NVIDIA (NASDAQ:NVDA) Trading Down 6.7% - What's Next?

NVIDIA Co. (NASDAQ:NVDA - Get Free Report)'s stock price traded down 6.7% during mid-day trading on Friday . The stock traded as low as $92.11 and last traded at $95.02. 184,113,955 shares were traded during trading, a decline of 41% from the average session volume of 312,387,726 shares. The stock had previously closed at $101.80.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research note on Wednesday, March 19th. Barclays increased their price objective on NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Bank of America reissued a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Mizuho dropped their price objective on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Finally, Wedbush reiterated an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $169.89.

NVIDIA Trading Down 1.4 %

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 fifty day moving average of $120.78 and a 200 day moving average of $131.05. The company has a market capitalization of $2.35 trillion, a PE ratio of 37.90, a PEG ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating 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%. As a group, sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred 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 transaction, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares of the company's stock, valued at $6,300,891.36. The trade was a 27.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 over the last 90 days. Company insiders own 4.23% of the company's stock.

Hedge Funds Weigh In On NVIDIA

Large investors have recently added to or reduced their stakes in the company. Conrad Siegel Investment Advisors Inc. increased its stake in NVIDIA by 2.7% during the 1st quarter. Conrad Siegel Investment Advisors Inc. now owns 8,824 shares of the computer hardware maker's stock valued at $956,000 after purchasing an additional 229 shares in the last quarter. Aletheian Wealth Advisors LLC increased its stake in shares of NVIDIA by 9.0% in the 1st quarter. Aletheian Wealth Advisors LLC now owns 25,889 shares of the computer hardware maker's stock valued at $2,806,000 after purchasing an additional 2,127 shares in the last quarter. Sterneck Capital Management LLC raised its position in NVIDIA by 5.7% during the first quarter. Sterneck Capital Management LLC now owns 3,705 shares of the computer hardware maker's stock worth $402,000 after acquiring an additional 200 shares during the period. Allied Investment Advisors LLC boosted its holdings in NVIDIA by 9.3% in the 1st quarter. Allied Investment Advisors LLC now owns 5,090 shares of the computer hardware maker's stock worth $552,000 after buying an additional 435 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of NVIDIA by 12.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 568,678 shares of the computer hardware maker's stock worth $61,633,000 after purchasing an additional 62,911 shares in the last quarter. 65.27% of the stock is currently owned by 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.