NVIDIA (NASDAQ:NVDA) Stock Price Down 2.4% - What's Next?

Shares of NVIDIA Co. (NASDAQ:NVDA - Get Free Report) were down 2.4% during trading on Friday . The company traded as low as $135.80 and last traded at $135.79. Approximately 85,925,120 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 276,468,563 shares. The stock had previously closed at $139.19.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. Susquehanna reiterated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a report on Thursday. Mizuho raised their price objective on shares of NVIDIA from $168.00 to $170.00 and gave the company an "outperform" rating in a report on Thursday. Finally, DA Davidson raised their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and a consensus target price of $171.66.

NVIDIA Stock Down 3.5%

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 $3.28 trillion, a PE ratio of 52.85, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a fifty day moving average price of $115.48 and a 200 day moving average price of $126.52.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the previous year, the firm posted $0.61 EPS. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's payout ratio is 1.29%.

Insider Buying and Selling

In related news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52% 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, insider Donald F. Robertson, Jr. sold 4,500 shares of the company'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 value of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 in the last quarter. 4.17% of the stock is owned by insiders.

Institutional Investors Weigh In On NVIDIA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tacita Capital Inc purchased a new stake in NVIDIA in the fourth quarter worth $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth $40,000. Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the last quarter. Finally, Copia Wealth Management purchased a new stake in shares of NVIDIA in the fourth quarter worth $50,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

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.