NVIDIA Corporation (NASDAQ:NVDA) Given Average Recommendation of “Buy” by Analysts

NVIDIA Corporation (NASDAQ:NVDAGet Free Report) has received a consensus rating of “Buy” from the fifty-four ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, forty-eight have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $305.6660.

A number of research analysts recently weighed in on the company. Tigress Financial reissued a “strong-buy” rating and set a $425.00 target price (up from $360.00) on shares of NVIDIA in a report on Wednesday, May 27th. New Street Research decreased their target price on NVIDIA from $343.00 to $340.00 in a report on Thursday, May 21st. Citic Securities boosted their target price on NVIDIA from $242.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Susquehanna reissued a “positive” rating and set a $275.00 target price (up from $250.00) on shares of NVIDIA in a report on Tuesday, May 12th. Finally, Benchmark reissued a “buy” rating and set a $335.00 target price (up from $250.00) on shares of NVIDIA in a report on Thursday, May 21st.

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NVIDIA Stock Down 6.2%

NVDA stock opened at $205.10 on Friday. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $4.96 trillion, a PE ratio of 31.41, a PEG ratio of 0.46 and a beta of 2.22. NVIDIA has a 1-year low of $140.85 and a 1-year high of $236.54. The business’s 50 day simple moving average is $203.37 and its 200 day simple moving average is $190.55.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. The business had revenue of $81.62 billion for the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm’s revenue was up 85.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 EPS. As a group, research analysts anticipate that NVIDIA will post 8.61 EPS for the current year.

NVIDIA declared that its Board of Directors has approved a share repurchase plan on Wednesday, May 20th that permits the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

NVIDIA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s payout ratio is currently 15.31%.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

Insider Transactions at NVIDIA

In other NVIDIA news, Director Aarti S. Shah sold 19,000 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $176.71, for a total value of $3,357,490.00. Following the transaction, the director directly owned 36,007 shares of the company’s stock, valued at $6,362,796.97. This represents a 34.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Stephen C. Neal sold 15,500 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the transaction, the director directly owned 116,135 shares in the company, valued at approximately $25,053,803.55. This represents a 11.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,922,461 shares of company stock worth $387,385,083. 3.94% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in NVIDIA by 1.2% in the 4th quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker’s stock valued at $184,911,111,000 after buying an additional 11,451,386 shares in the last quarter. Geode Capital Management LLC grew its holdings in NVIDIA by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker’s stock valued at $109,446,217,000 after buying an additional 3,383,441 shares in the last quarter. Norges Bank bought a new stake in shares of NVIDIA during the 4th quarter valued at $62,244,133,000. Bank of America Corp DE lifted its position in shares of NVIDIA by 2.1% during the 1st quarter. Bank of America Corp DE now owns 191,200,989 shares of the computer hardware maker’s stock valued at $33,345,453,000 after acquiring an additional 4,019,505 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of NVIDIA by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker’s stock valued at $33,808,862,000 after acquiring an additional 2,609,560 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

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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