NVIDIA (NASDAQ:NVDA) Shares Down 1.9% – Time to Sell?

NVIDIA Co. (NASDAQ:NVDA)’s share price traded down 1.9% during mid-day trading on Monday . The stock traded as low as $113.01 and last traded at $117.82. 160,968,480 shares were traded during mid-day trading, a decline of 44% from the average session volume of 289,726,875 shares. The stock had previously closed at $120.07.

Wall Street Analyst Weigh In

NVDA has been the topic of several analyst reports. Tigress Financial raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating and lifted their target price for the stock from $170.00 to $220.00 in a research note on Tuesday, January 28th. Raymond James upped their price target on NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 14th. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a research report on Wednesday, January 8th. Evercore ISI upped their target price on NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company lifted their price target on shares of NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $166.23.

NVIDIA Trading Down 2.1 %

The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $136.58 and its two-hundred day moving average is $129.41. The stock has a market cap of $2.88 trillion, a price-to-earnings ratio of 46.23, a price-to-earnings-growth ratio of 2.16 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s quarterly revenue was up 93.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. Equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at $453,802,848.80. The trade was a 1.95 % 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 John Dabiri sold 716 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the transaction, the director now owns 19,942 shares of the company’s stock, valued at $2,831,764. This represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 in the last ninety days. 4.23% of the stock is owned by insiders.

Institutional Trading of NVIDIA

A number of institutional investors have recently made changes to their positions in the stock. Eubel Brady & Suttman Asset Management Inc. increased its stake in shares of NVIDIA by 14.9% during the fourth quarter. Eubel Brady & Suttman Asset Management Inc. now owns 7,017 shares of the computer hardware maker’s stock valued at $942,000 after acquiring an additional 910 shares during the period. Dahring Cusmano LLC acquired a new position in shares of NVIDIA during the 4th quarter valued at $251,000. Blackston Financial Advisory Group LLC raised its stake in shares of NVIDIA by 5.9% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 23,558 shares of the computer hardware maker’s stock worth $3,164,000 after buying an additional 1,303 shares in the last quarter. Capital Advisory Group Advisory Services LLC lifted its holdings in shares of NVIDIA by 0.7% in the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 41,932 shares of the computer hardware maker’s stock valued at $5,631,000 after buying an additional 272 shares during the period. Finally, Crumly & Associates Inc. boosted its stake in NVIDIA by 3.2% during the fourth quarter. Crumly & Associates Inc. now owns 10,654 shares of the computer hardware maker’s stock valued at $1,431,000 after buying an additional 335 shares in the last quarter. 65.27% of the stock is 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.