NVIDIA (NASDAQ:NVDA) Stock Price Down 1% – Should You Sell?

NVIDIA Co. (NASDAQ:NVDA) dropped 1% during mid-day trading on Thursday . The stock traded as low as $136.79 and last traded at $137.84. Approximately 51,144,662 shares were traded during trading, a decline of 81% from the average daily volume of 263,640,875 shares. The stock had previously closed at $139.23.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Tuesday, January 7th. Piper Sandler increased their target price on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. TD Cowen increased their target price on NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Citigroup increased their target price on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Evercore ISI increased their target price on NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $168.21.

NVIDIA Trading Down 4.1 %

The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.29 trillion, a price-to-earnings ratio of 52.87, a PEG ratio of 1.76 and a beta of 1.62. The company has a fifty day moving average of $134.66 and a 200-day moving average of $131.14.

NVIDIA (NASDAQ:NVDA) 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 business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. As a group, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 in the last ninety days. Insiders own 4.23% of the company’s stock.

Institutional Trading of NVIDIA

Institutional investors have recently made changes to their positions in the company. Christopher J. Hasenberg Inc purchased a new stake in shares of NVIDIA during the 3rd quarter valued at approximately $27,000. Tacita Capital Inc purchased a new stake in NVIDIA in the fourth quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in NVIDIA in the second quarter valued at approximately $31,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA in the fourth quarter valued at approximately $34,000. Finally, West Financial Advisors LLC purchased a new stake in NVIDIA in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Company Profile

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.