NVIDIA (NASDAQ:NVDA) Shares Down 0.3% - Should You Sell?

Shares of NVIDIA Co. (NASDAQ:NVDA - Get Free Report) dropped 0.3% during mid-day trading on Thursday . The company traded as low as $116.08 and last traded at $116.68. Approximately 71,466,011 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 297,104,019 shares. The stock had previously closed at $117.06.

Analysts Set New Price Targets

A number of research firms recently commented on NVDA. Morgan Stanley reduced their price target on NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Wedbush reaffirmed an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. Bank of America cut their price target on NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Susquehanna reiterated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $164.96.

NVIDIA Stock Down 0.6 %

The company has a market capitalization of $2.85 trillion, a price-to-earnings ratio of 45.91, a P/E/G ratio of 1.76 and a beta of 2.11. 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's fifty day moving average price is $110.29 and its 200-day moving average price is $127.28.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $38.16 billion. Sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Activity

In related news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. The trade was a 27.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company's stock.

Institutional Trading of NVIDIA

Hedge funds have recently modified their holdings of the stock. CenterBook Partners LP boosted its position in shares of NVIDIA by 21.2% during the 1st quarter. CenterBook Partners LP now owns 130,434 shares of the computer hardware maker's stock worth $14,136,000 after purchasing an additional 22,832 shares in the last quarter. Gagnon Securities LLC increased its holdings in shares of NVIDIA by 4.1% during the first quarter. Gagnon Securities LLC now owns 20,769 shares of the computer hardware maker's stock valued at $2,251,000 after acquiring an additional 817 shares in the last quarter. Keynote Financial Services LLC raised its position in shares of NVIDIA by 73.3% during the first quarter. Keynote Financial Services LLC now owns 8,985 shares of the computer hardware maker's stock worth $974,000 after purchasing an additional 3,799 shares during the period. Headlands Technologies LLC lifted its holdings in shares of NVIDIA by 57.4% in the 1st quarter. Headlands Technologies LLC now owns 203,852 shares of the computer hardware maker's stock worth $22,093,000 after purchasing an additional 74,333 shares in the last quarter. Finally, Waycross Partners LLC grew its position in NVIDIA by 13.7% in the 1st quarter. Waycross Partners LLC now owns 487,310 shares of the computer hardware maker's stock valued at $52,815,000 after purchasing an additional 58,656 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Company Profile

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.