NVIDIA Co. (NASDAQ:NVDA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of NVIDIA Co. (NASDAQ:NVDAGet Free Report) have been given an average recommendation of “Moderate Buy” by the thirty-nine ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, thirty-six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $555.70.

A number of analysts have recently commented on NVDA shares. Oppenheimer boosted their price objective on shares of NVIDIA from $500.00 to $650.00 and gave the stock an “outperform” rating in a research report on Thursday, August 24th. Barclays upped their target price on NVIDIA from $600.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, August 24th. Raymond James upped their target price on NVIDIA from $500.00 to $600.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 24th. Wolfe Research upped their price target on shares of NVIDIA from $570.00 to $630.00 and gave the stock an “outperform” rating in a research report on Thursday, August 24th. Finally, Morgan Stanley upped their price target on shares of NVIDIA from $500.00 to $630.00 and gave the stock an “overweight” rating in a research report on Thursday, August 24th.

Check Out Our Latest Research Report on NVDA

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 78,602 shares of NVIDIA stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $430.50, for a total value of $33,838,161.00. Following the transaction, the director now directly owns 1,092,286 shares of the company’s stock, valued at $470,229,123. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Mark A. Stevens sold 78,602 shares of the business’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $430.50, for a total value of $33,838,161.00. Following the transaction, the director now owns 1,092,286 shares in the company, valued at $470,229,123. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $486.40, for a total value of $14,440,243.20. Following the completion of the transaction, the chief executive officer now directly owns 7,800,125 shares in the company, valued at $3,793,980,800. The disclosure for this sale can be found here. Insiders have sold a total of 324,536 shares of company stock valued at $140,336,278 over the last ninety days. 3.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVIDIA

Institutional investors have recently made changes to their positions in the stock. David J Yvars Group raised its holdings in shares of NVIDIA by 1.5% in the 1st quarter. David J Yvars Group now owns 11,708 shares of the computer hardware maker’s stock worth $3,252,000 after acquiring an additional 168 shares during the last quarter. Telos Capital Management Inc. grew its holdings in NVIDIA by 48.1% during the first quarter. Telos Capital Management Inc. now owns 4,560 shares of the computer hardware maker’s stock worth $1,267,000 after buying an additional 1,482 shares in the last quarter. Personal Capital Advisors Corp raised its position in NVIDIA by 29.9% in the 4th quarter. Personal Capital Advisors Corp now owns 622,700 shares of the computer hardware maker’s stock valued at $91,001,000 after buying an additional 143,483 shares during the last quarter. Alta Wealth Advisors LLC lifted its stake in NVIDIA by 14.9% during the 1st quarter. Alta Wealth Advisors LLC now owns 6,650 shares of the computer hardware maker’s stock valued at $1,847,000 after acquiring an additional 863 shares in the last quarter. Finally, Inscription Capital LLC boosted its holdings in NVIDIA by 1.3% during the 1st quarter. Inscription Capital LLC now owns 9,643 shares of the computer hardware maker’s stock worth $2,679,000 after acquiring an additional 127 shares during the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $455.72 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.37 and a current ratio of 2.79. NVIDIA has a twelve month low of $108.13 and a twelve month high of $502.66. The firm’s 50 day moving average price is $452.59 and its two-hundred day moving average price is $359.24. The firm has a market cap of $1.13 trillion, a P/E ratio of 110.08, a PEG ratio of 3.71 and a beta of 1.74.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.62. The company had revenue of $13.51 billion for the quarter, compared to analyst estimates of $11.19 billion. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. The company’s quarterly revenue was up 101.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. On average, analysts forecast that NVIDIA will post 9.24 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 7th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date is Wednesday, September 6th. NVIDIA’s dividend payout ratio is currently 3.86%.

NVIDIA Company Profile

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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.

Further Reading

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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