NVIDIA (NASDAQ:NVDA) Shares Down 0.7% - Time to Sell?

NVIDIA Co. (NASDAQ:NVDA - Get Free Report)'s stock price was down 0.7% during mid-day trading on Friday . The company traded as low as $138.74 and last traded at $139.12. Approximately 59,422,539 shares were traded during trading, a decline of 77% from the average daily volume of 260,439,047 shares. The stock had previously closed at $140.11.

Analyst Ratings Changes

A number of analysts recently issued reports on NVDA shares. Rosenblatt Securities reiterated a "buy" rating and set a $220.00 price objective on shares of NVIDIA in a research note on Monday. Stifel Nicolaus boosted their price objective on NVIDIA from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. TD Cowen boosted their price objective on NVIDIA from $165.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Redburn Atlantic started coverage on NVIDIA in a research note on Tuesday, November 12th. They set a "buy" rating and a $178.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on NVIDIA from $115.00 to $140.00 and gave the company a "hold" rating in a research note on Thursday, November 21st. Four equities research 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. Based on data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $168.21.

NVIDIA Price Performance

The stock has a market cap of $3.19 trillion, a P/E ratio of 51.27, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. The firm has a 50-day moving average price of $134.63 and a 200-day moving average price of $131.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

Insider Buying and Selling

In related news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction that occurred on 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 sale, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now owns 480,899 shares in the company, valued at $65,056,016.72. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,107,632 shares of company stock worth $146,405,286 in the last 90 days. Insiders own 4.23% of the company's stock.

Institutional Trading of NVIDIA

Several institutional investors have recently added to or reduced their stakes in the business. Hoertkorn Richard Charles boosted its stake in NVIDIA by 2.0% during the 3rd quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker's stock valued at $424,000 after purchasing an additional 70 shares during the last quarter. DiNuzzo Private Wealth Inc. boosted its stake in NVIDIA by 0.8% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock valued at $1,157,000 after purchasing an additional 71 shares during the last quarter. Smart Portfolios LLC boosted its stake in NVIDIA by 2.7% during the 3rd quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker's stock valued at $341,000 after purchasing an additional 75 shares during the last quarter. Palisade Asset Management LLC boosted 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. Finally, Baker Boyer National Bank boosted its stake in NVIDIA by 3.3% during the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock valued at $323,000 after purchasing an additional 76 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

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.