NVIDIA (NASDAQ:NVDA) Stock Price Down 6.7% – Time to Sell?

NVIDIA Co. (NASDAQ:NVDA)’s share price fell 6.7% on Friday . The company traded as low as $92.11 and last traded at $95.02. 184,113,955 shares were traded during trading, a decline of 41% from the average session volume of 312,387,726 shares. The stock had previously closed at $101.80.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NVDA. Wedbush reissued an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a research note on Thursday, February 20th. Truist Financial boosted their target price on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Bank of America reissued a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Five analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.89.

NVIDIA Stock Down 6.1 %

The company has a fifty day moving average of $122.16 and a 200 day moving average of $131.11. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.33 trillion, a P/E ratio of 37.62, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

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

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s dividend payout ratio is currently 1.36%.

Insider Activity

In related news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 183,609 shares of company stock worth $22,642,615 over the last ninety days. Corporate insiders own 4.23% of the company’s stock.

Institutional Trading of NVIDIA

Large investors have recently made changes to their positions in the business. Kings Path Partners LLC increased its stake in NVIDIA by 1,000.0% during the first quarter. Kings Path Partners LLC now owns 11,000 shares of the computer hardware maker’s stock worth $1,192,000 after acquiring an additional 10,000 shares during the last quarter. Farmers Trust Co. raised its holdings in NVIDIA by 1.9% during the 1st quarter. Farmers Trust Co. now owns 6,541 shares of the computer hardware maker’s stock valued at $709,000 after buying an additional 125 shares during the period. Moody National Bank Trust Division lifted its position in NVIDIA by 0.6% in the first quarter. Moody National Bank Trust Division now owns 302,517 shares of the computer hardware maker’s stock worth $32,787,000 after buying an additional 1,946 shares during the last quarter. Baring Financial LLC boosted its stake in NVIDIA by 24.7% during the first quarter. Baring Financial LLC now owns 13,107 shares of the computer hardware maker’s stock worth $1,421,000 after buying an additional 2,592 shares during the period. Finally, Versant Capital Management Inc lifted its stake in NVIDIA by 116.0% in the first quarter. Versant Capital Management Inc now owns 60,279 shares of the computer hardware maker’s stock worth $6,533,000 after purchasing an additional 32,374 shares during the last quarter. 65.27% of the stock is currently 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.