NVIDIA (NASDAQ:NVDA) Trading Up 1.2%

NVIDIA Co. (NASDAQ:NVDA) was up 1.2% on Monday . The company traded as high as $906.13 and last traded at $892.21. Approximately 15,054,495 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 51,737,809 shares. The stock had previously closed at $881.86.

Analyst Upgrades and Downgrades

NVDA has been the subject of several research analyst reports. Piper Sandler increased their price objective on NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Cantor Fitzgerald restated an “overweight” rating and issued a $900.00 price objective on shares of NVIDIA in a research note on Monday, March 4th. Sanford C. Bernstein increased their target price on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. CICC Research initiated coverage on NVIDIA in a report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price target on the stock. Finally, Tigress Financial upped their price objective on NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $940.30.

NVIDIA Trading Up 1.6 %

The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $838.10 and a 200-day moving average of $616.90. The stock has a market cap of $2.19 trillion, a PE ratio of 73.21, a price-to-earnings-growth ratio of 1.24 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s revenue was up 265.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 earnings per share. On average, analysts anticipate that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was 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 directly owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 over the last ninety days. 3.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

Institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of NVIDIA during the 4th quarter valued at $14,606,369,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of NVIDIA by 160,446.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock valued at $2,862,392,000 after acquiring an additional 19,574,443 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of NVIDIA by 54,019.5% in the fourth quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after buying an additional 16,835,703 shares during the period. Global Assets Advisory LLC purchased a new position in NVIDIA in the 1st quarter worth approximately $4,826,280,000. Finally, Legal & General Group Plc boosted its stake in shares of NVIDIA by 28.7% in the fourth quarter. Legal & General Group Plc now owns 20,791,626 shares of the computer hardware maker’s stock valued at $10,296,429,000 after purchasing an additional 4,640,088 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

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.