Shares of NVIDIA Co. (NASDAQ:NVDA - Get Free Report) rose 0.5% on Friday . The stock traded as high as $110.69 and last traded at $108.08. Approximately 103,207,436 shares traded hands during trading, a decline of 67% from the average daily volume of 314,430,031 shares. The stock had previously closed at $107.57.
Analysts Set New Price Targets
A number of equities analysts have commented on the company. Barclays lifted their price target on NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Wedbush reaffirmed an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a research report on Thursday, February 20th. Summit Insights lowered shares of NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Benchmark reiterated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Citigroup reduced their price target on shares of NVIDIA from $163.00 to $150.00 and set a "buy" rating for the company in a research report on Friday. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $168.26.
Read Our Latest Report on NVDA
NVIDIA Trading Up 1.3 %
The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $2.74 trillion, a PE ratio of 44.16, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The stock's 50 day moving average is $118.67 and its two-hundred day moving average is $130.33.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. As a group, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.
Insider Transactions at NVIDIA
In related news, CFO Colette Kress sold 66,660 shares of the 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 transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This trade represents a 17.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 in the last quarter. 4.23% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On NVIDIA
Several hedge funds have recently modified their holdings of NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the fourth quarter valued at $34,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA during the 4th quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in NVIDIA in the 4th quarter valued at about $46,000. 65.27% of the stock is owned by hedge funds and other institutional investors.
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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