NVIDIA (NASDAQ:NVDA) Trading Down 2.8% – Here’s What Happened

NVIDIA Corporation (NASDAQ:NVDA) fell 2.8% during trading on Tuesday . The stock traded as low as $179.65 and last traded at $181.36. 211,275,864 shares changed hands during trading, a decline of 6% from the average session volume of 225,082,625 shares. The stock had previously closed at $186.60.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NVDA shares. Oppenheimer increased their price objective on shares of NVIDIA from $225.00 to $265.00 and gave the stock an “outperform” rating in a research note on Thursday, November 13th. Piper Sandler set a $225.00 price target on NVIDIA and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of NVIDIA in a report on Thursday. Wedbush reaffirmed an “outperform” rating and set a $210.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Finally, Barclays reissued an “overweight” rating and issued a $240.00 price target (up from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Five investment analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $240.49.

NVIDIA Stock Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company has a market capitalization of $4.41 trillion, a price-to-earnings ratio of 51.67, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The firm has a fifty day simple moving average of $185.97 and a 200 day simple moving average of $166.88.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the firm posted $0.68 EPS. The business’s revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s payout ratio is currently 1.14%.

Insider Buying and Selling

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,251,577 shares of company stock worth $583,143,187 in the last 90 days. Insiders own 4.17% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. San Luis Wealth Advisors LLC boosted its stake in NVIDIA by 9.2% during the 3rd quarter. San Luis Wealth Advisors LLC now owns 132,032 shares of the computer hardware maker’s stock worth $24,635,000 after purchasing an additional 11,080 shares during the last quarter. Raab & Moskowitz Asset Management LLC lifted its stake in shares of NVIDIA by 10.5% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 4,593 shares of the computer hardware maker’s stock worth $857,000 after buying an additional 436 shares in the last quarter. Dorsey Wright & Associates boosted its position in NVIDIA by 3.0% during the third quarter. Dorsey Wright & Associates now owns 91,147 shares of the computer hardware maker’s stock worth $17,006,000 after acquiring an additional 2,673 shares during the last quarter. Fulcrum Asset Management LLP grew its stake in NVIDIA by 0.7% during the 3rd quarter. Fulcrum Asset Management LLP now owns 95,431 shares of the computer hardware maker’s stock valued at $17,806,000 after acquiring an additional 686 shares in the last quarter. Finally, Reliant Wealth Planning grew its stake in NVIDIA by 30.9% during the 3rd quarter. Reliant Wealth Planning now owns 2,941 shares of the computer hardware maker’s stock valued at $549,000 after acquiring an additional 695 shares in the last quarter. Hedge funds and other institutional investors 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.