NVIDIA (NASDAQ:NVDA) Trading Down 1.1% After Analyst Downgrade

Shares of NVIDIA Co. (NASDAQ:NVDA - Get Free Report) traded down 1.1% during mid-day trading on Tuesday after HSBC lowered their price target on the stock from $195.00 to $185.00. HSBC currently has a buy rating on the stock. NVIDIA traded as low as $131.37 and last traded at $131.79. 71,176,360 shares were traded during trading, a decline of 67% from the average session volume of 217,570,547 shares. The stock had previously closed at $133.23.

Several other research firms also recently commented on NVDA. Truist Financial increased their price objective on shares of NVIDIA from $148.00 to $167.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Benchmark restated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research report on Tuesday, January 7th. Wedbush increased their target price on shares of NVIDIA from $160.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. William Blair began coverage on shares of NVIDIA in a research note on Wednesday, September 18th. They set an "outperform" rating for the company. Finally, DA Davidson upped their price target on shares of NVIDIA from $90.00 to $135.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $164.27.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 716 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the transaction, the director now owns 19,942 shares of the company's stock, valued at $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. Company insiders own 4.23% of the company's stock.

Institutional Investors Weigh In On NVIDIA

A number of large investors have recently made changes to their positions in the stock. SignalPoint Asset Management LLC raised its stake in NVIDIA by 0.9% during the fourth quarter. SignalPoint Asset Management LLC now owns 57,679 shares of the computer hardware maker's stock worth $7,746,000 after purchasing an additional 517 shares during the period. StrongBox Wealth LLC lifted its holdings in NVIDIA by 1.4% in the fourth quarter. StrongBox Wealth LLC now owns 21,151 shares of the computer hardware maker's stock valued at $2,840,000 after acquiring an additional 284 shares during the last quarter. MPS Loria Financial Planners LLC grew its position in NVIDIA by 8.6% in the fourth quarter. MPS Loria Financial Planners LLC now owns 13,871 shares of the computer hardware maker's stock worth $1,863,000 after acquiring an additional 1,103 shares during the period. Heritage Family Offices LLP increased its stake in NVIDIA by 111.9% during the fourth quarter. Heritage Family Offices LLP now owns 4,302 shares of the computer hardware maker's stock worth $578,000 after acquiring an additional 2,272 shares during the last quarter. Finally, Financial Enhancement Group LLC lifted its position in NVIDIA by 852.6% in the fourth quarter. Financial Enhancement Group LLC now owns 53,233 shares of the computer hardware maker's stock valued at $7,092,000 after buying an additional 47,645 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Down 1.1 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market capitalization of $3.23 trillion, a PE ratio of 51.85, a P/E/G ratio of 2.43 and a beta of 1.64. The business's 50 day moving average price is $139.84 and its 200-day moving average price is $128.76.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to analysts' expectations of $33.15 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The company's revenue was up 93.6% on a year-over-year basis. As a group, equities research analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.57%.

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.