NVIDIA (NASDAQ:NVDA) Trading Down 1.7%

NVIDIA Co. (NASDAQ:NVDA) fell 1.7% during trading on Thursday . The stock traded as low as $882.31 and last traded at $888.52. 15,513,306 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 50,696,078 shares. The stock had previously closed at $904.12.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NVDA shares. HSBC raised their target price on shares of NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Susquehanna restated a “positive” rating and issued a $1,050.00 price objective on shares of NVIDIA in a research report on Thursday, April 4th. Piper Sandler lifted their target price on NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. KeyCorp boosted their target price on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, Bank of America raised their target price on shares of NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $944.05.

NVIDIA Stock Down 1.8 %

The firm has a market cap of $2.22 trillion, a PE ratio of 74.33, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75. The business has a 50-day moving average price of $874.91 and a two-hundred day moving average price of $661.05. 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 posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter last year, the company earned $0.65 EPS. NVIDIA’s revenue for the quarter was up 265.3% compared to the same quarter last year. On average, equities research analysts expect that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,278 shares of company stock worth $52,689,898. Corporate insiders own 3.99% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Several large investors have recently modified their holdings of the company. Norges Bank acquired a new stake in NVIDIA during the 4th quarter worth approximately $14,606,369,000. International Assets Investment Management LLC boosted its holdings in shares of NVIDIA by 54,019.5% in the fourth 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 in the last quarter. Global Assets Advisory LLC acquired a new stake in NVIDIA in the first quarter valued at about $4,826,280,000. Vanguard Group Inc. increased its position in NVIDIA by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock worth $88,598,850,000 after purchasing an additional 2,287,471 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of NVIDIA by 44.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,349,610 shares of the computer hardware maker’s stock valued at $3,144,490,000 after buying an additional 1,941,637 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Company Profile

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.