NVIDIA Corporation (NASDAQ:NVDA) Receives $271.58 Average Price Target from Brokerages

Shares of NVIDIA Corporation (NASDAQ:NVDAGet Free Report) have been assigned a consensus rating of “Buy” from the fifty-three analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, forty-seven have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $273.4133.

NVDA has been the topic of a number of research analyst reports. Robert W. Baird boosted their target price on shares of NVIDIA from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Tigress Financial reissued a “strong-buy” rating and issued a $350.00 target price (up from $280.00) on shares of NVIDIA in a research report on Thursday, December 18th. KeyCorp restated an “overweight” rating and issued a $275.00 target price on shares of NVIDIA in a research note on Monday, February 23rd. William Blair reiterated an “outperform” rating on shares of NVIDIA in a research note on Tuesday, January 6th. Finally, Rosenblatt Securities boosted their price objective on NVIDIA from $245.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, February 26th.

Check Out Our Latest Report on NVIDIA

Insider Buying and Selling at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $177.33, for a total value of $44,332,500.00. Following the completion of the transaction, the director directly owned 6,933,280 shares of the company’s stock, valued at approximately $1,229,478,542.40. This trade represents a 3.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 200,000 shares of the business’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $180.04, for a total transaction of $36,008,000.00. Following the sale, the executive vice president directly owned 3,618,547 shares in the company, valued at $651,483,201.88. The trade was a 5.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,598,120 shares of company stock valued at $289,278,314. 4.17% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NVDA. Brighton Jones LLC grew its position in NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after buying an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after purchasing an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE lifted its position in NVIDIA by 6.7% during the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after purchasing an additional 3,653 shares during the last quarter. Hudson Value Partners LLC grew its stake in NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after buying an additional 11,900 shares in the last quarter. Finally, Wealth Group Ltd. increased its holdings in shares of NVIDIA by 15.7% in the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock worth $715,000 after buying an additional 896 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

NVIDIA Stock Performance

Shares of NVDA opened at $180.05 on Friday. The stock has a 50 day moving average of $186.23 and a 200 day moving average of $183.88. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. NVIDIA has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a market capitalization of $4.38 trillion, a price-to-earnings ratio of 36.74, a PEG ratio of 0.62 and a beta of 2.33.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.08. The firm had revenue of $68.13 billion during the quarter, compared to analyst estimates of $65.56 billion. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The business’s revenue was up 73.2% compared to the same quarter last year. During the same period last year, the firm posted $0.89 EPS. As a group, sell-side analysts forecast that NVIDIA will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio is 0.82%.

About NVIDIA

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NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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