NVIDIA Co. (NASDAQ:NVDA) Given Consensus Rating of “Buy” by Analysts

NVIDIA Co. (NASDAQ:NVDAGet Rating) has been given an average recommendation of “Buy” by the thirty-four analysts that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $328.19.

A number of research firms have commented on NVDA. Summit Insights cut NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 17th. Credit Suisse Group reiterated a “buy” rating and issued a $400.00 price target on shares of NVIDIA in a research note on Friday, March 18th. Rosenblatt Securities restated a “buy” rating and issued a $400.00 price objective on shares of NVIDIA in a research note on Thursday, February 17th. Truist Financial reduced their price objective on NVIDIA from $347.00 to $298.00 in a research note on Friday, April 8th. Finally, The Goldman Sachs Group assumed coverage on NVIDIA in a report on Monday, March 7th. They set a “neutral” rating and a $245.00 target price on the stock.

NASDAQ:NVDA traded down $2.45 during midday trading on Friday, hitting $195.37. 316,453 shares of the company traded hands, compared to its average volume of 53,806,813. The firm’s fifty day moving average is $236.33 and its 200-day moving average is $260.62. The firm has a market capitalization of $569.06 billion, a P/E ratio of 51.17, a P/E/G ratio of 2.56 and a beta of 1.42. The company has a current ratio of 6.65, a quick ratio of 6.05 and a debt-to-equity ratio of 0.41. NVIDIA has a 12-month low of $134.59 and a 12-month high of $346.47.

NVIDIA (NASDAQ:NVDAGet Rating) last posted its quarterly earnings results on Wednesday, February 16th. The computer hardware maker reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.13. The business had revenue of $7.64 billion for the quarter, compared to the consensus estimate of $7.43 billion. NVIDIA had a return on equity of 42.99% and a net margin of 36.24%. The business’s revenue was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 EPS. On average, research analysts expect that NVIDIA will post 4.68 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 3rd were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, March 2nd. This represents a $0.16 annualized dividend and a dividend yield of 0.08%. NVIDIA’s dividend payout ratio is currently 4.16%.

In other NVIDIA news, CEO Jen Hsun Huang sold 292,340 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $237.12, for a total transaction of $69,319,660.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark L. Perry sold 16,716 shares of the company’s stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $263.80, for a total value of $4,409,680.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 409,056 shares of company stock valued at $101,135,342. Insiders own 4.47% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Barings LLC grew its holdings in shares of NVIDIA by 202.9% in the 3rd quarter. Barings LLC now owns 15,152 shares of the computer hardware maker’s stock worth $3,139,000 after acquiring an additional 10,149 shares during the period. Hartline Investment Corp grew its holdings in shares of NVIDIA by 295.0% in the 3rd quarter. Hartline Investment Corp now owns 243,631 shares of the computer hardware maker’s stock worth $50,471,000 after acquiring an additional 181,955 shares during the period. Ascension Asset Management LLC grew its holdings in NVIDIA by 300.0% during the 3rd quarter. Ascension Asset Management LLC now owns 19,540 shares of the computer hardware maker’s stock valued at $4,048,000 after buying an additional 14,655 shares during the last quarter. Franklin Resources Inc. grew its holdings in NVIDIA by 301.5% during the 3rd quarter. Franklin Resources Inc. now owns 11,338,772 shares of the computer hardware maker’s stock valued at $2,348,940,000 after buying an additional 8,514,931 shares during the last quarter. Finally, Quadrant Private Wealth Management LLC grew its holdings in NVIDIA by 287.6% during the 3rd quarter. Quadrant Private Wealth Management LLC now owns 18,050 shares of the computer hardware maker’s stock valued at $3,739,000 after buying an additional 13,393 shares during the last quarter. 63.84% of the stock is owned by institutional investors and hedge funds.

About NVIDIA (Get Rating)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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