NVIDIA (NASDAQ:NVDA) Shares Down 4.9% - Time to Sell?

NVIDIA Co. (NASDAQ:NVDA - Get Free Report) traded down 4.9% during mid-day trading on Monday . The company traded as low as $106.31 and last traded at $107.19. 107,677,014 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 327,116,499 shares. The stock had previously closed at $112.69.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Robert W. Baird boosted their price target on NVIDIA from $150.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Truist Financial upped their target price on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research report on Thursday, February 27th. DA Davidson reaffirmed a "neutral" rating and set a $135.00 price objective on shares of NVIDIA in a research report on Thursday, February 27th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $162.00 price objective (up from $152.00) on shares of NVIDIA in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.69.

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NVIDIA Trading Up 1.7 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market cap of $2.65 trillion, a price-to-earnings ratio of 42.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The firm's fifty day moving average is $130.54 and its 200-day moving average is $131.42.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. Equities analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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 issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.

Insider Activity

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares of the company's stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,107,632 shares of company stock worth $146,405,286 in the last quarter. 4.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently made changes to their positions in NVDA. AMF Tjanstepension AB boosted its holdings in NVIDIA by 2.2% during the 3rd quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock worth $976,348,000 after acquiring an additional 169,445 shares during the last quarter. Wealth Group Ltd. raised its holdings in shares of NVIDIA by 5.0% in the 3rd quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock worth $680,000 after purchasing an additional 265 shares during the period. Sanders Morris Harris LLC grew its holdings in NVIDIA by 4.9% during the third quarter. Sanders Morris Harris LLC now owns 195,010 shares of the computer hardware maker's stock valued at $23,682,000 after purchasing an additional 9,040 shares during the period. Atlas Private Wealth Advisors raised its stake in shares of NVIDIA by 6.1% in the third quarter. Atlas Private Wealth Advisors now owns 13,918 shares of the computer hardware maker's stock valued at $1,690,000 after buying an additional 800 shares during the period. Finally, Morton Capital Management LLC CA lifted its position in shares of NVIDIA by 36.2% during the 3rd quarter. Morton Capital Management LLC CA now owns 22,942 shares of the computer hardware maker's stock valued at $2,786,000 after buying an additional 6,101 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

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.

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