NVIDIA (NASDAQ:NVDA) Trading Down 1.8% – Should You Sell?

NVIDIA Corporation (NASDAQ:NVDA) shares were down 1.8% during mid-day trading on Wednesday . The company traded as low as $194.65 and last traded at $195.21. Approximately 166,722,856 shares were traded during trading, a decline of 26% from the average daily volume of 225,984,766 shares. The stock had previously closed at $198.69.

Analyst Ratings Changes

A number of analysts have recently issued reports on NVDA shares. New Street Research restated a “buy” rating and set a $307.00 price objective on shares of NVIDIA in a research report on Thursday, October 30th. BNP Paribas upgraded NVIDIA to a “hold” rating in a research report on Friday, August 1st. Loop Capital boosted their price objective on NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday. Mizuho set a $235.00 price objective on NVIDIA in a research report on Wednesday, October 29th. Finally, Wolfe Research set a $230.00 price target on NVIDIA and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $233.75.

NVIDIA Stock Down 1.8%

The business has a 50-day simple moving average of $182.72 and a two-hundred day simple moving average of $161.48. The stock has a market capitalization of $4.74 trillion, a P/E ratio of 55.62, a PEG ratio of 1.49 and a beta of 2.12. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

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

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders 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 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s payout ratio is currently 1.14%.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total value of $12,723,750.00. Following the transaction, the chief executive officer owned 72,698,366 shares of the company’s stock, valued at approximately $12,333,277,791.90. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,503,937 shares of company stock valued at $627,687,846. 4.17% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NVIDIA

Institutional investors and hedge funds have recently bought and sold shares of the business. Harbor Asset Planning Inc. acquired a new position in shares of NVIDIA during the second quarter valued at $28,000. Winnow Wealth LLC acquired a new position in shares of NVIDIA during the second quarter valued at $32,000. Longfellow Investment Management Co. LLC lifted its stake in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after acquiring an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new position in shares of NVIDIA during the second quarter valued at $40,000. Finally, Kathleen S. Wright Associates Inc. lifted its stake in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 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.