NVIDIA (NASDAQ:NVDA) Trading Up 0.4%

NVIDIA Co. (NASDAQ:NVDA)’s share price shot up 0.4% on Thursday . The company traded as high as $913.00 and last traded at $906.12. 17,734,293 shares were traded during trading, a decline of 67% from the average session volume of 53,518,340 shares. The stock had previously closed at $902.50.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $900.00 price target on shares of NVIDIA in a research report on Monday, March 4th. TD Cowen upped their price target on NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Mizuho upped their target price on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Needham & Company LLC upped their target price on NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Citigroup upped their target price on NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $908.68.

NVIDIA Stock Performance

The firm’s 50-day moving average price is $765.80 and its two-hundred day moving average price is $571.71. The firm has a market capitalization of $2.26 trillion, a PE ratio of 75.71, a P/E/G ratio of 1.33 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 announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $20.40 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue was up 265.3% on a year-over-year basis. As a group, research analysts predict that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio is 1.34%.

Insiders Place Their Bets

In other news, Director John Dabiri sold 128 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director John Dabiri sold 128 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the transaction, the director now directly owns 2,055 shares in the company, valued at approximately $1,931,700. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $484.62, for a total transaction of $218,079.00. Following the transaction, the insider now owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The disclosure for this sale can be found here. Insiders sold 105,352 shares of company stock valued at $64,853,077 over the last ninety days. Corporate insiders own 3.99% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds have recently added to or reduced their stakes in the stock. Studio Investment Management LLC acquired a new position in NVIDIA during the 4th quarter valued at about $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Criterion Capital Advisors LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $28,000. Able Wealth Management LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $32,000. Finally, Peoples Financial Services CORP. acquired a new stake in NVIDIA during the 3rd quarter worth approximately $30,000. Institutional investors own 65.27% of the company’s stock.

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.