This afternoon we watched NVIDIA drop -1.1% to a price of $387.55 per share. The large-cap Semiconductors company is now trading -14.18% below its average target price of $451.57. Analysts have set target prices ranging from $244.8 to $644.8 per share for NVIDIA, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.2%, and a short ratio of 0.78. The company's insiders own 4.18% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 68.1% of NVIDIA's shares being owned by this investor type.
Institutions Invested in NVIDIA
Date Reported | Holder | Percentage | Shares | Value |
---|---|---|---|---|
2023-03-31 | Vanguard Group, Inc. (The) | 8% | 205,657,169 | $79,701,548,397 |
2023-03-31 | Blackrock Inc. | 7% | 183,689,801 | $71,188,189,721 |
2023-03-31 | FMR, LLC | 6% | 136,417,312 | $52,867,940,599 |
2023-03-31 | State Street Corporation | 4% | 91,541,283 | $35,476,429,209 |
2023-03-31 | Price (T.Rowe) Associates Inc | 2% | 56,463,835 | $21,882,315,602 |
2023-03-31 | Geode Capital Management, LLC | 2% | 46,056,013 | $17,848,809,097 |
2023-03-31 | JP Morgan Chase & Company | 1% | 30,084,950 | $11,659,292,550 |
2023-03-31 | Bank of America Corporation | 1% | 27,871,101 | $10,801,324,923 |
2023-03-31 | Morgan Stanley | 1% | 27,071,515 | $10,491,448,819 |
2023-03-31 | Northern Trust Corporation | 1% | 26,708,725 | $10,350,851,120 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on NVIDIA.