NVIDIA Co. (NASDAQ:NVDA - Get Free Report) shares shot up 4.2% during trading on Wednesday . The stock traded as high as $116.76 and last traded at $113.32. 126,760,996 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 325,998,287 shares. The stock had previously closed at $108.75.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. TD Cowen boosted their target price on NVIDIA from $165.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Benchmark reiterated a "buy" rating and set a $190.00 target price on shares of NVIDIA in a report on Thursday, February 27th. Oppenheimer reiterated an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Finally, Mizuho reduced their price target on NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research report on Friday. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $171.51.
Get Our Latest Stock Report on NVIDIA
NVIDIA Stock Performance
The stock has a market capitalization of $2.92 trillion, a P/E ratio of 47.21, a P/E/G ratio of 1.76 and a beta of 1.77. The stock has a 50 day moving average of $129.71 and a 200 day moving average of $131.20. 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 issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.36%.
Insider Transactions at NVIDIA
In other news, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares of the company's stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,039,125 shares of company stock valued at $137,062,338. 4.23% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of NVDA. AMF Tjanstepension AB lifted its holdings in shares of NVIDIA by 2.2% in the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock valued at $976,348,000 after buying an additional 169,445 shares during the period. Wealth Group Ltd. lifted its holdings in shares of NVIDIA by 5.0% in the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock valued at $680,000 after buying an additional 265 shares during the period. SOA Wealth Advisors LLC. lifted its holdings in shares of NVIDIA by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock valued at $14,650,000 after buying an additional 350 shares during the period. DLK Investment Management LLC lifted its holdings in shares of NVIDIA by 7.1% in the third quarter. DLK Investment Management LLC now owns 7,039 shares of the computer hardware maker's stock valued at $855,000 after buying an additional 464 shares during the period. Finally, Davies Financial Advisors Inc. lifted its holdings in shares of NVIDIA by 1.1% in the third quarter. Davies Financial Advisors Inc. now owns 26,795 shares of the computer hardware maker's stock valued at $3,254,000 after buying an additional 295 shares during the period. Institutional investors own 65.27% of the company's stock.
NVIDIA Company Profile
(
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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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