NVIDIA (NASDAQ:NVDA) Shares Down 3%

NVIDIA Co. (NASDAQ:NVDA)’s stock price was down 3% on Tuesday . The company traded as low as $125.89 and last traded at $126.15. Approximately 116,928,359 shares traded hands during trading, a decline of 74% from the average daily volume of 447,500,094 shares. The stock had previously closed at $130.00.

Wall Street Analyst Weigh In

Several research analysts recently commented on NVDA shares. Susquehanna raised their price objective on shares of NVIDIA from $120.00 to $145.00 and gave the stock a “positive” rating in a report on Monday, June 10th. Raymond James lifted their target price on NVIDIA from $110.00 to $120.00 and gave the company a “strong-buy” rating in a report on Thursday, May 23rd. Mizuho upped their target price on shares of NVIDIA from $118.00 to $127.50 and gave the stock a “buy” rating in a report on Tuesday, June 4th. KeyCorp raised their price target on shares of NVIDIA from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $110.00 price objective on shares of NVIDIA in a research report on Thursday, May 23rd. Five research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $131.31.

NVIDIA Stock Performance

The company has a quick ratio of 3.14, a current ratio of 3.53 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.14 trillion, a P/E ratio of 73.77, a P/E/G ratio of 1.15 and a beta of 1.68. The business has a fifty day simple moving average of $120.92 and a 200-day simple moving average of $100.09.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.10. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The company had revenue of $26.04 billion during the quarter, compared to analyst estimates of $24.59 billion. During the same period last year, the business earned $0.09 EPS. NVIDIA’s quarterly revenue was up 262.1% compared to the same quarter last year. On average, sell-side analysts predict that NVIDIA Co. will post 2.53 EPS for the current fiscal year.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th were given a $0.10 dividend. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Tuesday, June 11th. NVIDIA’s payout ratio is currently 2.34%.

Insider Activity at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $128.17, for a total value of $576,765.00. Following the sale, the insider now directly owns 503,878 shares of the company’s stock, valued at $64,582,043.26. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $128.17, for a total transaction of $576,765.00. Following the sale, the insider now owns 503,878 shares in the company, valued at $64,582,043.26. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Debora Shoquist sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $115.16, for a total transaction of $17,273,850.00. Following the completion of the transaction, the executive vice president now owns 1,553,630 shares of the company’s stock, valued at $178,914,477.17. The disclosure for this sale can be found here. Insiders sold a total of 4,320,723 shares of company stock valued at $631,994,141 in the last 90 days. Corporate insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Aurora Private Wealth Inc. increased its stake in shares of NVIDIA by 20.4% in the 4th quarter. Aurora Private Wealth Inc. now owns 2,196 shares of the computer hardware maker’s stock worth $1,088,000 after purchasing an additional 372 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in NVIDIA by 9.3% during the fourth quarter. International Assets Investment Management LLC now owns 34,059 shares of the computer hardware maker’s stock valued at $16,867,000 after purchasing an additional 2,893 shares in the last quarter. Tennessee Valley Asset Management Partners boosted its position in shares of NVIDIA by 1.1% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 2,476 shares of the computer hardware maker’s stock worth $1,226,000 after purchasing an additional 27 shares during the period. Simplicity Solutions LLC increased its stake in shares of NVIDIA by 1.5% in the fourth quarter. Simplicity Solutions LLC now owns 70,837 shares of the computer hardware maker’s stock worth $35,080,000 after purchasing an additional 1,072 shares in the last quarter. Finally, Atlas Wealth Partners LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $190,000. Hedge funds and other 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.