NVIDIA (NASDAQ:NVDA) Trading 2.1% Higher

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NVDA. JPMorgan Chase & Co. raised their target price on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. TD Cowen upped their price objective on shares of NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Needham & Company LLC raised their target price on shares of NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Benchmark reissued a “buy” rating and set a $1,000.00 price objective on shares of NVIDIA in a research report on Wednesday, March 20th. Finally, Susquehanna reiterated a “positive” rating and set a $1,050.00 target price on shares of NVIDIA in a research note on Thursday, April 4th. Four investment 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 MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $940.30.

NVIDIA Stock Performance

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 firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 68.16, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The stock’s fifty day moving average is $849.38 and its two-hundred day moving average is $631.03.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company’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 earnings per share. Analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other NVIDIA news, 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 value of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John Dabiri sold 128 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the transaction, the director now owns 2,055 shares in the company, valued at $1,931,700. 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 ninety days. 3.99% of the stock is owned by insiders.

Institutional Trading of NVIDIA

A number of institutional investors and hedge funds have recently made changes to their positions in NVDA. LFA Lugano Financial Advisors SA bought a new position 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 valued at approximately $28,000. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA during the third quarter worth approximately $30,000. Able Wealth Management LLC bought a new position in NVIDIA in the 4th quarter worth approximately $32,000. Finally, Trivant Custom Portfolio Group LLC raised its stake in NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after acquiring an additional 30 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

About NVIDIA

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.