NVIDIA (NASDAQ:NVDA) Shares Up 5.7%

NVIDIA Co. (NASDAQ:NVDA)’s stock price shot up 5.7% on Tuesday . The company traded as high as $106.36 and last traded at $106.16. 135,595,906 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 454,660,094 shares. The stock had previously closed at $100.45.

Analyst Ratings Changes

A number of equities research 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. Robert W. Baird upped their price objective on NVIDIA from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. New Street Research upgraded NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Tuesday. Wolfe Research upped their price objective on NVIDIA from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Finally, Evercore ISI upped their price target on shares of NVIDIA from $131.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 11th. Five research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.31.

NVIDIA Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.14 and a current ratio of 3.53. The stock has a market cap of $2.56 trillion, a P/E ratio of 62.08, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68. The company’s 50 day moving average price is $121.58 and its 200-day moving average price is $96.42.

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

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, June 11th. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. NVIDIA’s dividend payout ratio (DPR) is 2.34%.

Insider Activity

In related news, Director Dawn E. Hudson sold 150,000 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $105.92, for a total value of $15,888,000.00. Following the completion of the sale, the director now directly owns 555,000 shares of the company’s stock, valued at approximately $58,785,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Dawn E. Hudson sold 150,000 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $105.92, for a total value of $15,888,000.00. Following the completion of the sale, the director now directly owns 555,000 shares of the company’s stock, valued at approximately $58,785,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.81, for a total transaction of $11,977,200.00. Following the sale, the chief executive officer now directly owns 77,094,995 shares of the company’s stock, valued at $7,694,851,450.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,080,723 shares of company stock worth $606,952,541. Corporate insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVDA. Lowe Wealth Advisors LLC bought a new stake in NVIDIA during the 2nd quarter valued at about $25,000. DHJJ Financial Advisors Ltd. lifted its holdings in NVIDIA by 1,900.0% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 200 shares of the computer hardware maker’s stock valued at $25,000 after buying an additional 190 shares in the last quarter. FPC Investment Advisory Inc. bought a new stake in NVIDIA during the 1st quarter valued at about $26,000. CGC Financial Services LLC bought a new stake in NVIDIA during the 2nd quarter valued at about $26,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new stake in NVIDIA during the 1st quarter valued at about $27,000. 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.