NVIDIA (NASDAQ:NVDA) Shares Down 2.6%

NVIDIA Co. (NASDAQ:NVDA - Get Free Report)'s share price fell 2.6% during trading on Friday . The company traded as low as $812.80 and last traded at $824.46. 19,428,426 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 51,300,285 shares. The stock had previously closed at $846.71.

Analysts Set New Price Targets

A number of research firms have commented on NVDA. Sanford C. Bernstein raised their target price on NVIDIA from $700.00 to $1,000.00 and gave the company an "outperform" rating in a report on Thursday, February 22nd. Stifel Nicolaus reaffirmed a "buy" rating and set a $910.00 price target on shares of NVIDIA in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft lifted their price target on NVIDIA from $720.00 to $850.00 and gave the stock a "hold" rating in a research note on Wednesday, March 20th. JPMorgan Chase & Co. lifted their price target on NVIDIA from $650.00 to $850.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. Finally, Jefferies Financial Group lifted their price target on NVIDIA from $610.00 to $780.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Four investment 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, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $940.30.

NVIDIA Price Performance

The company's 50-day simple moving average is $844.71 and its 200-day simple moving average is $622.23. The company has a market cap of $1.91 trillion, a price-to-earnings ratio of 63.82, a P/E/G ratio of 1.21 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to analysts' expectations of $20.40 billion. During the same period last year, the business posted $0.65 earnings per share. The firm's revenue for the quarter was up 265.3% on a year-over-year basis. On average, equities research analysts anticipate that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the firm's stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the sale, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Mark A. Stevens sold 22,700 shares of the firm's stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares of the company's stock, valued at $925,845,476.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 11,000 shares of the firm's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $905.65, for a total value of $9,962,150.00. Following the transaction, the director now directly owns 1,074,833 shares in the company, valued at $973,422,506.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of NVIDIA by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 204,507,576 shares of the computer hardware maker's stock valued at $101,276,242,000 after purchasing an additional 827,377 shares during the period. Geode Capital Management LLC boosted its position in NVIDIA by 0.6% during the 1st quarter. Geode Capital Management LLC now owns 46,056,013 shares of the computer hardware maker's stock worth $12,763,663,000 after acquiring an additional 267,061 shares during the period. Norges Bank acquired a new stake in NVIDIA during the 4th quarter worth about $14,606,369,000. Morgan Stanley boosted its position in NVIDIA by 20.2% during the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker's stock worth $4,023,783,000 after acquiring an additional 4,621,002 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of NVIDIA by 3.6% during the 3rd quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker's stock valued at $11,445,211,000 after buying an additional 910,009 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.