NVIDIA (NASDAQ:NVDA) Shares Up 0.9% - What's Next?

NVIDIA Co. (NASDAQ:NVDA - Get Free Report)'s share price shot up 0.9% during mid-day trading on Thursday . The stock traded as high as $133.95 and last traded at $133.01. 69,527,390 shares changed hands during trading, a decline of 76% from the average session volume of 292,601,630 shares. The stock had previously closed at $131.80.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NVDA. DA Davidson lowered their price objective on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Citigroup reissued a "buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Piper Sandler reissued an "overweight" rating on shares of NVIDIA in a research report on Friday, April 25th. Truist Financial raised their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.84.

NVIDIA Trading Up 1.1%

The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market cap of $3.26 trillion, a price-to-earnings ratio of 52.46, a PEG ratio of 1.76 and a beta of 2.11. The business's 50-day simple moving average is $113.31 and its 200-day simple moving average is $127.02.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is presently 1.36%.

Insider Activity

In other news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last 90 days. Insiders own 4.23% of the company's stock.

Institutional Investors Weigh In On NVIDIA

Institutional investors have recently bought and sold shares of the stock. Hickory Point Bank & Trust purchased a new stake in NVIDIA in the fourth quarter valued at approximately $2,272,000. Capital Performance Advisors LLP grew its holdings in NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after purchasing an additional 9,944 shares during the period. Waddell & Associates LLC grew its holdings in NVIDIA by 1.2% in the fourth quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after purchasing an additional 297 shares during the period. Strategy Asset Managers LLC grew its holdings in NVIDIA by 0.8% in the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock valued at $7,024,000 after purchasing an additional 405 shares during the period. Finally, Ethos Financial Group LLC grew its holdings in NVIDIA by 24.1% in the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after purchasing an additional 6,241 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Company Profile

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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