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

NVIDIA Co. (NASDAQ:NVDA) has been assigned an average rating of “Moderate Buy” from the forty-four analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, thirty-three have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $167.53.

A number of equities research analysts have commented on NVDA shares. DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Barclays reduced their target price on shares of NVIDIA from $175.00 to $155.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. DA Davidson lowered their price target on shares of NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Summit Insights cut shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, TD Cowen reduced their price objective on NVIDIA from $175.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th.

NVIDIA Trading Up 3.2%

NVDA stock opened at $135.50 on Wednesday. The business has a fifty day moving average price of $114.51 and a 200 day moving average price of $126.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The stock has a market capitalization of $3.31 trillion, a price-to-earnings ratio of 53.33, a P/E/G ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. Analysts expect that NVIDIA will post 2.77 EPS for the current fiscal year.

Insider Activity

In related news, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 in the last 90 days. Corporate insiders own 4.17% of the company’s stock.

Institutional Trading of NVIDIA

A number of institutional investors have recently modified their holdings of NVDA. Tacita Capital Inc bought a new stake in shares of NVIDIA in the fourth quarter worth $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the 4th quarter valued at $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA during the 4th quarter worth about $40,000. Kathleen S. Wright Associates Inc. boosted its stake in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares during the last quarter. Finally, Copia Wealth Management acquired a new position in shares of NVIDIA during the 4th quarter worth about $50,000. 65.27% of the stock is currently owned by institutional investors.

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.