NVIDIA Co. (NASDAQ:NVDA - Get Free Report) traded down 1.6% during trading on Friday . The stock traded as low as $115.21 and last traded at $115.51. 53,477,975 shares traded hands during trading, a decline of 82% from the average session volume of 296,533,686 shares. The stock had previously closed at $117.37.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Mizuho cut their price objective on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Barclays cut their price objective on NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Benchmark reissued a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, DA Davidson dropped their target price on NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.
Check Out Our Latest Stock Analysis on NVDA
NVIDIA Stock Down 0.6%
The stock has a market capitalization of $2.85 trillion, a PE ratio of 45.91, a PEG ratio of 1.76 and a beta of 2.11. The company has a 50 day moving average price of $110.29 and a 200-day moving average price of $127.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's payout ratio is 1.36%.
Insider Buying and Selling
In other news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 over the last ninety days. Company insiders own 4.23% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of NVDA. Tacita Capital Inc purchased a new stake in NVIDIA in the fourth quarter worth about $28,000. Legend Financial Advisors Inc. bought a new position in NVIDIA in the 4th quarter worth approximately $34,000. Vision Financial Markets LLC bought a new position in NVIDIA in the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA during the 4th quarter valued at approximately $40,000. Finally, Kathleen S. Wright Associates Inc. grew its holdings in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares in the last quarter. Institutional investors 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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