Shares of NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) were down 2.7% during mid-day trading on Wednesday . The company traded as low as $168.80 and last traded at $170.84. Approximately 88,374,888 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 240,097,000 shares. The stock had previously closed at $175.64.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on NVDA. Truist Financial lifted their price target on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. KeyCorp lifted their price target on shares of NVIDIA from $190.00 to $215.00 and gave the stock an "overweight" rating in a research report on Wednesday. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Bank of America lifted their price target on shares of NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. Finally, TD Cowen lifted their price target on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $189.97.
Get Our Latest Stock Report on NVDA
NVIDIA Stock Down 1.3%
The company has a market capitalization of $4.23 trillion, a price-to-earnings ratio of 55.88, a price-to-earnings-growth ratio of 1.60 and a beta of 2.14. The firm's 50 day moving average price is $165.38 and its two-hundred day moving average price is $136.23. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results 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). The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The business's quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 EPS. NVIDIA has set its Q2 2026 guidance at EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director directly owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the sale, the director directly owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,912,440 shares of company stock valued at $902,886,782. Insiders own 4.17% of the company's stock.
Hedge Funds Weigh In On NVIDIA
Several large investors have recently modified their holdings of NVDA. Harbor Asset Planning Inc. bought a new stake in shares of NVIDIA in the 2nd quarter worth approximately $28,000. Winnow Wealth LLC bought a new stake in shares of NVIDIA in the 2nd quarter worth approximately $32,000. Longfellow Investment Management Co. LLC lifted its holdings in shares of NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after acquiring an additional 67 shares during the last quarter. Spurstone Advisory Services LLC bought a new stake in NVIDIA during the 2nd quarter valued at $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new stake in NVIDIA during the 2nd quarter valued at $54,000. Hedge funds and other 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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