NVIDIA Co. (NASDAQ:NVDA - Get Free Report)'s stock price shot up 1.6% during trading on Thursday . The company traded as high as $856.60 and last traded at $843.43. 14,483,698 shares changed hands during trading, a decline of 72% from the average session volume of 51,401,750 shares. The stock had previously closed at $830.41.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. Needham & Company LLC upped their price objective on NVIDIA from $600.00 to $850.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Rosenblatt Securities reissued a "buy" rating and set a $1,100.00 price objective on shares of NVIDIA in a research note on Tuesday, February 20th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $900.00 price target on shares of NVIDIA in a report on Monday, March 4th. Piper Sandler Companies increased their price target on NVIDIA to $850.00 and gave the stock an "overweight" rating in a research note on Friday, February 16th. Finally, The Goldman Sachs Group lifted their price objective on NVIDIA from $875.00 to $1,000.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Four 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $941.55.
Read Our Latest Research Report on NVDA
NVIDIA Stock Performance
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 stock has a 50-day moving average price of $865.39 and a 200-day moving average price of $646.31. The firm has a market capitalization of $2.15 trillion, a PE ratio of 71.87, a price-to-earnings-growth ratio of 1.24 and a beta of 1.75.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts' consensus estimates of $4.21 by $0.95. The firm 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 quarterly revenue was up 265.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. On average, research analysts expect that NVIDIA Co. will post 22.55 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently disclosed 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 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 (DPR) is 1.34%.
Insiders Place Their Bets
In other news, Director Mark A. Stevens sold 5,000 shares of the company's stock in a transaction dated 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 sale, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Mark A. Stevens sold 5,000 shares of the business'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 value of $4,003,700.00. Following the completion of the sale, the director now directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 12,000 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the transaction, the director now owns 1,107,583 shares in the company, valued at $945,366,393.82. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 in the last ninety days. Corporate insiders own 3.99% of the company's stock.
Institutional Investors Weigh In On NVIDIA
Several institutional investors and hedge funds have recently bought and sold shares of NVDA. Brooklyn FI LLC grew its stake in NVIDIA by 2.5% during the 1st quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker's stock worth $442,000 after buying an additional 12 shares during the last quarter. Curran Financial Partners LLC boosted its holdings in shares of NVIDIA by 1.8% during the first quarter. Curran Financial Partners LLC now owns 691 shares of the computer hardware maker's stock valued at $625,000 after acquiring an additional 12 shares during the period. M. Kraus & Co grew its position in shares of NVIDIA by 2.0% during the first quarter. M. Kraus & Co now owns 657 shares of the computer hardware maker's stock worth $594,000 after acquiring an additional 13 shares during the last quarter. Sterling Financial Group Inc. lifted its position in NVIDIA by 0.9% in the 1st quarter. Sterling Financial Group Inc. now owns 1,452 shares of the computer hardware maker's stock valued at $1,312,000 after purchasing an additional 13 shares during the last quarter. Finally, VanderPol Investments L.L.C. increased its stake in shares of NVIDIA by 3.1% in the first quarter. VanderPol Investments L.L.C. now owns 465 shares of the computer hardware maker's stock valued at $420,000 after purchasing an additional 14 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.
About NVIDIA
(
Get Free Report)
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.
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