NVIDIA (NASDAQ:NVDA) Trading Down 3.3% – Time to Sell?

NVIDIA Co. (NASDAQ:NVDA)’s share price dropped 3.3% on Friday . The company traded as low as $134.22 and last traded at $135.45. 92,595,123 shares were traded during trading, a decline of 59% from the average daily volume of 225,262,781 shares. The stock had previously closed at $140.11.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Mizuho boosted their price objective on NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Piper Sandler boosted their price target on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Raymond James raised their price objective on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 14th. UBS Group boosted their target price on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Citigroup increased their target price on shares of NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.63.

NVIDIA Trading Down 3.0 %

The firm has a 50-day moving average price of $139.90 and a 200-day moving average price of $128.68. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.33 trillion, a PE ratio of 53.49, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is 1.57%.

Insider Buying and Selling at NVIDIA

In other news, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were 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 owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Dabiri sold 716 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now owns 19,942 shares in the company, valued at $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. 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 over the last ninety days. 4.23% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NVIDIA

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lynch & Associates IN boosted its holdings in shares of NVIDIA by 11.5% in the fourth quarter. Lynch & Associates IN now owns 8,169 shares of the computer hardware maker’s stock worth $1,097,000 after acquiring an additional 845 shares during the period. Trinity Financial Advisors LLC boosted its stake in NVIDIA by 8.9% in the 4th quarter. Trinity Financial Advisors LLC now owns 25,457 shares of the computer hardware maker’s stock worth $3,521,000 after purchasing an additional 2,074 shares during the period. Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the 4th quarter valued at about $46,000. Sugarloaf Wealth Management LLC increased its position in shares of NVIDIA by 131.7% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 39,614 shares of the computer hardware maker’s stock valued at $5,320,000 after buying an additional 22,514 shares during the period. Finally, Praetorian Wealth Management Inc. purchased a new stake in shares of NVIDIA in the fourth quarter worth about $396,000. 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.