NVIDIA (NASDAQ:NVDA) Trading Down 1.9% - Should You Sell?

NVIDIA Co. (NASDAQ:NVDA - Get Free Report) was down 1.9% on Monday . The company traded as low as $113.01 and last traded at $117.82. Approximately 160,968,480 shares changed hands during trading, a decline of 44% from the average daily volume of 289,726,875 shares. The stock had previously closed at $120.07.

Analysts Set New Price Targets

NVDA has been the subject of several analyst reports. Susquehanna raised their target price on NVIDIA from $160.00 to $180.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. Rosenblatt Securities reiterated a "buy" rating and set a $220.00 target price on shares of NVIDIA in a research report on Wednesday, January 8th. Morgan Stanley lowered their price target on shares of NVIDIA from $166.00 to $152.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Redburn Atlantic began coverage on NVIDIA in a report on Tuesday, November 12th. They set a "buy" rating and a $178.00 price objective on the stock. Finally, Phillip Securities reissued an "accumulate" rating and issued a $160.00 target price (up from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $166.23.

NVIDIA Price Performance

The firm has a market capitalization of $3.15 trillion, a price-to-earnings ratio of 50.64, a price-to-earnings-growth ratio of 2.16 and a beta of 1.62. The business has a fifty day moving average of $135.62 and a two-hundred day moving average of $129.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA's revenue was up 93.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. As a group, research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's payout ratio is currently 1.57%.

Insiders Place Their Bets

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the sale, the insider now owns 480,899 shares of the company's stock, valued at $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 66,670 shares of the company's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now owns 3,351,572 shares of the company's stock, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock worth $146,506,958 in the last 90 days. Company insiders own 4.23% of the company's stock.

Institutional Investors Weigh In On NVIDIA

Hedge funds have recently made changes to their positions in the stock. Quest Partners LLC acquired a new stake in shares of NVIDIA during the second quarter worth $27,000. Christopher J. Hasenberg Inc acquired a new stake in shares of NVIDIA in the 3rd quarter valued at about $27,000. Tacita Capital Inc acquired a new position in NVIDIA during the 4th quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. bought a new position in NVIDIA in the second quarter worth approximately $31,000. Finally, Legend Financial Advisors Inc. acquired a new stake in NVIDIA in the fourth quarter valued at approximately $34,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.