NVIDIA (NASDAQ:NVDA) Stock Price Down 4.9% - Should You Sell?

NVIDIA Co. (NASDAQ:NVDA - Get Free Report)'s stock price was down 4.9% during trading on Monday . The company traded as low as $106.31 and last traded at $107.19. Approximately 107,677,014 shares were traded during trading, a decline of 67% from the average daily volume of 327,116,499 shares. The stock had previously closed at $112.69.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NVDA shares. Wells Fargo & Company boosted their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Wedbush restated an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a research note on Thursday, February 20th. Piper Sandler increased their price objective on NVIDIA from $140.00 to $175.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Benchmark reissued a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, February 27th. Finally, Citigroup raised their price target on shares of NVIDIA from $170.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.69.

NVIDIA Stock Up 1.6 %

The stock has a market cap of $2.65 trillion, a PE ratio of 42.84, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The business has a fifty day moving average of $131.05 and a 200-day moving average of $131.57. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

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NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares of the company's stock, valued at $65,056,016.72. This represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares of the company's stock, valued at approximately $3,763,402,713.60. This represents a 3.37 % 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 insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Palisade Asset Management LLC grew its stake in NVIDIA by 0.5% during the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after purchasing an additional 75 shares during the last quarter. Blue Square Asset Management LLC increased its stake in shares of NVIDIA by 26.7% in the third quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker's stock worth $5,840,000 after acquiring an additional 10,136 shares during the period. SMART Wealth LLC raised its holdings in shares of NVIDIA by 289.5% during the fourth quarter. SMART Wealth LLC now owns 72,311 shares of the computer hardware maker's stock worth $9,711,000 after purchasing an additional 53,747 shares during the last quarter. Narwhal Capital Management lifted its position in NVIDIA by 5.1% during the third quarter. Narwhal Capital Management now owns 545,676 shares of the computer hardware maker's stock valued at $66,267,000 after purchasing an additional 26,373 shares during the period. Finally, Tybourne Capital Management HK Ltd. boosted its holdings in NVIDIA by 46.7% in the third quarter. Tybourne Capital Management HK Ltd. now owns 16,826 shares of the computer hardware maker's stock valued at $2,043,000 after purchasing an additional 5,360 shares during the last quarter. Institutional investors and hedge funds 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.