NVIDIA (NASDAQ:NVDA) Stock Price Up 1.4% – Here’s Why

NVIDIA Co. (NASDAQ:NVDA)’s share price shot up 1.4% during mid-day trading on Monday . The company traded as high as $114.29 and last traded at $112.50. 94,759,441 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 313,467,485 shares. The stock had previously closed at $110.93.

Analyst Ratings Changes

Several research firms have issued reports on NVDA. DA Davidson lowered their price target on shares of NVIDIA from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Citigroup dropped their target price on shares of NVIDIA from $163.00 to $150.00 and set a “buy” rating for the company in a research report on Friday. Benchmark reiterated a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. HSBC lowered shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a report on Thursday, April 3rd. Finally, Barclays upped their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $168.39.

NVIDIA Stock Performance

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 stock has a fifty day moving average price of $118.95 and a 200-day moving average price of $130.40. The firm has a market cap of $2.70 trillion, a price-to-earnings ratio of 43.50, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $38.16 billion. On average, analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. 25 LLC lifted its position in shares of NVIDIA by 9.2% during the first quarter. 25 LLC now owns 8,304 shares of the computer hardware maker’s stock worth $900,000 after purchasing an additional 703 shares during the last quarter. Capital Investment Advisors LLC raised its stake in NVIDIA by 8.3% during the first quarter. Capital Investment Advisors LLC now owns 401,792 shares of the computer hardware maker’s stock worth $43,546,000 after acquiring an additional 30,650 shares during the period. PFW Advisors LLC boosted its stake in NVIDIA by 1.7% in the first quarter. PFW Advisors LLC now owns 25,406 shares of the computer hardware maker’s stock valued at $2,754,000 after acquiring an additional 428 shares during the period. Lloyd Advisory Services LLC. raised its position in shares of NVIDIA by 23.3% during the 1st quarter. Lloyd Advisory Services LLC. now owns 16,986 shares of the computer hardware maker’s stock worth $1,841,000 after purchasing an additional 3,209 shares during the period. Finally, Meridian Financial Partners LLC grew its stake in NVIDIA by 1.8% during the 1st quarter. Meridian Financial Partners LLC now owns 24,097 shares of the computer hardware maker’s stock worth $2,612,000 after buying an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

About NVIDIA

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.