Shares of NVIDIA Corporation (NASDAQ:NVDA – Get Free Report) shot up 6% during trading on Wednesday . The stock traded as high as $208.27 and last traded at $208.2030. 185,184,874 shares changed hands during trading, an increase of 8% from the average session volume of 171,469,203 shares. The stock had previously closed at $196.50.
More NVIDIA News
Here are the key news stories impacting NVIDIA this week:
- Positive Sentiment: NVIDIA announced Suzanne Nora Johnson, former Goldman Sachs vice chairman, will join its board in July, a move that adds high-profile governance and financial expertise. NVIDIA Names Suzanne Nora Johnson to Board of Directors
- Positive Sentiment: The company expanded its AI infrastructure footprint with a strategic partnership and potential $2.1 billion investment in IREN, tied to up to 5 gigawatts of AI data-center capacity. Nvidia to invest up to $2.1 billion in IREN as part of AI data center deal
- Positive Sentiment: NVIDIA also struck a major partnership with Corning to expand U.S. optical fiber manufacturing for AI data centers, reinforcing demand for its hardware and networking stack. Nvidia funds construction of Corning plants, in addition to equity investment
- Positive Sentiment: Several reports highlighted continued enterprise AI adoption and upbeat commentary on NVIDIA’s long-term growth, including a view that the stock still has room to run ahead of earnings later this month. NVIDIA (NVDA) Gains Another Enterprise AI Win As Adoption Continues To Expand
- Neutral Sentiment: Some articles framed NVIDIA as expensive or underperforming relative to the semiconductor group, suggesting investors are watching for whether recent gains can hold through earnings and broader sector rotation. Here’s just how much Nvidia has been left behind in the extreme semiconductor rally
- Negative Sentiment: Reports about suspected smuggling of NVIDIA chips to China through Thailand add regulatory and geopolitical risk around the company’s supply chain and international sales exposure. US suspects Nvidia chips smuggled to Alibaba via Thailand, Bloomberg News reports
- Negative Sentiment: One recurring concern is that capital and investor attention are spreading across other AI names like Intel, AMD, Micron, and memory suppliers, which could temper NVIDIA’s relative performance even if AI demand stays strong. Wall Street sees ‘changing of the guard in AI’ as Intel, AMD shares soar while Nvidia lags
Analysts Set New Price Targets
NVDA has been the subject of a number of analyst reports. William Blair set a $300.00 price objective on shares of NVIDIA in a research note on Thursday, March 12th. BTIG Research assumed coverage on shares of NVIDIA in a research note on Wednesday, April 15th. They issued a “buy” rating on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of NVIDIA in a report on Thursday. Fundamental Research set a $218.00 target price on shares of NVIDIA in a research report on Thursday, February 26th. Finally, Benchmark restated a “buy” rating and set a $250.00 price target on shares of NVIDIA in a report on Tuesday, March 31st. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Buy” and an average price target of $275.25.
NVIDIA Trading Up 1.7%
The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91. The company’s 50 day moving average is $187.59 and its 200 day moving average is $186.68. The stock has a market capitalization of $5.23 trillion, a price-to-earnings ratio of 43.90, a PEG ratio of 0.70 and a beta of 2.25.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.08. The company had revenue of $68.13 billion for the quarter, compared to analyst estimates of $65.56 billion. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The business’s quarterly revenue was up 73.2% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS. On average, research analysts forecast that NVIDIA Corporation will post 7.78 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Wednesday, March 11th. NVIDIA’s payout ratio is currently 0.82%.
Insider Transactions at NVIDIA
In other news, Director Mark A. Stevens sold 221,682 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $173.68, for a total transaction of $38,501,729.76. Following the sale, the director directly owned 7,399,771 shares in the company, valued at approximately $1,285,192,227.28. The trade was a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 42,650 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $174.89, for a total value of $7,459,058.50. Following the completion of the transaction, the chief financial officer owned 881,387 shares of the company’s stock, valued at $154,145,772.43. The trade was a 4.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 906,336 shares of company stock worth $162,802,518. 4.17% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On NVIDIA
Several institutional investors and hedge funds have recently bought and sold shares of the business. PMG Family Office LLC bought a new stake in NVIDIA in the 3rd quarter valued at approximately $2,150,000. Oak Ridge Investments LLC grew its stake in shares of NVIDIA by 2.2% during the 3rd quarter. Oak Ridge Investments LLC now owns 970,860 shares of the computer hardware maker’s stock worth $181,143,000 after acquiring an additional 20,559 shares in the last quarter. Weaver Capital Management LLC raised its holdings in shares of NVIDIA by 5.5% in the fourth quarter. Weaver Capital Management LLC now owns 85,216 shares of the computer hardware maker’s stock valued at $15,893,000 after purchasing an additional 4,439 shares during the last quarter. Circle Wealth Management LLC raised its holdings in shares of NVIDIA by 16.1% in the third quarter. Circle Wealth Management LLC now owns 107,787 shares of the computer hardware maker’s stock valued at $20,111,000 after purchasing an additional 14,936 shares during the last quarter. Finally, Sunburst Financial Group LLC lifted its position in shares of NVIDIA by 11.3% in the fourth quarter. Sunburst Financial Group LLC now owns 42,515 shares of the computer hardware maker’s stock worth $7,929,000 after purchasing an additional 4,300 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.
NVIDIA Company Profile
NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.
The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.
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