Shares of NVIDIA Co. (NASDAQ:NVDA - Get Free Report) traded up 4.3% during trading on Friday . The stock traded as high as $120.68 and last traded at $120.58. 98,189,755 shares were traded during mid-day trading, a decline of 70% from the average session volume of 323,124,205 shares. The stock had previously closed at $115.58.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Stifel Nicolaus boosted their price target on NVIDIA from $165.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Truist Financial upped their target price on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Bank of America raised their price target on NVIDIA from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $220.00 price objective on shares of NVIDIA in a research note on Monday, February 24th. Finally, Evercore ISI increased their price objective on shares of NVIDIA from $189.00 to $190.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Four investment 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $171.51.
Read Our Latest Research Report on NVDA
NVIDIA Price Performance
The business's 50-day simple moving average is $129.26 and its 200 day simple moving average is $131.23. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $2.89 trillion, a P/E ratio of 46.53, a P/E/G ratio of 1.76 and a beta of 1.77.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. As a group, sell-side analysts anticipate 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. Shareholders of record on Wednesday, March 12th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.
Insider Buying and Selling at NVIDIA
In related news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated 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 approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction dated 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 sale, the executive vice president now owns 3,902,888 shares in the company, 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. 4.23% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On NVIDIA
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Members Wealth LLC acquired a new stake in shares of NVIDIA in the fourth quarter worth $1,616,000. Tableaux LLC acquired a new stake in NVIDIA during the 4th quarter worth about $268,000. Keystone Financial Services LLC purchased a new position in NVIDIA during the 4th quarter valued at about $1,020,000. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of NVIDIA in the 4th quarter valued at about $1,288,798,000. Finally, Silver Oak Wealth Advisors Services LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at about $591,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
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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