NVIDIA (NASDAQ:NVDA) Trading Down 1.9% – Should You Sell?

NVIDIA Corporation (NASDAQ:NVDA) shares dropped 1.9% during trading on Monday . The stock traded as low as $184.32 and last traded at $186.60. Approximately 170,416,176 shares changed hands during trading, a decline of 24% from the average daily volume of 225,131,203 shares. The stock had previously closed at $190.17.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NVDA. Melius Research set a $300.00 price objective on NVIDIA in a research report on Wednesday, October 29th. Wall Street Zen raised NVIDIA from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Jefferies Financial Group upped their price objective on NVIDIA from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. KeyCorp reissued an “overweight” rating and issued a $250.00 target price on shares of NVIDIA in a report on Friday, November 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 price target on shares of NVIDIA in a research note on Wednesday, October 29th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $240.49.

NVIDIA Trading Up 2.8%

The company’s 50 day moving average price is $186.18 and its two-hundred day moving average price is $167.35. The firm has a market cap of $4.53 trillion, a PE ratio of 53.14, a P/E/G ratio of 1.49 and a beta of 2.11. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same period in the previous year, the company earned $0.68 EPS. The firm’s revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio is presently 1.14%.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the transaction, the chief executive officer owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,251,577 shares of company stock worth $583,143,187 in the last quarter. 4.17% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVIDIA

Institutional investors have recently modified their holdings of the stock. Harbor Asset Planning Inc. purchased a new position in shares of NVIDIA during the second quarter valued at $28,000. Winnow Wealth LLC bought a new stake in shares of NVIDIA in the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC increased its holdings in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares during the period. Spurstone Advisory Services LLC bought a new stake in NVIDIA during the 2nd quarter valued at $40,000. Finally, Kathleen S. Wright Associates Inc. increased its holdings in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares during the period. 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.