Shares of NVIDIA Co. (NASDAQ:NVDA - Get Free Report) shot up 2.6% during mid-day trading on Monday . The stock traded as high as $139.25 and last traded at $138.85. 194,776,546 shares were traded during trading, a decline of 33% from the average session volume of 291,045,696 shares. The stock had previously closed at $135.29.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on NVDA. Benchmark reiterated a "buy" rating and set a $190.00 target price on shares of NVIDIA in a report on Tuesday, January 7th. DA Davidson lifted their target price on shares of NVIDIA from $90.00 to $135.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. The Goldman Sachs Group lifted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Susquehanna boosted their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the stock a "positive" rating in a report on Thursday, November 14th. Finally, Robert W. Baird boosted their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $168.21.
View Our Latest Stock Analysis on NVDA
NVIDIA Stock Performance
The business's 50-day moving average price is $134.66 and its 200-day moving average price is $130.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a market cap of $3.43 trillion, a P/E ratio of 55.14, a P/E/G ratio of 1.75 and a beta of 1.62.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The company 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 quarterly revenue was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. As a group, sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
Insider Buying and Selling
In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the transaction, the chief financial officer now owns 3,351,572 shares of the company's stock, valued at $453,802,848.80. This represents a 1.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 28,671,360 shares of the company's stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,108,348 shares of company stock valued at $146,506,958. Company insiders own 4.23% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in NVDA. Christopher J. Hasenberg Inc bought a new position in shares of NVIDIA during the 3rd quarter valued at about $27,000. Tacita Capital Inc purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of NVIDIA during the 2nd quarter valued at about $31,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $34,000. Finally, West Financial Advisors LLC purchased a new stake in shares of NVIDIA during the 3rd quarter valued at about $36,000. Institutional investors own 65.27% of the company's stock.
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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