NVIDIA (NASDAQ:NVDA) Stock Price Up 0.6%

NVIDIA Co. (NASDAQ:NVDA - Get Free Report)'s stock price was up 0.6% on Wednesday . The stock traded as high as $840.82 and last traded at $829.49. Approximately 14,187,037 shares changed hands during trading, a decline of 73% from the average daily volume of 51,769,273 shares. The stock had previously closed at $824.23.

Analysts Set New Price Targets

Several analysts recently weighed in on NVDA shares. Morgan Stanley lifted their price target on NVIDIA from $795.00 to $1,000.00 and gave the stock an "overweight" rating in a report on Wednesday, April 10th. Stifel Nicolaus reissued a "buy" rating and set a $910.00 price target on shares of NVIDIA in a report on Wednesday, March 20th. Tigress Financial raised their price objective on NVIDIA from $790.00 to $985.00 and gave the stock a "buy" rating in a research note on Thursday, February 29th. The Goldman Sachs Group raised their price objective on NVIDIA from $875.00 to $1,000.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Finally, Truist Financial raised their price objective on NVIDIA from $911.00 to $1,177.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. Four equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $940.30.

NVIDIA Price Performance

The stock has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 66.73, a P/E/G ratio of 1.14 and a beta of 1.73. The company has a fifty day simple moving average of $849.38 and a 200 day simple moving average of $631.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 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 in the prior year, the company earned $0.65 EPS. The firm's revenue for the quarter was up 265.3% compared to the same quarter last year. Equities research analysts forecast that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given 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 payout ratio is 1.34%.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 10,000 shares of the company's stock in a transaction dated 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 SEC, which can be accessed through the SEC website. In related news, Director Mark A. Stevens sold 5,000 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares of the company's stock, valued at approximately $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 10,000 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock worth $52,689,898 in the last 90 days. Corporate insiders own 3.99% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NVDA. Moody Lynn & Lieberson LLC raised its stake in shares of NVIDIA by 7.2% in the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker's stock worth $38,737,000 after purchasing an additional 5,998 shares during the last quarter. TrueMark Investments LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $2,639,000. McLean Asset Management Corp raised its stake in shares of NVIDIA by 11.7% in the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker's stock worth $871,000 after purchasing an additional 186 shares during the last quarter. Cornercap Investment Counsel Inc. raised its stake in shares of NVIDIA by 5.7% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker's stock worth $1,931,000 after purchasing an additional 209 shares during the last quarter. Finally, Shilanski & Associates Inc. raised its stake in shares of NVIDIA by 15.9% in the fourth quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker's stock worth $1,477,000 after purchasing an additional 410 shares during the last quarter. 65.27% of the stock is 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.