NVIDIA (NASDAQ:NVDA) Trading 0.6% Higher

Shares of NVIDIA Co. (NASDAQ:NVDAGet Free Report) rose 0.6% during trading on Wednesday . The stock traded as high as $903.74 and last traded at $900.01. Approximately 15,037,634 shares were traded during trading, a decline of 72% from the average daily volume of 53,058,184 shares. The stock had previously closed at $894.52.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup lifted their price target on shares of NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Needham & Company LLC lifted their price objective on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. The Goldman Sachs Group lifted their target price on NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Argus boosted their price objective on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Finally, Susquehanna boosted their price objective on NVIDIA from $850.00 to $1,050.00 and gave the company a “positive” rating in a research report on Tuesday, March 19th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $908.68.

Check Out Our Latest Stock Analysis on NVIDIA

NVIDIA Stock Up 0.2 %

The company has a market cap of $2.24 trillion, a PE ratio of 74.96, a P/E/G ratio of 1.30 and a beta of 1.73. The business has a 50-day simple moving average of $790.68 and a 200-day simple moving average of $585.28. 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:NVDAGet Free Report) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. Equities research analysts anticipate that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 35,648 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total transaction of $19,354,368.64. Following the completion of the sale, the director now owns 1,189,083 shares of the company’s stock, valued at $645,588,833.19. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Mark A. Stevens sold 35,648 shares of NVIDIA stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total value of $19,354,368.64. Following the completion of the sale, the director now directly owns 1,189,083 shares of the company’s stock, valued at $645,588,833.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Debora Shoquist sold 5,676 shares of NVIDIA stock in a transaction on Monday, January 8th. The shares were sold at an average price of $500.00, for a total value of $2,838,000.00. Following the completion of the sale, the executive vice president now directly owns 48,360 shares of the company’s stock, valued at $24,180,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,352 shares of company stock valued at $74,815,227. 3.99% of the stock is currently owned by insiders.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Studio Investment Management LLC acquired a new position in NVIDIA in the 4th quarter valued at about $27,000. LFA Lugano Financial Advisors SA acquired a new position in NVIDIA during the 4th quarter worth approximately $28,000. Criterion Capital Advisors LLC acquired a new position in NVIDIA during the 4th quarter worth approximately $28,000. Peoples Financial Services CORP. acquired a new position in NVIDIA during the 3rd quarter worth approximately $30,000. Finally, Your Advocates Ltd. LLP acquired a new position in NVIDIA during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Company Profile

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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.

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