NVIDIA Co. (NASDAQ:NVDA - Get Free Report)'s stock price fell 4% during trading on Thursday after Citigroup lowered their price target on the stock from $163.00 to $150.00. Citigroup currently has a buy rating on the stock. NVIDIA traded as low as $106.94 and last traded at $109.79. 126,599,886 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 314,506,326 shares. The stock had previously closed at $114.33.
Several other equities analysts have also recently issued reports on the company. KeyCorp set a $190.00 price objective on NVIDIA in a research note on Wednesday, March 19th. DA Davidson lowered their price objective on shares of NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Susquehanna restated a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research report on Wednesday, March 19th. Finally, Benchmark reissued a "buy" rating and set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $168.39.
Read Our Latest Analysis on NVIDIA
Insiders Place Their Bets
In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last ninety days. Corporate insiders own 4.23% of the company's stock.
Institutional Investors Weigh In On NVIDIA
Several hedge funds and other institutional investors have recently made changes to their positions in NVDA. Tacita Capital Inc bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the 4th quarter valued at $34,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the 4th quarter worth $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA during the 4th quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at about $46,000. 65.27% of the stock is owned by institutional investors and hedge funds.
NVIDIA Trading Down 0.7 %
The firm has a market cap of $2.69 trillion, a P/E ratio of 43.37, a PEG ratio of 1.76 and a beta of 1.96. The company's 50 day moving average is $118.95 and its two-hundred day moving average is $130.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA's payout ratio is currently 1.36%.
About NVIDIA
(
Get Free Report)
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.
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