NVIDIA (NASDAQ:NVDA) Trading Up 1.2%

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Benchmark reiterated a "buy" rating and set a $1,000.00 price target on shares of NVIDIA in a research report on Wednesday, March 20th. Citigroup boosted their target price on NVIDIA from $820.00 to $1,030.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. Craig Hallum upped their price target on NVIDIA from $700.00 to $850.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Mizuho upped their price target on NVIDIA from $850.00 to $1,000.00 and gave the company a "buy" rating in a research report on Thursday, March 7th. Finally, Bank of America boosted their target price on NVIDIA from $925.00 to $1,100.00 and gave the company a "buy" rating in a research note on Wednesday, March 13th. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $926.30.

NVIDIA Stock Down 2.5 %

The stock has a 50-day moving average of $830.93 and a 200-day moving average of $610.79. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The firm has a market cap of $2.15 trillion, a price-to-earnings ratio of 72.03, a P/E/G ratio of 1.27 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion during 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%. NVIDIA's revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. Sell-side analysts predict that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 10,000 shares of the company's stock in a transaction dated 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 directly 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 SEC, which is accessible through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was 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 in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,278 shares of company stock worth $52,689,898. Corporate insiders own 3.99% of the company's stock.

Institutional Trading of NVIDIA

Several institutional investors and hedge funds have recently modified their holdings of the company. DGS Capital Management LLC raised its position in shares of NVIDIA by 32.7% during the 1st quarter. DGS Capital Management LLC now owns 7,572 shares of the computer hardware maker's stock valued at $6,842,000 after purchasing an additional 1,864 shares during the period. Revolve Wealth Partners LLC grew its stake in NVIDIA by 10.2% during the first quarter. Revolve Wealth Partners LLC now owns 7,750 shares of the computer hardware maker's stock valued at $7,003,000 after acquiring an additional 720 shares in the last quarter. RFG Holdings Inc. grew its stake in NVIDIA by 28.4% during the first quarter. RFG Holdings Inc. now owns 1,392 shares of the computer hardware maker's stock valued at $1,258,000 after acquiring an additional 308 shares in the last quarter. Aspiriant LLC grew its stake in NVIDIA by 11.8% during the first quarter. Aspiriant LLC now owns 2,534 shares of the computer hardware maker's stock valued at $2,290,000 after acquiring an additional 267 shares in the last quarter. Finally, Bowman & Co S.C. purchased a new position in NVIDIA during the first quarter valued at $284,000. 65.27% of the stock is currently owned by 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.