NVIDIA (NASDAQ:NVDA) Trading Up 1.3%

Shares of NVIDIA Co. (NASDAQ:NVDA) were up 1.3% during mid-day trading on Monday . The stock traded as high as $116.28 and last traded at $114.52. Approximately 74,851,570 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 453,970,688 shares. The stock had previously closed at $113.06.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NVDA shares. JPMorgan Chase & Co. boosted their target price on shares of NVIDIA from $85.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Raymond James upped their price objective on shares of NVIDIA from $110.00 to $120.00 and gave the company a “strong-buy” rating in a report on Thursday, May 23rd. Stifel Nicolaus upped their price objective on shares of NVIDIA from $91.00 to $108.50 and gave the company a “buy” rating in a report on Monday, May 20th. Barclays dropped their price objective on shares of NVIDIA from $1,200.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, June 10th. Finally, Tigress Financial upped their price objective on shares of NVIDIA from $98.50 to $170.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Six 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 company’s stock. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $131.59.

NVIDIA Stock Down 7.0 %

The stock’s 50-day moving average price is $121.13 and its two-hundred day moving average price is $94.94. The stock has a market capitalization of $2.55 trillion, a P/E ratio of 60.66, a P/E/G ratio of 1.17 and a beta of 1.68. The company has a current ratio of 3.53, a quick ratio of 3.14 and a debt-to-equity ratio of 0.17.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The firm had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. During the same period in the prior year, the firm earned $0.09 EPS. The company’s revenue was up 262.1% compared to the same quarter last year. As a group, research analysts expect that NVIDIA Co. will post 2.53 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were paid a dividend of $0.10 per share. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Tuesday, June 11th. NVIDIA’s dividend payout ratio is presently 2.34%.

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 100,110 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $130.10, for a total transaction of $13,024,311.00. Following the sale, the executive vice president now directly owns 3,939,350 shares in the company, valued at approximately $512,509,435. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Ajay K. Puri sold 100,110 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $130.10, for a total transaction of $13,024,311.00. Following the sale, the executive vice president now directly owns 3,939,350 shares in the company, valued at approximately $512,509,435. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jen Hsun Huang 120,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The disclosure for this trade can be found here. In the last ninety days, insiders have sold 3,840,723 shares of company stock worth $581,410,541. 4.23% of the stock is owned by corporate insiders.

Institutional Trading of NVIDIA

Institutional investors and hedge funds have recently bought and sold shares of the company. Aurora Private Wealth Inc. grew its holdings in shares of NVIDIA by 20.4% during the 4th quarter. Aurora Private Wealth Inc. now owns 2,196 shares of the computer hardware maker’s stock valued at $1,088,000 after purchasing an additional 372 shares during the last quarter. Blackston Financial Advisory Group LLC bought a new stake in NVIDIA in the 4th quarter worth $264,000. Ellsworth Advisors LLC grew its holdings in NVIDIA by 0.6% in the 4th quarter. Ellsworth Advisors LLC now owns 5,692 shares of the computer hardware maker’s stock worth $2,819,000 after acquiring an additional 34 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in NVIDIA by 1.5% in the 4th quarter. SeaCrest Wealth Management LLC now owns 43,933 shares of the computer hardware maker’s stock worth $21,570,000 after acquiring an additional 669 shares during the last quarter. Finally, Syntegra Private Wealth Group LLC grew its holdings in NVIDIA by 11.8% in the 4th quarter. Syntegra Private Wealth Group LLC now owns 2,131 shares of the computer hardware maker’s stock worth $1,055,000 after acquiring an additional 225 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

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.