NVIDIA (NASDAQ:NVDA) Trading 1.8% Higher

NVIDIA Co. (NASDAQ:NVDA) rose 1.8% 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 topic of a number of research analyst reports. CICC Research initiated coverage on NVIDIA in a research note on Wednesday, March 6th. They issued an “outperform” rating and a $87.00 target price on the stock. Bank of America boosted their target price on NVIDIA from $132.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. Raymond James increased their price objective on NVIDIA from $110.00 to $120.00 and gave the company a “strong-buy” rating in a report on Thursday, May 23rd. Rosenblatt Securities increased their price objective on NVIDIA from $140.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Finally, Wolfe Research increased their price objective on NVIDIA from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Five research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.66.

NVIDIA Stock Down 0.4 %

The stock has a 50-day simple moving average of $106.24 and a two-hundred day simple moving average of $83.48. The company has a quick ratio of 3.14, a current ratio of 3.53 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.04 trillion, a PE ratio of 72.25, a P/E/G ratio of 1.31 and a beta of 1.70.

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

NVIDIA Increases Dividend

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

Insider Activity

In other news, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $128.74, for a total transaction of $15,448,800.00. Following the transaction, the chief executive officer now directly owns 81,358,830 shares of the company’s stock, valued at $10,474,135,774.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Tench Coxe sold 100,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $1,194.57, for a total value of $119,457,000.00. Following the sale, the director now directly owns 2,967,136 shares of the company’s stock, valued at $3,544,451,651.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $128.74, for a total value of $15,448,800.00. Following the completion of the sale, the chief executive officer now directly owns 81,358,830 shares in the company, valued at $10,474,135,774.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,866,590 shares of company stock valued at $324,317,704. 4.23% of the stock is currently owned by insiders.

Institutional Trading of NVIDIA

Large investors have recently modified their holdings of the business. FPC Investment Advisory Inc. bought a new stake in shares of NVIDIA in the first quarter worth about $26,000. Koesten Hirschmann & Crabtree INC. bought a new stake in NVIDIA during the 1st quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA during the 4th quarter valued at approximately $28,000. Criterion Capital Advisors LLC bought a new stake in NVIDIA during the 4th quarter valued at approximately $28,000. Finally, HBC Financial Services PLLC bought a new stake in NVIDIA during the 1st quarter valued at approximately $30,000. 65.27% of the stock is owned by institutional investors.

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.