NVIDIA (NASDAQ:NVDA) Trading Up 2.4% - Still a Buy?

NVIDIA Co. (NASDAQ:NVDA - Get Free Report)'s stock price shot up 2.4% during mid-day trading on Tuesday . The stock traded as high as $99.38 and last traded at $99.28. 70,168,837 shares changed hands during trading, a decline of 77% from the average session volume of 308,756,136 shares. The stock had previously closed at $96.91.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Piper Sandler reaffirmed an "overweight" rating on shares of NVIDIA in a research report on Friday. Barclays decreased their price objective on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Tuesday. Benchmark restated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.

NVIDIA Stock Performance

The firm's fifty day moving average is $113.21 and its 200 day moving average is $129.01. The firm has a market capitalization of $2.71 trillion, a price-to-earnings ratio of 43.69, a PEG ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

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

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction 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. The trade was a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last ninety days. Corporate insiders own 4.23% of the company's stock.

Institutional Investors Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JNBA Financial Advisors boosted its stake in NVIDIA by 13.9% during the 1st quarter. JNBA Financial Advisors now owns 14,230 shares of the computer hardware maker's stock valued at $1,542,000 after purchasing an additional 1,738 shares during the period. Mather Group LLC. boosted its position in shares of NVIDIA by 7.1% in the first quarter. Mather Group LLC. now owns 177,439 shares of the computer hardware maker's stock valued at $19,231,000 after acquiring an additional 11,794 shares during the period. Heritage Investment Group Inc. grew its stake in shares of NVIDIA by 12.1% in the first quarter. Heritage Investment Group Inc. now owns 10,706 shares of the computer hardware maker's stock worth $1,160,000 after acquiring an additional 1,153 shares during the last quarter. Alta Advisers Ltd increased its position in NVIDIA by 51.6% during the first quarter. Alta Advisers Ltd now owns 123,762 shares of the computer hardware maker's stock worth $13,413,000 after acquiring an additional 42,150 shares during the period. Finally, Sage Advisors LLC raised its stake in NVIDIA by 12.7% during the 1st quarter. Sage Advisors LLC now owns 20,965 shares of the computer hardware maker's stock valued at $2,272,000 after purchasing an additional 2,361 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

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.