NVIDIA Co. (NASDAQ:NVDA - Get Free Report) shares were down 2.3% on Wednesday . The company traded as low as $133.83 and last traded at $134.29. Approximately 155,183,672 shares were traded during trading, a decline of 59% from the average daily volume of 377,359,844 shares. The stock had previously closed at $137.49.
Analyst Upgrades and Downgrades
NVDA has been the topic of several analyst reports. Phillip Securities reissued an "accumulate" rating and issued a $160.00 price target (up previously from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. DA Davidson upped their target price on shares of NVIDIA from $90.00 to $135.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Cantor Fitzgerald restated an "overweight" rating and set a $175.00 price target on shares of NVIDIA in a research note on Thursday, November 21st. TD Cowen upped their price objective on NVIDIA from $165.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Finally, Redburn Atlantic started coverage on NVIDIA in a research report on Tuesday, November 12th. They set a "buy" rating and a $178.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $164.15.
Check Out Our Latest Report on NVDA
NVIDIA Stock Down 2.3 %
The company has a market cap of $3.29 trillion, a price-to-earnings ratio of 52.85, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm's fifty day moving average price is $139.55 and its 200-day moving average price is $128.09.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the prior year, the company earned $0.38 earnings per share. The company's revenue for the quarter was up 93.6% compared to the same quarter last year. Sell-side analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current year.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA's dividend payout ratio (DPR) is presently 1.57%.
Insider Buying and Selling
In other news, Director John Dabiri sold 716 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were 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 directly owns 19,942 shares of the company's stock, valued at $2,831,764. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction 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 approximately $3,763,402,713.60. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,351,886 shares of company stock worth $176,825,650 over the last ninety days. Company insiders own 4.23% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of NVDA. Hoertkorn Richard Charles boosted its holdings in shares of NVIDIA by 2.0% during the 3rd quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker's stock worth $424,000 after buying an additional 70 shares during the period. Smart Portfolios LLC lifted its holdings in NVIDIA by 2.7% during the 3rd quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker's stock worth $341,000 after purchasing an additional 75 shares during the last quarter. Palisade Asset Management LLC boosted its stake in NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after purchasing an additional 75 shares during the period. Total Wealth Planning LLC grew its holdings in NVIDIA by 3.6% in the 3rd quarter. Total Wealth Planning LLC now owns 2,275 shares of the computer hardware maker's stock valued at $276,000 after buying an additional 78 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH lifted its holdings in shares of NVIDIA by 0.3% during the third quarter. Boyd Watterson Asset Management LLC OH now owns 30,080 shares of the computer hardware maker's stock worth $3,653,000 after buying an additional 80 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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