NVIDIA Co. (NASDAQ:NVDA) Receives Average Rating of “Moderate Buy” from Analysts

NVIDIA Co. (NASDAQ:NVDA) has earned an average rating of “Moderate Buy” from the forty-two ratings firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, thirty-eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $1,002.18.

NVDA has been the subject of a number of recent analyst reports. TD Cowen upped their price target on NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. UBS Group lifted their price objective on shares of NVIDIA from $1,100.00 to $1,150.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Piper Sandler Companies raised their price target on NVIDIA to $850.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Wells Fargo & Company boosted their price target on NVIDIA from $970.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Finally, Sanford C. Bernstein increased their price target on NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,278 shares of company stock worth $52,689,898. 4.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in shares of NVIDIA in the fourth quarter valued at $14,606,369,000. International Assets Investment Management LLC increased its position in NVIDIA by 54,019.5% in the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after purchasing an additional 16,835,703 shares during the last quarter. Vanguard Group Inc. lifted its stake in NVIDIA by 4.3% in the first quarter. Vanguard Group Inc. now owns 213,335,626 shares of the computer hardware maker’s stock valued at $192,761,538,000 after acquiring an additional 8,828,050 shares during the last quarter. Global Assets Advisory LLC acquired a new position in NVIDIA during the first quarter worth $4,826,280,000. Finally, Swedbank AB acquired a new stake in NVIDIA in the 1st quarter worth approximately $3,922,733,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Down 0.5 %

Shares of NVDA opened at $949.50 on Friday. The stock’s 50-day moving average price is $886.29 and its 200 day moving average price is $696.36. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 79.52, a P/E/G ratio of 1.33 and a beta of 1.75. NVIDIA has a 12-month low of $298.06 and a 12-month high of $974.00.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 EPS for the quarter, topping the consensus estimate of $5.14 by $0.98. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. During the same quarter last year, the company earned $0.88 EPS. NVIDIA’s revenue was up 262.1% on a year-over-year basis. As a group, research analysts predict that NVIDIA will post 23.01 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be given a dividend of $0.10 per share. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 annualized dividend and a yield of 0.04%. NVIDIA’s payout ratio is presently 1.34%.

NVIDIA Company Profile

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.