NVIDIA (NASDAQ:NVDA) Shares Up 5%

NVIDIA Co. (NASDAQ:NVDA)’s stock price rose 5% on Tuesday . The company traded as high as $114.68 and last traded at $114.48. Approximately 115,934,523 shares changed hands during trading, a decline of 74% from the average daily volume of 451,597,719 shares. The stock had previously closed at $109.02.

Analysts Set New Price Targets

A number of equities analysts have commented on NVDA shares. Evercore ISI upped their price objective on shares of NVIDIA from $131.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 11th. Needham & Company LLC raised their price objective on NVIDIA from $85.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. increased their price target on shares of NVIDIA from $85.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Truist Financial restated a “buy” rating and issued a $140.00 price target (up previously from $128.80) on shares of NVIDIA in a report on Thursday, June 27th. Finally, Wedbush boosted their target price on shares of NVIDIA from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Five investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.31.

NVIDIA Stock Performance

The company has a market cap of $2.86 trillion, a P/E ratio of 67.47, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68. The company’s 50-day moving average price is $120.74 and its two-hundred day moving average price is $97.97. 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 posted its quarterly earnings results 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. The company had revenue of $26.04 billion for the quarter, compared to analysts’ expectations of $24.59 billion. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The firm’s revenue was up 262.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. As a group, equities analysts forecast that NVIDIA Co. will post 2.53 earnings per share for the current year.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were paid a $0.10 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s dividend payout ratio (DPR) is currently 2.34%.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 385,000 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $130.74, for a total value of $50,334,900.00. Following the completion of the transaction, the director now directly owns 9,141,240 shares in the company, valued at $1,195,125,717.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Mark A. Stevens sold 385,000 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $130.74, for a total value of $50,334,900.00. Following the completion of the sale, the director now owns 9,141,240 shares in the company, valued at $1,195,125,717.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dawn E. Hudson sold 150,000 shares of NVIDIA stock in a transaction on Friday, May 24th. The shares were sold at an average price of $105.92, for a total value of $15,888,000.00. Following the transaction, the director now owns 555,000 shares in the company, valued at approximately $58,785,600. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,320,723 shares of company stock worth $631,994,141. Company insiders own 4.23% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NVDA. Hamilton Wealth LLC raised its holdings in NVIDIA by 0.3% during the 1st quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker’s stock worth $2,839,000 after buying an additional 9 shares during the period. Brooklyn FI LLC raised its holdings in shares of NVIDIA by 2.5% during the first quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker’s stock worth $442,000 after acquiring an additional 12 shares during the period. Curran Financial Partners LLC lifted its position in NVIDIA by 1.8% in the 1st quarter. Curran Financial Partners LLC now owns 691 shares of the computer hardware maker’s stock valued at $625,000 after acquiring an additional 12 shares in the last quarter. Beacon Bridge Wealth Partners LLC boosted its stake in NVIDIA by 2.6% in the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 473 shares of the computer hardware maker’s stock worth $428,000 after purchasing an additional 12 shares during the period. Finally, M. Kraus & Co increased its holdings in NVIDIA by 2.0% during the 1st quarter. M. Kraus & Co now owns 657 shares of the computer hardware maker’s stock worth $594,000 after purchasing an additional 13 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

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.