NVIDIA (NASDAQ:NVDA) Shares Down 1%

NVIDIA Co. (NASDAQ:NVDA - Get Free Report) was down 1% on Monday . The stock traded as low as $852.66 and last traded at $868.25. Approximately 18,064,837 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 51,716,594 shares. The stock had previously closed at $877.35.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Piper Sandler lifted their price target on NVIDIA from $850.00 to $1,050.00 and gave the company an "overweight" rating in a research note on Wednesday, March 20th. Wells Fargo & Company lifted their target price on NVIDIA from $840.00 to $970.00 and gave the company an "overweight" rating in a research report on Tuesday, March 19th. HSBC increased their price target on NVIDIA from $880.00 to $1,050.00 and gave the company a "buy" rating in a research report on Monday, March 18th. Rosenblatt Securities restated a "buy" rating and set a $1,100.00 price objective on shares of NVIDIA in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group increased their target price on shares of NVIDIA from $875.00 to $1,000.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $940.30.

NVIDIA Price Performance

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 $2.19 trillion, a PE ratio of 72.72, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. The business's 50-day moving average price is $854.40 and its 200 day moving average price is $637.76.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 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 business had revenue of $22.10 billion during the quarter, compared to analysts' expectations of $20.40 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The firm's revenue was up 265.3% on a year-over-year basis. Research analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the firm's stock in a transaction dated 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 sale, the director now 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 available at the SEC website. In other news, Director John Dabiri sold 128 shares of the company's stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares of the company's stock, valued at approximately $1,931,700. 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 22,700 shares of NVIDIA 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 completion of the transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. 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. 3.99% of the stock is currently owned by corporate insiders.

Institutional Trading of NVIDIA

Institutional investors have recently added to or reduced their stakes in the business. Moody Lynn & Lieberson LLC lifted its position in NVIDIA by 7.2% in the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker's stock valued at $38,737,000 after purchasing an additional 5,998 shares during the last quarter. TrueMark Investments LLC bought a new stake in NVIDIA during the 4th quarter valued at $2,639,000. McLean Asset Management Corp boosted its position in NVIDIA by 11.7% during the 4th quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker's stock valued at $871,000 after buying an additional 186 shares during the period. Cornercap Investment Counsel Inc. grew its holdings in NVIDIA by 5.7% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker's stock worth $1,931,000 after acquiring an additional 209 shares during the last quarter. Finally, Shilanski & Associates Inc. increased its position 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 valued at $1,477,000 after acquiring an additional 410 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

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.