NVIDIA (NASDAQ:NVDA) Trading Up 2.9%

NVIDIA Co. (NASDAQ:NVDA) was up 2.9% on Monday . The stock traded as high as $916.88 and last traded at $914.06. Approximately 17,420,299 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 51,157,176 shares. The stock had previously closed at $887.89.

Analyst Upgrades and Downgrades

Several research firms recently commented on NVDA. Susquehanna restated a “positive” rating and issued a $1,050.00 price target on shares of NVIDIA in a report on Thursday, April 4th. DA Davidson increased their price target on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Rosenblatt Securities restated a “buy” rating and set a $1,100.00 price objective on shares of NVIDIA in a research note on Tuesday, February 20th. Argus raised their target price on NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Finally, Bank of America upped their price target on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $941.55.

NVIDIA Price Performance

The company has a market cap of $2.30 trillion, a P/E ratio of 76.55, a PEG ratio of 1.27 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The company has a fifty day simple moving average of $867.38 and a 200-day simple moving average of $652.35.

NVIDIA (NASDAQ:NVDA) last issued its quarterly 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. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. On average, sell-side analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

The firm 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 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Insider Buying and Selling at NVIDIA

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in NVIDIA by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 204,507,576 shares of the computer hardware maker’s stock worth $101,276,242,000 after purchasing an additional 827,377 shares during the period. Norges Bank bought a new stake in shares of NVIDIA during the fourth quarter worth approximately $14,606,369,000. Northern Trust Corp lifted its holdings in NVIDIA by 3.6% in the third quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock valued at $11,445,211,000 after buying an additional 910,009 shares during the period. International Assets Investment Management LLC boosted its stake in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in NVIDIA by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,586,595 shares of the computer hardware maker’s stock worth $6,728,354,000 after acquiring an additional 388,851 shares during the period. 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.