NVIDIA (NASDAQ:NVDA) Stock Price Up 1.3%

NVIDIA Co. (NASDAQ:NVDA)’s share price rose 1.3% during trading on Monday . The stock traded as high as $116.28 and last traded at $114.52. Approximately 74,851,570 shares changed hands during trading, a decline of 84% from the average daily volume of 453,970,688 shares. The stock had previously closed at $113.06.

Analysts Set New Price Targets

NVDA has been the subject of several recent research reports. Wells Fargo & Company upped their price target on shares of NVIDIA from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 18th. Truist Financial reaffirmed a “buy” rating and issued a $140.00 price objective (up previously from $128.80) on shares of NVIDIA in a report on Thursday, June 27th. Sanford C. Bernstein upped their price objective on shares of NVIDIA from $100.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Piper Sandler upped their price objective on shares of NVIDIA from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Finally, Benchmark upped their price objective on shares of NVIDIA from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Six analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.59.

NVIDIA Stock Down 1.0 %

The business has a fifty day moving average of $120.63 and a 200 day moving average of $94.20. The stock has a market cap of $2.75 trillion, a price-to-earnings ratio of 66.97, a P/E/G ratio of 1.19 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.

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

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s dividend payout ratio is presently 2.34%.

Insiders Place Their Bets

In other NVIDIA news, Director Dawn E. Hudson sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $105.92, for a total transaction of $15,888,000.00. Following the completion of the sale, the director now owns 555,000 shares of the company’s stock, valued at $58,785,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $117.24, for a total value of $14,068,800.00. Following the completion of the sale, the chief executive officer now directly owns 78,054,995 shares of the company’s stock, valued at $9,151,167,613.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dawn E. Hudson sold 150,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $105.92, for a total value of $15,888,000.00. Following the completion of the transaction, the director now directly owns 555,000 shares of the company’s stock, valued at $58,785,600. The disclosure for this sale can be found here. Insiders sold 3,720,723 shares of company stock valued at $567,785,741 over the last 90 days. 4.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Center For Asset Management LLC lifted its position in NVIDIA by 1,013.8% in the second quarter. Center For Asset Management LLC now owns 26,152 shares of the computer hardware maker’s stock worth $3,231,000 after purchasing an additional 23,804 shares during the period. F M Investments LLC lifted its position in NVIDIA by 9,247.8% in the second quarter. F M Investments LLC now owns 803,540 shares of the computer hardware maker’s stock worth $99,294,000 after purchasing an additional 794,944 shares during the period. Smith Chas P & Associates PA Cpas lifted its position in NVIDIA by 1,025.5% in the second quarter. Smith Chas P & Associates PA Cpas now owns 16,826 shares of the computer hardware maker’s stock worth $2,079,000 after purchasing an additional 15,331 shares during the period. American Capital Advisory LLC raised its stake in NVIDIA by 1,106.8% during the second quarter. American Capital Advisory LLC now owns 1,424 shares of the computer hardware maker’s stock worth $176,000 after acquiring an additional 1,306 shares in the last quarter. Finally, Cortland Associates Inc. MO acquired a new position in NVIDIA during the second quarter worth $222,000. 65.27% of the stock is owned by institutional investors.

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.