NVIDIA (NASDAQ:NVDA) Stock Price Down 3% – Should You Sell?

NVIDIA Co. (NASDAQ:NVDA) shares dropped 3% during trading on Tuesday . The stock traded as low as $124.44 and last traded at $126.40. Approximately 107,356,410 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 260,527,938 shares. The stock had previously closed at $130.28.

Analysts Set New Price Targets

NVDA has been the subject of several research analyst reports. Mizuho upped their target price on NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Robert W. Baird upped their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. HSBC dropped their target price on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Susquehanna upped their price target on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Monday, January 27th. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $168.21.

NVIDIA Stock Performance

The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $134.63 and a 200 day moving average price of $131.74. The firm has a market capitalization of $3.16 trillion, a PE ratio of 50.92, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,107,632 shares of company stock worth $146,405,286 in the last three months. 4.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On NVIDIA

Several large investors have recently bought and sold shares of the stock. Christopher J. Hasenberg Inc acquired a new position in shares of NVIDIA during the 3rd quarter worth about $27,000. Tacita Capital Inc acquired a new position in NVIDIA in the fourth quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. purchased a new position in NVIDIA in the second quarter valued at approximately $31,000. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the fourth quarter worth approximately $34,000. Finally, Vision Financial Markets LLC acquired a new stake in NVIDIA during the fourth quarter worth approximately $38,000. Hedge funds and other 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.