NVIDIA (NASDAQ:NVDA) Trading 5.4% Higher – Should You Buy?

Shares of NVIDIA Co. (NASDAQ:NVDA) rose 5.4% during mid-day trading on Tuesday . The company traded as high as $105.85 and last traded at $102.91. Approximately 169,357,465 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 287,117,344 shares. The stock had previously closed at $97.64.

Analyst Upgrades and Downgrades

NVDA has been the subject of several recent research reports. Hsbc Global Res lowered shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. DA Davidson dropped their price target on shares of NVIDIA from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Benchmark reissued a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research note on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $169.89.

NVIDIA Stock Up 0.8 %

The business has a 50 day moving average price of $120.78 and a 200 day moving average price of $131.05. The firm has a market capitalization of $2.40 trillion, a P/E ratio of 38.94, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. On average, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s payout ratio is presently 1.36%.

Insider Buying and Selling

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the sale, the director now owns 251,044 shares of the company’s stock, valued at $28,993,071.56. The trade was a 17.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 over the last three months. 4.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Investors Research Corp raised its holdings in shares of NVIDIA by 46.6% in the 1st quarter. Investors Research Corp now owns 2,437 shares of the computer hardware maker’s stock worth $264,000 after buying an additional 775 shares in the last quarter. Fulcrum Capital LLC raised its stake in NVIDIA by 1.5% during the first quarter. Fulcrum Capital LLC now owns 174,824 shares of the computer hardware maker’s stock worth $18,947,000 after acquiring an additional 2,538 shares in the last quarter. James J. Burns & Company LLC lifted its holdings in shares of NVIDIA by 10.4% during the first quarter. James J. Burns & Company LLC now owns 15,884 shares of the computer hardware maker’s stock valued at $1,722,000 after acquiring an additional 1,496 shares during the period. LVM Capital Management Ltd. MI boosted its stake in shares of NVIDIA by 996.5% in the 1st quarter. LVM Capital Management Ltd. MI now owns 81,413 shares of the computer hardware maker’s stock valued at $8,824,000 after purchasing an additional 73,988 shares in the last quarter. Finally, Somerset Trust Co grew its holdings in shares of NVIDIA by 32.0% in the 1st quarter. Somerset Trust Co now owns 7,429 shares of the computer hardware maker’s stock worth $805,000 after purchasing an additional 1,801 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Company Profile

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.