NVIDIA (NASDAQ:NVDA) Stock Price Up 2.2%

NVIDIA Co. (NASDAQ:NVDA)’s share price traded up 2.2% during trading on Wednesday . The stock traded as high as $125.39 and last traded at $125.35. 83,891,148 shares traded hands during trading, a decline of 82% from the average session volume of 477,697,156 shares. The stock had previously closed at $122.67.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Needham & Company LLC raised their price objective on NVIDIA from $85.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Rosenblatt Securities boosted their price target on shares of NVIDIA from $140.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. HSBC lifted their price target on NVIDIA from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Jefferies Financial Group lifted their target price on NVIDIA from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Finally, Wedbush boosted their price target on NVIDIA from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Five equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $126.34.

NVIDIA Stock Up 3.1 %

The firm has a market cap of $3.11 trillion, a PE ratio of 73.30, a PEG ratio of 1.30 and a beta of 1.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14. The business’s 50 day moving average price is $107.95 and its 200 day moving average price is $84.78.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.10. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The company had revenue of $26.04 billion for the quarter, compared to analyst estimates of $24.59 billion. During the same period in the previous year, the business posted $0.09 EPS. NVIDIA’s revenue was up 262.1% on a year-over-year basis. On average, equities research analysts expect that NVIDIA Co. will post 2.53 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, June 11th. This is a positive change from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. NVIDIA’s dividend payout ratio is 2.34%.

Insider Buying and Selling at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $128.17, for a total value of $576,765.00. Following the transaction, the insider now directly owns 503,878 shares of the company’s stock, valued at approximately $64,582,043.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $128.17, for a total value of $576,765.00. Following the completion of the sale, the insider now owns 503,878 shares in the company, valued at approximately $64,582,043.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $122.78, for a total transaction of $14,733,600.00. Following the completion of the sale, the chief executive officer now owns 79,974,995 shares of the company’s stock, valued at approximately $9,819,329,886.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,106,590 shares of company stock valued at $354,056,104. Insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Institutional investors have recently bought and sold shares of the stock. FPC Investment Advisory Inc. acquired a new position in shares of NVIDIA during the first quarter worth $26,000. Koesten Hirschmann & Crabtree INC. bought a new stake in NVIDIA during the first quarter valued at $27,000. HBC Financial Services PLLC bought a new stake in NVIDIA during the first quarter valued at $30,000. Norwood Financial Corp bought a new stake in NVIDIA during the first quarter valued at $45,000. Finally, Coston McIsaac & Partners increased its holdings in shares of NVIDIA by 231.3% in the 1st quarter. Coston McIsaac & Partners now owns 53 shares of the computer hardware maker’s stock worth $47,000 after acquiring an additional 37 shares during the period. 65.27% of the stock is currently owned by hedge funds and other 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.