NVIDIA Co. Shares (NASDAQ: NVDA – Get a free report) have been given an average rating of “moderate buy” by the thirty-eight brokerages that currently cover the business, MarketBeat.com reports. One research analyst rated the stock with a sell recommendation, five gave the company a hold recommendation, thirty-one gave the company a buy recommendation and one gave the company a strong buy recommendation. The 12-month average price target among brokerages that have issued ratings on the stock over the past year is $421.58.
A number of equity analysts have recently commented on NVDA shares. Craig Hallum moved NVIDIA from a “hold” rating to a “buy” rating and set a target price of $500.00 for the company in a Thursday, May 25 report. Daiwa Capital Markets upgraded NVIDIA from a “neutral” rating to an “outperforming” rating and raised its price target for the stock from $408.00 to $475.00 in a Thursday, June 29 research note. Mizuho raised its price target on NVIDIA from $290.00 to $400.00 in a Thursday, May 25 research note. Truist Financial raised its price target on NVIDIA from $470.00 to $545.00 and gave the stock a “buy” rating in a Friday, July 14 research note. Finally, HSBC upgraded NVIDIA from a “reduce” rating to a “buy” rating and raised its price target for the stock from $175.00 to $355.00 in a Tuesday, April 18 research note.
Insider Buying and Selling at NVIDIA
In other news, Director Cox tench sold 100,000 shares of the company in a transaction dated Friday, May 26. The stock was sold at an average price of $379.00, for a total value of $37,900,000.00. Following the sale, the administrator now owns 3,397,136 shares of the company, valued at $1,287,514,544. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. In other news, Director Cox tench sold 100,000 shares of the company in a transaction dated Friday, May 26. The stock was sold at an average price of $379.00, for a total value of $37,900,000.00. Following the sale, the administrator now owns 3,397,136 shares of the company, valued at $1,287,514,544. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Also, CFO Colette Kress sold 6,124 shares of the company in a transaction dated Tuesday, May 30. The stock was sold at an average price of $406.51, for a total value of $2,489,467.24. Following the completion of the sale, the CFO now owns 538,745 shares of the company, valued at approximately $219,005,229.95. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 368,271 shares of the company worth $147,115,953. 3.99% of the shares are currently held by insiders.
Hedge funds weigh on NVIDIA
Major investors have recently been buying and selling shares of the company. Contravisory Investment Management Inc. acquired a new position in NVIDIA in Q1 worth approximately $28,000. Nordwand Advisors LLC acquired a new position in NVIDIA in Q1 worth approximately $28,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in NVIDIA in Q4 worth approximately $34,000. Quarry LP acquired a new position in NVIDIA in Q1 worth approximately $34,000. Finally, Financial Connections Group Inc. increased its stake in NVIDIA shares by 605.7% during the fourth quarter. Financial Connections Group Inc. now owns 247 shares of the hardware maker valued at $36,000 after acquiring 212 additional shares in the last quarter. Institutional investors and hedge funds hold 64.00% of the company’s shares.
NVIDIA price performance
Shares of NVIDIA Stock opened at $443.09 on Friday. The stock has a market cap of $1.09 trillion, a price-to-earnings ratio of 230.78, a growth price-to-earnings ratio of 3.14 and a beta of 1.74. The company has a debt ratio of 0.40, a quick ratio of 2.79 and a current ratio of 3.43. The stock has a 50-day moving average price of $400.42 and a 200-day moving average price of $293.38. NVIDIA has a one-year low of $108.13 and a one-year high of $480.88.
NVIDIA (NASDAQ: NVDA – Get a free report) last announced its results on Wednesday, May 24. The hardware maker reported EPS of $1.09 for the quarter, beating analyst consensus estimates of $0.92 by $0.17. The company posted revenue of $7.19 billion in the quarter, compared to $6.52 billion expected by analysts. NVIDIA had a return on equity of 23.63% and a net margin of 18.52%. The company’s quarterly revenue was down 13.2% year over year. In the same quarter of the previous year, the company achieved EPS of $1.18. Stock analysts expect NVIDIA to post EPS of 6.43 for the current year.
NVIDIA announces dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 30. Shareholders of record on Thursday, June 8 received a dividend of $0.04 per share. The ex-dividend date was Wednesday, June 7. This represents an annualized dividend of $0.16 and a yield of 0.04%. NVIDIA’s payout ratio is currently 8.33%.
About NVIDIA
NVIDIA Corporation provides graphics, computing, and networking solutions in the United States, Taiwan, China, and around the world. 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 GPU for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for creating 3D designs and virtual worlds.
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