NVIDIA (NASDAQ:NVDA) Trading Down 1.2% – Here’s What Happened

Shares of NVIDIA Co. (NASDAQ:NVDA) were down 1.2% during mid-day trading on Friday . The company traded as low as $145.05 and last traded at $145.50. Approximately 75,864,350 shares traded hands during trading, a decline of 64% from the average daily volume of 208,683,031 shares. The stock had previously closed at $147.22.

Wall Street Analyst Weigh In

NVDA has been the topic of several research analyst reports. Mizuho raised their price objective on NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. Redburn Atlantic started coverage on shares of NVIDIA in a research report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 target price on the stock. Piper Sandler upped their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, HSBC cut their price objective on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $164.63.

NVIDIA Stock Performance

The company has a market capitalization of $3.53 trillion, a price-to-earnings ratio of 56.81, a P/E/G ratio of 2.65 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a 50-day simple moving average of $138.71 and a two-hundred day simple moving average of $129.47.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Insiders Place Their Bets

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the transaction, the chief financial officer now owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 in the last quarter. 4.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently bought and sold shares of NVDA. Nadler Financial Group Inc. boosted its stake in NVIDIA by 0.6% in the fourth quarter. Nadler Financial Group Inc. now owns 72,314 shares of the computer hardware maker’s stock valued at $9,711,000 after acquiring an additional 438 shares in the last quarter. Golden State Equity Partners boosted its position in shares of NVIDIA by 1,197.7% in the 4th quarter. Golden State Equity Partners now owns 199,977 shares of the computer hardware maker’s stock valued at $26,855,000 after purchasing an additional 184,567 shares during the period. Avantra Family Wealth Inc. purchased a new position in NVIDIA during the 4th quarter worth approximately $4,132,000. Riverstone Advisors LLC increased its position in NVIDIA by 43.3% during the fourth quarter. Riverstone Advisors LLC now owns 14,918 shares of the computer hardware maker’s stock worth $2,003,000 after buying an additional 4,507 shares during the period. Finally, Bluesphere Advisors LLC lifted its stake in NVIDIA by 1.2% in the fourth quarter. Bluesphere Advisors LLC now owns 41,105 shares of the computer hardware maker’s stock valued at $5,520,000 after buying an additional 491 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.