NVIDIA (NASDAQ:NVDA) Shares Down 2%

Shares of NVIDIA Co. (NASDAQ:NVDA - Get Free Report) were down 2% on Tuesday . The company traded as low as $890.11 and last traded at $902.55. Approximately 17,043,543 shares traded hands during trading, a decline of 67% from the average daily volume of 50,995,094 shares. The stock had previously closed at $921.40.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Oppenheimer raised their price target on NVIDIA from $850.00 to $1,100.00 and gave the company an "outperform" rating in a report on Wednesday, March 20th. Stifel Nicolaus reiterated a "buy" rating and issued a $910.00 price target on shares of NVIDIA in a research note on Wednesday, March 20th. Tigress Financial raised their price objective on shares of NVIDIA from $790.00 to $985.00 and gave the stock a "buy" rating in a research report on Thursday, February 29th. Morgan Stanley upped their target price on NVIDIA from $795.00 to $1,000.00 and gave the company an "overweight" rating in a research report on Wednesday, April 10th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $900.00 price target on shares of NVIDIA in a report on Monday, March 4th. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $944.05.

NVIDIA Trading Down 1.7 %

The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The firm's 50-day moving average price is $872.36 and its 200 day moving average price is $659.34. The company has a market cap of $2.26 trillion, a price-to-earnings ratio of 75.84, a P/E/G ratio of 1.27 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share 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 the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business's revenue was up 265.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. As a group, equities analysts expect that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares of the company's stock, valued at $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on 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 completion of the transaction, the director now directly owns 1,124,583 shares of the company's stock, valued at $896,933,663.31. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the business's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is owned by insiders.

Institutional Trading of NVIDIA

Hedge funds and other institutional investors have recently modified their holdings of the business. HBC Financial Services PLLC purchased a new stake in NVIDIA during the 1st quarter worth about $30,000. Norwood Financial Corp bought a new stake in shares of NVIDIA during the first quarter valued at about $45,000. Coston McIsaac & Partners lifted its holdings in shares of NVIDIA by 231.3% in the first quarter. Coston McIsaac & Partners now owns 53 shares of the computer hardware maker's stock worth $47,000 after buying an additional 37 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $28,000. Finally, Criterion Capital Advisors LLC purchased a new position in NVIDIA during the fourth quarter valued at approximately $28,000. Institutional investors 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.