NVIDIA (NASDAQ:NVDA) Trading 0.6% Higher

NVIDIA Co. (NASDAQ:NVDA) shares rose 0.6% during mid-day trading on Wednesday . The stock traded as high as $840.82 and last traded at $829.49. Approximately 14,187,037 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 51,769,273 shares. The stock had previously closed at $824.23.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent analyst reports. Wolfe Research boosted their price target on NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Argus boosted their price target on NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. JPMorgan Chase & Co. boosted their price target on NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Loop Capital began coverage on NVIDIA in a research report on Friday, February 16th. They set a “buy” rating and a $1,200.00 target price on the stock. Finally, Susquehanna reaffirmed a “positive” rating and set a $1,050.00 target price on shares of NVIDIA in a research report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $940.30.

NVIDIA Price Performance

The business has a fifty day moving average of $851.37 and a 200-day moving average of $632.39. The firm has a market cap of $2.07 trillion, a PE ratio of 69.21, a PEG ratio of 1.14 and a beta of 1.73. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last released its quarterly 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. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter last year, the firm posted $0.65 EPS. The company’s revenue was up 265.3% compared to the same quarter last year. As a group, research analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,278 shares of company stock valued at $52,689,898. Corporate insiders own 3.99% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of large investors have recently made changes to their positions in the business. Brooklyn FI LLC grew its position in shares of NVIDIA by 2.5% in the 1st quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker’s stock worth $442,000 after buying an additional 12 shares during the last quarter. M. Kraus & Co grew its position in shares of NVIDIA by 2.0% in the 1st quarter. M. Kraus & Co now owns 657 shares of the computer hardware maker’s stock worth $594,000 after buying an additional 13 shares during the last quarter. Sterling Financial Group Inc. grew its position in shares of NVIDIA by 0.9% in the 1st quarter. Sterling Financial Group Inc. now owns 1,452 shares of the computer hardware maker’s stock worth $1,312,000 after buying an additional 13 shares during the last quarter. VanderPol Investments L.L.C. grew its position in shares of NVIDIA by 3.1% in the 1st quarter. VanderPol Investments L.L.C. now owns 465 shares of the computer hardware maker’s stock worth $420,000 after buying an additional 14 shares during the last quarter. Finally, WFA Asset Management Corp boosted its position in shares of NVIDIA by 10.1% during the first quarter. WFA Asset Management Corp now owns 153 shares of the computer hardware maker’s stock valued at $138,000 after purchasing an additional 14 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.