NVIDIA (NASDAQ:NVDA) Stock Price Up 2.4%

NVIDIA Co. (NASDAQ:NVDA - Get Free Report) shares rose 2.4% on Friday . The company traded as high as $889.47 and last traded at $878.89. Approximately 17,127,867 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 51,272,035 shares. The stock had previously closed at $858.17.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NVDA shares. Mizuho lifted their target price on NVIDIA from $850.00 to $1,000.00 and gave the stock a "buy" rating in a research report on Thursday, March 7th. Tigress Financial increased their price target on shares of NVIDIA from $790.00 to $985.00 and gave the stock a "buy" rating in a research note on Thursday, February 29th. UBS Group lifted their price objective on shares of NVIDIA from $1,100.00 to $1,150.00 and gave the company a "buy" rating in a research note on Tuesday. Piper Sandler Companies upped their target price on shares of NVIDIA to $850.00 and gave the company an "overweight" rating in a report on Friday, February 16th. Finally, The Goldman Sachs Group raised their price target on NVIDIA from $875.00 to $1,000.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. Four 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 company's stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $941.55.

NVIDIA Price 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 company 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 $2.22 trillion, a PE ratio of 74.36, a P/E/G ratio of 1.19 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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. 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%. The business's quarterly revenue was up 265.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. Sell-side analysts forecast that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced 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 was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA's payout ratio is currently 1.34%.

Insider Activity at NVIDIA

In other news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now directly owns 2,055 shares of the company's stock, valued at approximately $1,931,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NVIDIA news, Director John Dabiri sold 128 shares of the firm's stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now directly owns 2,055 shares of the company's stock, valued at $1,931,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the business's stock in a transaction dated 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 owns 1,124,583 shares in the company, valued at approximately $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. 3.99% of the stock is currently owned by insiders.

Institutional Trading of NVIDIA

Several large investors have recently bought and sold shares of NVDA. Norwood Financial Corp purchased a new stake in NVIDIA during the 1st quarter worth approximately $45,000. Coston McIsaac & Partners raised its holdings in NVIDIA by 231.3% in the first quarter. Coston McIsaac & Partners now owns 53 shares of the computer hardware maker's stock valued at $47,000 after acquiring an additional 37 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in NVIDIA in the fourth quarter valued at $28,000. Criterion Capital Advisors LLC acquired a new stake in NVIDIA in the fourth quarter valued at $28,000. Finally, Able Wealth Management LLC acquired a new stake in NVIDIA in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 65.27% of the company's stock.

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.

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