NVIDIA (NASDAQ:NVDA) Shares Up 3.5%

Shares of NVIDIA Co. (NASDAQ:NVDA) rose 3.5% during trading on Tuesday . The stock traded as high as $827.57 and last traded at $822.71. Approximately 18,280,460 shares traded hands during trading, a decline of 65% from the average daily volume of 51,885,887 shares. The stock had previously closed at $795.18.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Evercore ISI assumed coverage on shares of NVIDIA in a report on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 price objective on the stock. Wells Fargo & Company boosted their price target on shares of NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. 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 objective on the stock. Needham & Company LLC boosted their price objective on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Citigroup raised their target price on shares of NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Four 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. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $940.30.

NVIDIA Price Performance

The stock has a market capitalization of $2.04 trillion, a PE ratio of 68.90, a PEG ratio of 1.09 and a beta of 1.73. The company’s 50 day simple moving average is $846.17 and its 200 day simple moving average is $627.28. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same period in the prior year, the firm posted $0.65 earnings per share. The business’s quarterly revenue was up 265.3% compared to the same quarter last year. On average, equities analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In related news, Director John Dabiri sold 128 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director John Dabiri sold 128 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the transaction, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,278 shares of company stock valued at $52,689,898. Corporate insiders own 3.99% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Heartland Bank & Trust Co boosted its position in NVIDIA by 1.6% during the 3rd quarter. Heartland Bank & Trust Co now owns 11,304 shares of the computer hardware maker’s stock worth $4,917,000 after acquiring an additional 176 shares during the period. Moody National Bank Trust Division grew its position in NVIDIA by 6.4% during the third quarter. Moody National Bank Trust Division now owns 50,119 shares of the computer hardware maker’s stock worth $21,801,000 after buying an additional 3,035 shares in the last quarter. Ayrshire Capital Management LLC lifted its holdings in shares of NVIDIA by 6.6% during the 3rd quarter. Ayrshire Capital Management LLC now owns 549 shares of the computer hardware maker’s stock worth $239,000 after acquiring an additional 34 shares during the period. Capital City Trust Co. FL grew its stake in shares of NVIDIA by 162.1% in the 3rd quarter. Capital City Trust Co. FL now owns 3,551 shares of the computer hardware maker’s stock valued at $1,545,000 after purchasing an additional 2,196 shares during the period. Finally, Kohmann Bosshard Financial Services LLC raised its stake in NVIDIA by 3.5% during the third quarter. Kohmann Bosshard Financial Services LLC now owns 1,412 shares of the computer hardware maker’s stock worth $614,000 after acquiring an additional 48 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

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.