NVIDIA (NASDAQ:NVDA) Stock Price Up 3.5%

NVIDIA Co. (NASDAQ:NVDA - Get Free Report)'s stock price traded up 3.5% during mid-day trading on Tuesday . The company traded as high as $827.57 and last traded at $822.71. 18,280,460 shares traded hands during trading, a decline of 65% from the average session volume of 51,885,887 shares. The stock had previously closed at $795.18.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. KeyCorp increased their price objective on NVIDIA from $1,100.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Monday, April 8th. Oppenheimer increased their price objective on NVIDIA from $850.00 to $1,100.00 and gave the stock an "outperform" rating in a report on Wednesday, March 20th. DA Davidson raised their price target on NVIDIA from $410.00 to $620.00 and gave the company a "neutral" rating in a research note on Thursday, February 22nd. Bank of America raised their price target on NVIDIA from $925.00 to $1,100.00 and gave the company a "buy" rating in a research note on Wednesday, March 13th. Finally, Piper Sandler Companies raised their price target on NVIDIA to $850.00 and gave the company an "overweight" rating in a research note on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $940.30.

NVIDIA Price Performance

The company has a fifty day simple moving average of $846.17 and a two-hundred day simple moving average of $627.28. 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 stock has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 69.03, a PEG ratio of 1.09 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results 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. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter last year, the company posted $0.65 EPS. The company's revenue for the quarter was up 265.3% compared to the same quarter last year. As a group, equities research analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders 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 annualized dividend and a dividend yield of 0.02%. NVIDIA's payout ratio is 1.34%.

Insider Activity

In related news, Director Mark A. Stevens sold 10,000 shares of the business's stock in a transaction 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 sale, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Mark A. Stevens sold 10,000 shares of the business's stock in a transaction 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 sale, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 450 shares of the business'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 sale, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,278 shares of company stock worth $52,689,898. Insiders own 3.99% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. LFA Lugano Financial Advisors SA acquired a new position in shares of NVIDIA in the 4th quarter valued at about $28,000. Criterion Capital Advisors LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at about $28,000. Peoples Financial Services CORP. acquired a new position in NVIDIA during the 3rd quarter worth approximately $30,000. Your Advocates Ltd. LLP acquired a new position in NVIDIA during the 3rd quarter worth approximately $30,000. Finally, Able Wealth Management LLC acquired a new position in NVIDIA during the 4th quarter worth approximately $32,000. 65.27% of the stock is owned by institutional investors and hedge funds.

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.