NVIDIA (NASDAQ:NVDA) Shares Gap Down to $130.78

NVIDIA Co. (NASDAQ:NVDAGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $130.78, but opened at $127.12. NVIDIA shares last traded at $127.53, with a volume of 79,061,945 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on NVDA. Morgan Stanley restated an “overweight” rating on shares of NVIDIA in a report on Monday, June 10th. Sanford C. Bernstein boosted their price objective on NVIDIA from $100.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Robert W. Baird boosted their price objective on NVIDIA from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Piper Sandler boosted their price objective on NVIDIA from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Finally, Rosenblatt Securities boosted their price objective on NVIDIA from $140.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday. Five investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $121.77.

View Our Latest Stock Report on NVDA

NVIDIA Price Performance

The firm has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 73.50, a PEG ratio of 1.43 and a beta of 1.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14. The stock has a 50 day moving average price of $101.48 and a two-hundred day moving average price of $79.99.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The company had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. NVIDIA’s revenue for the quarter was up 262.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 EPS. As a group, analysts expect that NVIDIA Co. will post 2.52 EPS for the current year.

NVIDIA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 annualized dividend and a yield of 0.32%. NVIDIA’s dividend payout ratio is currently 2.34%.

Insiders Place Their Bets

In related news, Director Tench Coxe sold 100,000 shares of the company’s stock in a transaction that occurred on 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 owns 2,967,136 shares in the company, valued at approximately $3,544,451,651.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director John Dabiri sold 1,280 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $94.00, for a total value of $120,320.00. Following the completion of the sale, the director now directly owns 20,550 shares in the company, valued at approximately $1,931,700. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Tench Coxe sold 100,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $1,194.57, for a total value of $119,457,000.00. Following the sale, the director now owns 2,967,136 shares of the company’s stock, valued at $3,544,451,651.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,413,370 shares of company stock worth $263,248,609. Company insiders own 4.23% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of NVIDIA by 4.3% during the first quarter. Vanguard Group Inc. now owns 213,335,626 shares of the computer hardware maker’s stock valued at $192,761,538,000 after buying an additional 8,828,050 shares during the last quarter. Norges Bank purchased a new position in NVIDIA during the 4th quarter worth approximately $14,606,369,000. Northern Trust Corp grew its position in NVIDIA by 3.6% during the 3rd quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock worth $11,445,211,000 after purchasing an additional 910,009 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of NVIDIA by 54,019.5% during the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock valued at $8,352,811,000 after buying an additional 16,835,703 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of NVIDIA by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,586,595 shares of the computer hardware maker’s stock valued at $6,728,354,000 after buying an additional 388,851 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Company Profile

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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.

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