDIA

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.