NVIDIA (NASDAQ:NVDA) Stock Price Down 2.3% – What’s Next?

Shares of NVIDIA Co. ( NASDAQ:NVDA – Get Free Report ) fell 2.3% on Wednesday .

The stock traded as low as $133.83 and last traded at $134.29.



155,183,672 shares were traded during mid-day trading, a decline of 59% from the average session volume of 377,359,844 shares. The stock had previously closed at $137.49.

Wall Street Analyst Weigh In NVDA has been the subject of several recent research reports. Loop Capital reissued a “buy” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, November 20th.

Needham & Company LLC boosted their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st.

Redburn Atlantic started coverage on shares of NVIDIA in a research note on Tuesday, November 12th. They set a “buy” rating and a $178.00 target price for the company.

Rosenblatt Securities restated a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Monday, November 18th. Finally, Mizuho lifted their price objective on NVIDIA from $165.

00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock.

According to data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $164.15. View Our Latest Report on NVIDIA NVIDIA Stock Performance NVIDIA ( NASDAQ:NVDA – Get Free Report ) last issued its earnings results on Wednesday, November 20th.

The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.

12. The company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.

15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.

83%. NVIDIA’s quarterly revenue was up 93.6% compared to the same quarter last year.

During the same quarter in the prior year, the firm posted $0.38 EPS. Sell-side analysts predict that NVIDIA Co.

will post 2.78 earnings per share for the current fiscal year. NVIDIA Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th.

Investors of record on Thursday, December 5th were issued a $0.01 dividend. The ex-dividend date was Thursday, December 5th.

This represents a $0.04 dividend on an annualized basis and a yield of 0.03%.

NVIDIA’s dividend payout ratio is presently 1.57%. Insiders Place Their Bets In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction that occurred on Friday, December 13th.

The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00.

Following the completion of the transaction, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. This trade represents a 1.

95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link . Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th.

The stock was sold at an average price of $131.26, for a total value of $131,260,000.00.

Following the sale, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.

37 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold 1,226,886 shares of company stock worth $161,499,400 in the last three months.

4.23% of the stock is owned by company insiders. Institutional Investors Weigh In On NVIDIA Hedge funds have recently bought and sold shares of the business.

Geode Capital Management LLC lifted its holdings in shares of NVIDIA by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker’s stock valued at $66,101,133,000 after acquiring an additional 11,525,969 shares during the last quarter.

Legal & General Group Plc lifted its stake in shares of NVIDIA by 884.0% in the 2nd quarter. Legal & General Group Plc now owns 213,127,959 shares of the computer hardware maker’s stock valued at $26,329,751,000 after purchasing an additional 191,469,114 shares during the last quarter.

Bank of New York Mellon Corp boosted its holdings in shares of NVIDIA by 854.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 182,622,629 shares of the computer hardware maker’s stock worth $22,561,200,000 after purchasing an additional 163,482,580 shares during the period.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NVIDIA by 3.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker’s stock valued at $21,908,236,000 after purchasing an additional 6,526,200 shares during the last quarter.

Finally, Charles Schwab Investment Management Inc. raised its holdings in NVIDIA by 1.4% during the 3rd quarter.

Charles Schwab Investment Management Inc. now owns 146,069,090 shares of the computer hardware maker’s stock valued at $17,738,630,000 after buying an additional 2,042,348 shares during the period. Hedge funds and other institutional investors own 65.

27% of the company’s stock. About NVIDIA ( Get Free Report ) 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.

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