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

Shares of NVIDIA Co. (NASDAQ:NVDAGet Free Report) have been given an average rating of “Moderate Buy” by the forty-three analysts that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, thirty-eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $116.90.

A number of equities analysts recently commented on NVDA shares. Stifel Nicolaus increased their price target on NVIDIA from $91.00 to $108.50 and gave the company a “buy” rating in a research note on Monday, May 20th. DZ Bank lowered NVIDIA from a “buy” rating to a “hold” rating and set a $102.50 target price for the company. in a research report on Friday, May 24th. Wells Fargo & Company boosted their price objective on NVIDIA from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. KeyCorp lifted their target price on NVIDIA from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Finally, DA Davidson boosted their target price on shares of NVIDIA from $41.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd.

Get Our Latest Stock Report on NVIDIA

Insider Buying and Selling at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $91.16, for a total value of $410,229.00. Following the completion of the transaction, the insider now owns 498,150 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Debora Shoquist sold 150,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $115.16, for a total transaction of $17,273,850.00. Following the completion of the sale, the executive vice president now owns 1,553,630 shares of the company’s stock, valued at $178,914,477.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $91.16, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now directly owns 498,150 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 1,297,870 shares of company stock valued at $248,210,038. Corporate insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of large investors have recently modified their holdings of NVDA. Vanguard Group Inc. boosted its position in shares of NVIDIA by 4.3% during the 1st 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. Norges Bank purchased a new stake in shares of NVIDIA during the 4th quarter valued at approximately $14,606,369,000. Northern Trust Corp lifted its holdings in NVIDIA by 3.6% in the third quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock valued at $11,445,211,000 after acquiring an additional 910,009 shares during the last quarter. International Assets Investment Management LLC grew its position in NVIDIA by 54,019.5% in the fourth 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 acquiring an additional 16,835,703 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in NVIDIA by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,586,595 shares of the computer hardware maker’s stock worth $6,728,354,000 after acquiring an additional 388,851 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 1.8 %

Shares of NVIDIA stock opened at $131.88 on Wednesday. NVIDIA has a 1-year low of $39.23 and a 1-year high of $132.84. The company’s fifty day simple moving average is $97.83 and its 200-day simple moving average is $78.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14. The stock has a market capitalization of $3.24 trillion, a PE ratio of 77.12, a P/E/G ratio of 1.39 and a beta of 1.70.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.10. The company had revenue of $26.04 billion during the quarter, compared to analyst estimates of $24.59 billion. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The firm’s quarterly revenue was up 262.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 EPS. As a group, equities analysts anticipate that NVIDIA will post 2.52 earnings per share for the current year.

NVIDIA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.04. The ex-dividend date is Tuesday, June 11th. NVIDIA’s payout ratio is 2.34%.

About NVIDIA

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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.

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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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