NVIDIA (NASDAQ:NVDA) Trading 2.1% Higher

NVIDIA Co. (NASDAQ:NVDA) shares shot up 2.1% during mid-day trading on Thursday . The stock traded as high as $824.15 and last traded at $813.80. 17,499,316 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 51,784,707 shares. The stock had previously closed at $796.77.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their target price on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. CICC Research assumed coverage on shares of NVIDIA in a research report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 target price on the stock. Jefferies Financial Group lifted their price target on shares of NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $900.00 price target on shares of NVIDIA in a research note on Monday, March 4th. Finally, Craig Hallum lifted their price objective on NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Four 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 an average rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Stock Up 3.7 %

The firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 68.16, a P/E/G ratio of 1.18 and a beta of 1.73. The stock has a fifty day moving average of $849.38 and a two-hundred day moving average of $631.03. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s quarterly revenue was up 265.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Sell-side analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s payout ratio is 1.34%.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the transaction, the director now owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 12,000 shares of NVIDIA stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the sale, the director now owns 1,107,583 shares of the company’s stock, valued at $945,366,393.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,278 shares of company stock worth $52,689,898. Company insiders own 3.99% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Norwood Financial Corp bought a new stake in shares of NVIDIA during the first quarter valued at approximately $45,000. Coston McIsaac & Partners grew its position in NVIDIA by 231.3% in the 1st quarter. Coston McIsaac & Partners now owns 53 shares of the computer hardware maker’s stock valued at $47,000 after purchasing an additional 37 shares during the period. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA during the 4th quarter valued at $28,000. Criterion Capital Advisors LLC bought a new stake in NVIDIA during the 4th quarter valued at $28,000. Finally, Able Wealth Management LLC bought a new position in shares of NVIDIA in the fourth quarter valued at $32,000. Institutional investors own 65.27% of the company’s stock.

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.