NVIDIA (NASDAQ:NVDA) Shares Down 1.9% – What’s Next?

Shares of NVIDIA Corporation (NASDAQ:NVDA) dropped 1.9% during mid-day trading on Monday . The company traded as low as $184.32 and last traded at $186.60. Approximately 170,416,176 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 225,131,203 shares. The stock had previously closed at $190.17.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NVDA. Mizuho set a $235.00 target price on NVIDIA in a research note on Wednesday, October 29th. HSBC set a $320.00 price target on NVIDIA and gave the company a “buy” rating in a report on Wednesday, October 15th. S&P Equity Research reaffirmed a “positive” rating on shares of NVIDIA in a report on Wednesday, October 22nd. Oppenheimer increased their target price on shares of NVIDIA from $225.00 to $265.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, KeyCorp restated an “overweight” rating and set a $250.00 price target on shares of NVIDIA in a research report on Friday. Five equities research analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $239.30.

NVIDIA Stock Down 1.9%

The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $4.53 trillion, a price-to-earnings ratio of 53.16, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The business has a 50-day moving average price of $185.60 and a 200-day moving average price of $166.35.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $45.65 billion. During the same quarter in the previous year, the company earned $0.68 EPS. The business’s revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a dividend of $0.01 per share. The ex-dividend date 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 at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction 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 directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,251,577 shares of company stock valued at $583,143,187 in the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NVDA. Kingstone Capital Partners Texas LLC raised its holdings in NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after buying an additional 382,231,120 shares in the last quarter. Norges Bank acquired a new position in shares of NVIDIA during the second quarter worth approximately $51,386,863,000. Nuveen LLC acquired a new stake in shares of NVIDIA in the first quarter worth $15,089,414,000. Goldman Sachs Group Inc. grew its stake in shares of NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of NVIDIA by 16.1% during the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock worth $30,855,564,000 after purchasing an additional 22,896,705 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

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.