NVIDIA (NASDAQ:NVDA) Stock Price Down 0.7% - Here's What Happened

Shares of NVIDIA Co. (NASDAQ:NVDA - Get Free Report) traded down 0.7% during trading on Friday . The stock traded as low as $138.74 and last traded at $139.12. 59,422,539 shares traded hands during trading, a decline of 77% from the average session volume of 260,439,047 shares. The stock had previously closed at $140.11.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NVDA shares. Melius Research raised their price target on shares of NVIDIA from $165.00 to $185.00 and gave the company a "buy" rating in a report on Monday, November 11th. Truist Financial raised their price target on shares of NVIDIA from $148.00 to $167.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Tigress Financial upgraded shares of NVIDIA from a "buy" rating to a "strong-buy" rating and raised their price target for the company from $170.00 to $220.00 in a report on Tuesday, January 28th. Loop Capital restated a "buy" rating and issued a $175.00 price target on shares of NVIDIA in a report on Wednesday, November 20th. Finally, Susquehanna raised their price target on shares of NVIDIA from $160.00 to $180.00 and gave the company a "positive" rating in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and a consensus price target of $168.21.

NVIDIA Stock Performance

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 firm's 50 day simple moving average is $134.66 and its 200-day simple moving average is $131.33. The company has a market cap of $3.29 trillion, a price-to-earnings ratio of 52.87, a PEG ratio of 1.76 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion for the quarter, compared to analysts' expectations of $33.15 billion. During the same quarter in the previous year, the company posted $0.38 EPS. The firm's quarterly revenue was up 93.6% on a year-over-year basis. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

Insiders Place Their Bets

In other news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now owns 19,942 shares in the company, valued at $2,831,764. The trade was a 3.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the transaction, the insider now owns 480,899 shares in the company, valued at approximately $65,056,016.72. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last 90 days. 4.23% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Gould Capital LLC raised its holdings in shares of NVIDIA by 314.0% during the 4th quarter. Gould Capital LLC now owns 10,610 shares of the computer hardware maker's stock worth $1,425,000 after acquiring an additional 8,047 shares during the period. Putney Financial Group LLC purchased a new stake in NVIDIA in the 4th quarter valued at about $2,932,000. Aurdan Capital Management LLC purchased a new stake in NVIDIA in the 4th quarter valued at about $288,000. PVG Asset Management Corp purchased a new stake in NVIDIA in the 4th quarter valued at about $834,000. Finally, Perennial Advisors LLC purchased a new stake in NVIDIA in the 4th quarter valued at about $19,229,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Company Profile

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.