NVIDIA (NASDAQ:NVDA) Trading Up 2.1%

NVIDIA Co. (NASDAQ:NVDA)’s share price rose 2.1% on Thursday . The stock traded as high as $824.15 and last traded at $813.80. Approximately 17,499,316 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 51,784,707 shares. The stock had previously closed at $796.77.

Analyst Ratings Changes

NVDA has been the topic of several research analyst reports. Craig Hallum increased their price target on shares of NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Truist Financial increased their price target on shares of NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a report on Monday, March 18th. Deutsche Bank Aktiengesellschaft increased their price target on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. Piper Sandler Companies increased their price target on shares of NVIDIA to $850.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Finally, Loop Capital assumed coverage on shares of NVIDIA in a report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price target on the stock. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $940.30.

NVIDIA Trading Up 6.2 %

The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 73.48, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The business’s fifty day moving average price is $854.40 and its 200 day moving average price is $635.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter last year, the firm earned $0.65 earnings per share. NVIDIA’s quarterly revenue was up 265.3% on a year-over-year basis. Research analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 10,000 shares of NVIDIA 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 completion of the transaction, the director now owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock valued at $52,689,898 over the last quarter. Insiders own 3.99% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LFA Lugano Financial Advisors SA bought a new stake in shares of NVIDIA during the fourth quarter worth about $28,000. Criterion Capital Advisors LLC bought a new stake in shares of NVIDIA during the fourth quarter worth about $28,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA during the third quarter worth about $30,000. Able Wealth Management LLC bought a new stake in shares of NVIDIA during the fourth quarter worth about $32,000. Finally, Trivant Custom Portfolio Group LLC increased its position in shares of NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares in the last quarter. 65.27% of the stock is 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.