NVIDIA (NASDAQ:NVDA) Shares Down 3.2% – Time to Sell?

NVIDIA Corporation (NASDAQ:NVDA) shares traded down 3.2% on Thursday . The company traded as low as $179.85 and last traded at $180.64. 336,454,720 shares traded hands during trading, an increase of 49% from the average session volume of 225,692,703 shares. The stock had previously closed at $186.52.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price target on NVIDIA from $215.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday. Arete boosted their price target on NVIDIA from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Citic Securities upped their price target on shares of NVIDIA from $237.00 to $242.00 and gave the company a “buy” rating in a research report on Thursday. Sanford C. Bernstein raised their price objective on shares of NVIDIA from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Daiwa Capital Markets boosted their target price on shares of NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Four investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $256.21.

NVIDIA Stock Performance

The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company has a market cap of $4.40 trillion, a P/E ratio of 51.56, a PEG ratio of 1.49 and a beta of 2.11. The business’s 50 day simple moving average is $186.37 and its 200 day simple moving average is $167.48.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. During the same period in the prior year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. Sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s payout ratio is presently 1.14%.

Insider Activity

In related news, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the sale, the chief executive officer owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. This trade represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the completion of the transaction, the chief financial officer owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. The trade was a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,251,577 shares of company stock valued at $583,143,187 in the last quarter. 4.17% of the stock is currently owned by company insiders.

Institutional Trading of NVIDIA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after buying an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after buying an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE grew its holdings in NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after buying an additional 3,653 shares in the last quarter. Hudson Value Partners LLC increased its stake in NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after acquiring an additional 11,900 shares during the last quarter. Finally, Wealth Group Ltd. raised its holdings in shares of NVIDIA by 15.7% during the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock worth $715,000 after acquiring an additional 896 shares in the last quarter. 65.27% of the stock is currently owned by 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.