NVIDIA (NASDAQ:NVDA) Trading Down 3.6% – Here’s What Happened

by · The Markets Daily

NVIDIA Corporation (NASDAQ:NVDA – Get Free Report) shares dropped 3.6% during trading on Thursday . The company traded as low as $183.85 and last traded at $186.86. Approximately 205,582,318 shares were traded during trading, a decline of 9% from the average daily volume of 225,440,984 shares. The stock had previously closed at $193.80.

Analyst Ratings Changes

Several research analysts have recently weighed in on NVDA shares. Citigroup lifted their price objective on NVIDIA from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Seaport Global Securities reiterated a “sell” rating on shares of NVIDIA in a report on Wednesday, October 29th. UBS Group reissued a “buy” rating on shares of NVIDIA in a research note on Monday, November 10th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Finally, New Street Research reiterated a “buy” rating and set a $307.00 target price on shares of NVIDIA in a research report on Thursday, October 30th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $239.15.

Read Our Latest Research Report on NVIDIA

NVIDIA Stock Up 1.8%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The stock’s 50 day simple moving average is $185.60 and its 200 day simple moving average is $165.95. The firm has a market cap of $4.62 trillion, a P/E ratio of 54.18, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same period last year, the company earned $0.68 earnings per share. The business’s revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is 1.14%.

Insider Activity

In related news, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,251,577 shares of company stock worth $583,143,187 over the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Astoria Portfolio Advisors LLC. increased its stake in shares of NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock worth $9,610,000 after acquiring an additional 864 shares in the last quarter. Fielder Capital Group LLC grew its holdings in NVIDIA by 9.7% in the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock worth $5,470,000 after purchasing an additional 4,444 shares during the period. MADDEN SECURITIES Corp increased its stake in shares of NVIDIA by 3.2% during the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after purchasing an additional 2,484 shares in the last quarter. Sentinel Pension Advisors LLC increased its stake in shares of NVIDIA by 4.1% during the second quarter. Sentinel Pension Advisors LLC now owns 2,743 shares of the computer hardware maker’s stock valued at $433,000 after purchasing an additional 107 shares in the last quarter. Finally, ORG Wealth Partners LLC lifted its holdings in shares of NVIDIA by 7.7% during the second quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock valued at $7,560,000 after purchasing an additional 3,542 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Company Profile

(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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