NVIDIA (NASDAQ:NVDA) Stock Price Down 1%

Shares of NVIDIA Co. (NASDAQ:NVDA) dropped 1% during trading on Monday . The stock traded as low as $852.66 and last traded at $868.25. Approximately 18,064,837 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 51,716,594 shares. The stock had previously closed at $877.35.

Wall Street Analyst Weigh In

NVDA has been the topic of several research reports. Rosenblatt Securities reissued a “buy” rating and issued a $1,100.00 price target on shares of NVIDIA in a research note on Tuesday, February 20th. JPMorgan Chase & Co. lifted their target price on shares of NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. KeyCorp lifted their target price on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. HSBC lifted their target price on shares of NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Loop Capital assumed coverage on shares of NVIDIA in a research note on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price target on the stock. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $940.30.

NVIDIA Stock Down 0.3 %

The firm has a market cap of $2.19 trillion, a PE ratio of 72.72, a P/E/G ratio of 1.26 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. The firm’s 50-day moving average price is $854.40 and its two-hundred day moving average price is $637.76.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS 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 firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. NVIDIA’s revenue for the quarter was up 265.3% on a year-over-year basis. As a group, equities research analysts expect that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction 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 in the company, valued at approximately $896,494,891.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction 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 in the company, valued at approximately $896,494,891.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 128 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the transaction, the director now owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by insiders.

Hedge Funds Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brio Consultants LLC grew its stake in NVIDIA by 2.3% in the 1st quarter. Brio Consultants LLC now owns 1,599 shares of the computer hardware maker’s stock valued at $1,444,000 after acquiring an additional 36 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in NVIDIA by 54.2% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 751,828 shares of the computer hardware maker’s stock valued at $679,322,000 after acquiring an additional 264,200 shares during the last quarter. Fiduciary Planning LLC grew its stake in NVIDIA by 27.4% in the 1st quarter. Fiduciary Planning LLC now owns 1,314 shares of the computer hardware maker’s stock valued at $1,187,000 after acquiring an additional 283 shares during the last quarter. Groesbeck Investment Management Corp NJ acquired a new stake in NVIDIA in the 1st quarter valued at about $1,319,000. Finally, Union Savings Bank grew its stake in NVIDIA by 4.4% in the 1st quarter. Union Savings Bank now owns 929 shares of the computer hardware maker’s stock valued at $839,000 after acquiring an additional 39 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

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.