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

NVIDIA Co. (NASDAQ:NVDA) has received an average rating of “Moderate Buy” from the forty-four analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $164.96.

Several research firms have recently weighed in on NVDA. Barclays lowered their price target on NVIDIA from $175.00 to $155.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research report on Wednesday, March 19th. Morgan Stanley reduced their price target on shares of NVIDIA from $162.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a report on Wednesday. Finally, Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a report on Wednesday, April 16th.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last ninety days. Company insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Patton Albertson Miller Group LLC boosted its stake in NVIDIA by 3.2% in the 1st quarter. Patton Albertson Miller Group LLC now owns 294,026 shares of the computer hardware maker’s stock worth $31,867,000 after purchasing an additional 9,253 shares in the last quarter. Independent Wealth Network Inc. increased its holdings in shares of NVIDIA by 2.7% in the first quarter. Independent Wealth Network Inc. now owns 24,668 shares of the computer hardware maker’s stock valued at $2,674,000 after purchasing an additional 659 shares during the period. Burling Wealth Partners LLC raised its stake in shares of NVIDIA by 10.4% in the first quarter. Burling Wealth Partners LLC now owns 95,817 shares of the computer hardware maker’s stock worth $10,385,000 after purchasing an additional 9,016 shares during the last quarter. Retirement Planning Co of New England Inc. lifted its holdings in shares of NVIDIA by 95.5% during the first quarter. Retirement Planning Co of New England Inc. now owns 111,245 shares of the computer hardware maker’s stock worth $12,057,000 after purchasing an additional 54,349 shares during the period. Finally, RWQ Financial Management Services Inc. boosted its position in NVIDIA by 24.6% in the first quarter. RWQ Financial Management Services Inc. now owns 183,797 shares of the computer hardware maker’s stock valued at $19,920,000 after buying an additional 36,261 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Up 2.6 %

Shares of NASDAQ:NVDA opened at $114.50 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA has a 1 year low of $86.62 and a 1 year high of $195.95. The company has a market cap of $2.79 trillion, a P/E ratio of 45.06, a PEG ratio of 1.76 and a beta of 1.96. The stock’s fifty day moving average price is $110.85 and its 200-day moving average price is $128.19.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. Sell-side analysts expect that NVIDIA will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

About NVIDIA

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.