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

NVIDIA Co. (NASDAQ:NVDA) 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

A number of equities research analysts recently weighed in on NVDA shares. Stifel Nicolaus lifted their price objective on shares of NVIDIA from $91.00 to $108.50 and gave the company a “buy” rating in a research note on Monday, May 20th. Oppenheimer reiterated an “outperform” rating and issued a $110.00 price target on shares of NVIDIA in a research report on Thursday, May 23rd. Sanford C. Bernstein boosted their price target on shares of NVIDIA from $100.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. The Goldman Sachs Group boosted their price target on shares of NVIDIA from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Finally, Truist Financial boosted their price target on shares of NVIDIA from $117.70 to $128.80 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Five analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.77.

NVIDIA Trading Down 3.2 %

The firm has a market cap of $3.11 trillion, a P/E ratio of 74.02, a PEG ratio of 1.38 and a beta of 1.70. The company has a 50 day moving average of $102.25 and a 200 day moving average of $80.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.14 and a current ratio of 3.53.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 EPS for the quarter, beating the consensus estimate of $0.51 by $0.10. The business had revenue of $26.04 billion during 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 quarterly revenue was up 262.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS. Analysts predict that NVIDIA Co. will post 2.52 EPS for the current fiscal year.

NVIDIA Increases Dividend

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

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 1,280 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $94.00, for a total transaction of $120,320.00. Following the completion of the sale, the director now owns 20,550 shares of the company’s stock, valued at $1,931,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $128.74, for a total value of $15,448,800.00. Following the completion of the sale, the chief executive officer now directly owns 81,358,830 shares of the company’s stock, valued at $10,474,135,774.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Dabiri sold 1,280 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were 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 of the company’s stock, valued at $1,931,700. The disclosure for this sale can be found here. Insiders sold 1,413,370 shares of company stock valued at $263,248,609 over the last 90 days. 4.23% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NVIDIA

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of NVIDIA by 4.3% in 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 purchasing an additional 8,828,050 shares in the last quarter. Norges Bank acquired a new position in shares of NVIDIA in the fourth quarter valued at $14,606,369,000. Northern Trust Corp raised its stake in shares of NVIDIA by 3.6% in the third quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock valued at $11,445,211,000 after purchasing an additional 910,009 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of NVIDIA by 54,019.5% in the fourth 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 purchasing an additional 16,835,703 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of NVIDIA by 2.9% in the fourth 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 purchasing an additional 388,851 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

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.