NVIDIA (NASDAQ:NVDA) Trading Up 2.1%

NVIDIA Co. (NASDAQ:NVDA)’s stock price was up 2.1% during mid-day trading on Monday . The stock traded as high as $796.39 and last traded at $778.33. Approximately 26,388,187 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 51,917,855 shares. The stock had previously closed at $762.00.

Analysts Set New Price Targets

Several research analysts recently issued reports on NVDA shares. Sanford C. Bernstein upped their target price on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. DA Davidson upped their price target on shares of NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Needham & Company LLC upped their price target on shares of NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Wedbush restated an “outperform” rating and set a $1,000.00 price target on shares of NVIDIA in a research report on Tuesday, March 19th. Finally, Mizuho upped their price target on shares of NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Four equities research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Stock Performance

The business’s fifty day moving average price is $844.71 and its two-hundred day moving average price is $624.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The stock has a market capitalization of $1.99 trillion, a P/E ratio of 65.19, a P/E/G ratio of 1.09 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS. As a group, sell-side analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director John Dabiri sold 128 shares of the 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 sale, the director now owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock worth $52,689,898 in the last three months. Corporate insiders own 3.99% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Hedge funds and other institutional investors have recently modified their holdings of the business. LFA Lugano Financial Advisors SA purchased a new position in NVIDIA during the fourth quarter worth about $28,000. Criterion Capital Advisors LLC purchased a new position in NVIDIA during the fourth quarter worth about $28,000. Peoples Financial Services CORP. purchased a new position in NVIDIA during the third quarter worth about $30,000. Your Advocates Ltd. LLP purchased a new position in NVIDIA during the third quarter worth about $30,000. Finally, Able Wealth Management LLC purchased a new position in NVIDIA during the fourth quarter worth about $32,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

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.