NVIDIA (NASDAQ:NVDA) Stock Price Up 3.7% - What's Next?

NVIDIA Co. (NASDAQ:NVDA - Get Free Report)'s stock price was up 3.7% during trading on Monday . The company traded as high as $122.82 and last traded at $120.97. Approximately 80,788,903 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 295,503,575 shares. The stock had previously closed at $116.65.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NVDA. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Susquehanna reaffirmed a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Rosenblatt Securities decreased their target price on NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, DA Davidson decreased their target price on NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $164.84.

NVIDIA Stock Up 0.4%

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 firm has a 50 day simple moving average of $112.33 and a 200-day simple moving average of $127.06. The stock has a market capitalization of $3.31 trillion, a price-to-earnings ratio of 53.29, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. On average, sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.36%.

Insider Activity

In related news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by corporate insiders.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. Tacita Capital Inc bought a new position in NVIDIA during the fourth quarter worth about $28,000. Legend Financial Advisors Inc. bought a new position in NVIDIA during the fourth quarter worth about $34,000. Vision Financial Markets LLC bought a new position in NVIDIA during the fourth quarter worth about $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA during the fourth quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC bought a new position in NVIDIA during the fourth quarter worth about $46,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.