NVIDIA (NASDAQ:NVDA) Stock Price Up 2.1%

NVIDIA Co. (NASDAQ:NVDA) shares were up 2.1% on Thursday . The stock traded as high as $824.15 and last traded at $813.80. Approximately 17,499,316 shares changed hands during trading, a decline of 66% from the average daily volume of 51,784,707 shares. The stock had previously closed at $796.77.

Analyst Ratings Changes

Several equities research analysts have weighed in on NVDA shares. Wolfe Research increased their price target on shares of NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Loop Capital began coverage on shares of NVIDIA in a research report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $910.00 target price on shares of NVIDIA in a research report on Wednesday, March 20th. UBS Group raised their target price on shares of NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Finally, Evercore ISI began coverage on shares of NVIDIA in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 target price for the company. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $940.30.

NVIDIA Trading Up 6.2 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The stock’s 50-day moving average is $854.40 and its two-hundred day moving average is $635.34. The company has a market cap of $2.19 trillion, a P/E ratio of 73.48, a P/E/G ratio of 1.18 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same period in the prior year, the firm earned $0.65 EPS. The company’s revenue was up 265.3% compared to the same quarter last year. As a group, equities research analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.34%.

Insider Activity

In related news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock valued at $52,689,898 in the last quarter. 3.99% of the stock is currently owned by insiders.

Institutional Trading of NVIDIA

Several institutional investors and hedge funds have recently modified their holdings of NVDA. James Hambro & Partners increased its stake in NVIDIA by 31.2% in the 1st quarter. James Hambro & Partners now owns 908 shares of the computer hardware maker’s stock worth $820,000 after buying an additional 216 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co LLC boosted its stake in shares of NVIDIA by 1.6% in the first quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 4,695 shares of the computer hardware maker’s stock worth $4,242,000 after acquiring an additional 75 shares during the period. Fonville Wealth Management LLC purchased a new stake in shares of NVIDIA during the first quarter worth about $348,000. Finer Wealth Management Inc. raised its stake in NVIDIA by 8.3% during the 1st quarter. Finer Wealth Management Inc. now owns 7,479 shares of the computer hardware maker’s stock valued at $6,757,000 after purchasing an additional 571 shares during the period. Finally, Signature Wealth Management Partners LLC lifted its holdings in NVIDIA by 5.4% in the 1st quarter. Signature Wealth Management Partners LLC now owns 920 shares of the computer hardware maker’s stock worth $831,000 after purchasing an additional 47 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

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.