NVIDIA (NASDAQ:NVDA) Trading 1.8% Higher

NVIDIA Co. (NASDAQ:NVDA)’s share price rose 1.8% during trading on Friday . The company traded as high as $127.71 and last traded at $126.24. Approximately 97,432,517 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 482,818,063 shares. The stock had previously closed at $123.99.

Analyst Ratings Changes

NVDA has been the subject of a number of recent analyst reports. Wolfe Research raised their target price on NVIDIA from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. TD Cowen raised their target price on NVIDIA from $120.00 to $140.00 and gave the company a “buy” rating in a report on Monday, June 10th. Sanford C. Bernstein raised their target price on NVIDIA from $100.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Morgan Stanley reissued an “overweight” rating on shares of NVIDIA in a report on Monday, June 10th. Finally, Craig Hallum raised their target price on NVIDIA from $85.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Five analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.66.

NVIDIA Stock Performance

The stock’s 50-day moving average is $106.24 and its 200-day moving average is $83.48. The stock has a market cap of $3.04 trillion, a price-to-earnings ratio of 72.25, a P/E/G ratio of 1.31 and a beta of 1.70. 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 issued its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.10. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The company had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. During the same quarter last year, the company earned $0.09 earnings per share. NVIDIA’s revenue for the quarter was up 262.1% on a year-over-year basis. On average, analysts expect that NVIDIA Co. will post 2.53 EPS for the current year.

NVIDIA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th were given a $0.10 dividend. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, June 11th. This represents a $0.40 annualized dividend and a yield of 0.32%. NVIDIA’s dividend payout ratio (DPR) is 2.34%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $128.17, for a total value of $576,765.00. Following the completion of the sale, the insider now owns 503,878 shares of the company’s stock, valued at $64,582,043.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mark A. Stevens sold 227,000 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $88.00, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now directly owns 10,521,330 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $128.17, for a total value of $576,765.00. Following the transaction, the insider now owns 503,878 shares of the company’s stock, valued at $64,582,043.26. The disclosure for this sale can be found here. Insiders sold 1,866,590 shares of company stock valued at $324,317,704 over the last 90 days. 4.23% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NVIDIA

Several large investors have recently added to or reduced their stakes in NVDA. FPC Investment Advisory Inc. bought a new position in NVIDIA during the first quarter worth $26,000. Koesten Hirschmann & Crabtree INC. bought a new position in NVIDIA during the first quarter worth $27,000. LFA Lugano Financial Advisors SA acquired a new stake in NVIDIA in the fourth quarter worth $28,000. Criterion Capital Advisors LLC acquired a new stake in NVIDIA in the fourth quarter worth $28,000. Finally, HBC Financial Services PLLC acquired a new stake in NVIDIA in the first quarter worth $30,000. 65.27% of the stock is currently owned by 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.