NVIDIA Co. (NASDAQ:NVDA – Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $842.48 and last traded at $842.48, with a volume of 1505136 shares changing hands. The stock had previously closed at $822.79.
Analyst Upgrades and Downgrades
NVDA has been the topic of a number of recent research reports. Wolfe Research upped their target price on NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. DA Davidson upped their target price on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Stifel Nicolaus boosted their price target on NVIDIA from $865.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Loop Capital assumed coverage on NVIDIA in a report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price target for the company. Finally, Jefferies Financial Group boosted their price target on NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $824.90.
Check Out Our Latest Stock Analysis on NVDA
NVIDIA Trading Up 2.1 %
The firm has a market capitalization of $2.10 trillion, a PE ratio of 68.91, a PEG ratio of 1.27 and a beta of 1.73. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average price of $627.63 and a two-hundred day moving average price of $518.13.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the company earned $0.65 EPS. NVIDIA’s revenue was up 265.3% on a year-over-year basis. Analysts expect that NVIDIA Co. will post 21.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date is Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.
Insider Buying and Selling
In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 10,400 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $481.60, for a total value of $5,008,640.00. Following the completion of the sale, the director now directly owns 979,431 shares in the company, valued at approximately $471,693,969.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,174 shares of company stock valued at $69,582,008. Corporate insiders own 3.99% of the company’s stock.
Institutional Investors Weigh In On NVIDIA
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Moody Lynn & Lieberson LLC grew its stake in NVIDIA by 7.2% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after buying an additional 5,998 shares during the last quarter. W Advisors LLC purchased a new position in NVIDIA during the 2nd quarter worth approximately $254,000. Affinity Capital Advisors LLC purchased a new position in NVIDIA during the 3rd quarter worth approximately $282,000. River Street Advisors LLC grew its stake in NVIDIA by 3.8% during the 3rd quarter. River Street Advisors LLC now owns 5,478 shares of the computer hardware maker’s stock worth $2,383,000 after buying an additional 203 shares during the last quarter. Finally, Truepoint Inc. grew its stake in NVIDIA by 259.9% during the 3rd quarter. Truepoint Inc. now owns 5,783 shares of the computer hardware maker’s stock worth $2,516,000 after buying an additional 4,176 shares during the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.
NVIDIA Company Profile
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. 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 GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
Further Reading
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