NVIDIA (NASDAQ:NVDA) Witnesses Slight Increase of 0.1% in Share Value

NVIDIA (NASDAQ:NVDA) Witnesses Slight Increase of 0.1% in Share Value


NVIDIA Co. (NASDAQ:NVDAGet Free Report)’s share price traded up 0.1% on Friday . The stock traded as high as $913.00 and last traded at $903.56. 43,521,227 shares were traded during trading, a decline of 29% from the average session volume of 61,106,484 shares. The stock had previously closed at $902.50.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Needham & Company LLC boosted their target price on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a report on Wednesday, March 20th. Stifel Nicolaus reiterated a “buy” rating and set a $910.00 target price on shares of NVIDIA in a research note on Wednesday, March 20th. TD Cowen increased their target price on shares of NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Finally, Piper Sandler increased their target price on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $908.68.

Check Out Our Latest Research Report on NVDA

NVIDIA Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The firm has a market cap of $2.26 trillion, a price-to-earnings ratio of 75.68, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73. The company’s fifty day moving average is $778.63 and its two-hundred day moving average is $577.15.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the previous year, the business posted $0.65 EPS. The business’s quarterly revenue was up 265.3% on a year-over-year basis. Equities research analysts forecast that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is 1.34%.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 35,648 shares of NVIDIA stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $542.93, for a total transaction of $19,354,368.64. Following the sale, the director now owns 1,189,083 shares of the company’s stock, valued at approximately $645,588,833.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Mark A. Stevens sold 35,648 shares of NVIDIA stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $542.93, for a total transaction of $19,354,368.64. Following the sale, the director now owns 1,189,083 shares of the company’s stock, valued at approximately $645,588,833.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $484.62, for a total transaction of $218,079.00. Following the completion of the sale, the insider now directly owns 50,961 shares of the company’s stock, valued at approximately $24,696,719.82. The disclosure for this sale can be found here. Insiders have sold 105,352 shares of company stock valued at $64,853,077 in the last quarter. Company insiders own 3.99% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kapitalo Investimentos Ltda increased its position in shares of NVIDIA by 48.1% in the 4th quarter. Kapitalo Investimentos Ltda now owns 505 shares of the computer hardware maker’s stock worth $250,000 after purchasing an additional 164 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of NVIDIA by 8.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 34,662 shares of the computer hardware maker’s stock worth $17,165,000 after purchasing an additional 2,653 shares during the last quarter. HighPoint Advisor Group LLC bought a new stake in shares of NVIDIA in the 4th quarter worth about $36,090,000. Fairman Group LLC bought a new stake in shares of NVIDIA in the 4th quarter worth about $519,000. Finally, Warren Street Wealth Advisors LLC increased its position in shares of NVIDIA by 0.7% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 2,759 shares of the computer hardware maker’s stock worth $1,366,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Company Profile

(Get Free Report)

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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