NVIDIA (NASDAQ:NVDA) Trading 0.1% Higher – Still a Buy?

NVIDIA Co. (NASDAQ:NVDA)’s share price was up 0.1% on Tuesday . The company traded as high as $140.54 and last traded at $138.72. Approximately 45,406,865 shares changed hands during trading, a decline of 88% from the average daily volume of 391,483,031 shares. The stock had previously closed at $138.63.

Wall Street Analyst Weigh In

Several research firms have commented on NVDA. Stifel Nicolaus raised their price objective on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Wedbush boosted their price target on NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Phillip Securities reiterated an “accumulate” rating and set a $160.00 price objective (up previously from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Robert W. Baird upped their target price on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Susquehanna lifted their price target on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA Stock Up 0.3 %

The business’s 50 day simple moving average is $136.05 and its 200 day simple moving average is $124.11. The company has a market capitalization of $3.41 trillion, a PE ratio of 54.59, a price-to-earnings-growth ratio of 2.50 and a beta of 1.64. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. During the same quarter last year, the business posted $0.38 EPS. The company’s revenue was up 93.6% on a year-over-year basis. As a group, analysts forecast that NVIDIA Co. will post 2.76 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

NVIDIA announced that its board has initiated a share repurchase program on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $105.33, for a total value of $12,639,600.00. Following the transaction, the chief executive officer now owns 75,895,836 shares in the company, valued at $7,994,108,405.88. The trade was a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Dabiri sold 716 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, the director now directly owns 19,942 shares of the company’s stock, valued at $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,916,986 shares of company stock valued at $227,311,199. Corporate insiders own 4.23% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NVDA. China Universal Asset Management Co. Ltd. lifted its position in shares of NVIDIA by 52.2% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 38,290 shares of the computer hardware maker’s stock worth $34,597,000 after purchasing an additional 13,135 shares during the last quarter. Shell Asset Management Co. boosted its position in shares of NVIDIA by 1.1% in the first quarter. Shell Asset Management Co. now owns 123,527 shares of the computer hardware maker’s stock valued at $111,614,000 after acquiring an additional 1,327 shares during the period. Fayez Sarofim & Co increased its position in NVIDIA by 16.4% during the first quarter. Fayez Sarofim & Co now owns 145,619 shares of the computer hardware maker’s stock worth $131,576,000 after acquiring an additional 20,467 shares during the period. Vident Advisory LLC raised its stake in NVIDIA by 30.4% during the 1st quarter. Vident Advisory LLC now owns 67,153 shares of the computer hardware maker’s stock valued at $60,678,000 after purchasing an additional 15,675 shares during the last quarter. Finally, Delap Wealth Advisory LLC boosted its holdings in NVIDIA by 383.6% in the 1st quarter. Delap Wealth Advisory LLC now owns 5,668 shares of the computer hardware maker’s stock valued at $5,121,000 after purchasing an additional 4,496 shares during the period. Institutional investors and hedge funds 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.