NVIDIA (NASDAQ:NVDA) Trading Up 2.1%

NVIDIA Co. (NASDAQ:NVDA) shares rose 2.1% during mid-day trading on Monday . The company traded as high as $796.39 and last traded at $778.33. Approximately 26,388,187 shares were traded during trading, a decline of 49% from the average daily volume of 51,917,855 shares. The stock had previously closed at $762.00.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research reports. CICC Research initiated coverage on NVIDIA in a research report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price objective on the stock. Craig Hallum boosted their price objective on NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Argus boosted their price objective on NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. DA Davidson boosted their price objective on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Finally, Truist Financial increased their price objective on NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Trading Up 4.3 %

The business’s 50-day moving average price is $844.71 and its 200 day moving average price is $624.83. The company has a market cap of $1.99 trillion, a P/E ratio of 65.19, a P/E/G ratio of 1.09 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s quarterly revenue was up 265.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. As a group, analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a $0.04 dividend. 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%.

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares in the company, valued at approximately $1,931,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John Dabiri sold 128 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the transaction, the director now directly owns 2,055 shares in the company, valued at approximately $1,931,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the transaction, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock worth $52,689,898 in the last quarter. 3.99% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NVIDIA

Hedge funds and other institutional investors have recently made changes to their positions in the company. Moody Lynn & Lieberson LLC grew its holdings in shares of NVIDIA by 7.2% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock valued at $38,737,000 after purchasing an additional 5,998 shares during the last quarter. TrueMark Investments LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at approximately $2,639,000. McLean Asset Management Corp grew its holdings in shares of NVIDIA by 11.7% during the 4th quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock valued at $871,000 after purchasing an additional 186 shares during the last quarter. Shilanski & Associates Inc. grew its holdings in shares of NVIDIA by 15.9% during the 4th quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock valued at $1,477,000 after purchasing an additional 410 shares during the last quarter. Finally, WealthPLAN Partners LLC grew its holdings in shares of NVIDIA by 14.3% during the 4th quarter. WealthPLAN Partners LLC now owns 7,938 shares of the computer hardware maker’s stock valued at $3,931,000 after purchasing an additional 996 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.