NVIDIA (NASDAQ:NVDA) Shares Down 4.5% - Should You Sell?

NVIDIA Co. (NASDAQ:NVDA - Get Free Report) shares traded down 4.5% during trading on Thursday . The company traded as low as $118.62 and last traded at $118.19. 126,747,916 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 277,408,250 shares. The stock had previously closed at $123.70.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NVDA. Piper Sandler increased their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. Mizuho upped their price objective on NVIDIA from $165.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. TD Cowen boosted their target price on shares of NVIDIA from $165.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Morgan Stanley cut their price target on NVIDIA from $166.00 to $152.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Bank of America reiterated a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $166.23.

NVIDIA Stock Up 0.8 %

The firm has a market capitalization of $3.06 trillion, a price-to-earnings ratio of 48.76, a price-to-earnings-growth ratio of 2.65 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The business has a fifty day moving average price of $137.46 and a two-hundred day moving average price of $129.40.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA's revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. On average, equities analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently announced 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. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA's dividend payout ratio (DPR) is 1.57%.

Insiders Place Their Bets

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the sale, the insider now owns 480,899 shares of the company's stock, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares of the company's stock, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,108,348 shares of company stock worth $146,506,958. Corporate insiders own 4.23% of the company's stock.

Institutional Trading of NVIDIA

A number of institutional investors and hedge funds have recently modified their holdings of NVDA. Geode Capital Management LLC boosted its stake in shares of NVIDIA by 2.2% in the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock worth $66,101,133,000 after acquiring an additional 11,525,969 shares during the last quarter. Legal & General Group Plc grew its position in shares of NVIDIA by 884.0% in the second quarter. Legal & General Group Plc now owns 213,127,959 shares of the computer hardware maker's stock valued at $26,329,751,000 after purchasing an additional 191,469,114 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of NVIDIA by 3.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock valued at $21,908,236,000 after purchasing an additional 6,526,200 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in NVIDIA by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 146,069,090 shares of the computer hardware maker's stock worth $17,738,630,000 after buying an additional 2,042,348 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in NVIDIA by 870.3% during the second quarter. Ameriprise Financial Inc. now owns 102,422,225 shares of the computer hardware maker's stock worth $12,658,922,000 after buying an additional 91,867,031 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

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.

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