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

Shares of NVIDIA Corporation (NASDAQ:NVDAGet Free Report) have earned an average recommendation of “Buy” from the fifty-three research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, forty-eight have assigned a buy rating and three have given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $304.2562.

A number of equities analysts have recently weighed in on NVDA shares. JPMorgan Chase & Co. upped their target price on NVIDIA from $265.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a report on Monday, June 29th. Morgan Stanley set a $288.00 price objective on shares of NVIDIA and gave the company an “overweight” rating in a research report on Thursday, May 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 price objective on shares of NVIDIA in a research note on Thursday, May 21st. Finally, Zacks Research upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th.

View Our Latest Stock Report on NVDA

Insider Buying and Selling

In related news, Director Stephen C. Neal sold 15,500 shares of NVIDIA stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the sale, the director owned 116,135 shares of the company’s stock, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 885,000 shares of NVIDIA stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total value of $186,000,450.00. Following the sale, the director directly owned 5,207,271 shares of the company’s stock, valued at approximately $1,094,412,146.07. The trade was a 14.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,901,125 shares of company stock worth $410,583,015. Corporate insiders own 3.94% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Several large investors have recently made changes to their positions in the company. Lifetime Wealth Management P.C. bought a new stake in NVIDIA in the fourth quarter worth approximately $26,000. Longview Financial Advisors Inc. bought a new position in shares of NVIDIA during the 1st quarter valued at $27,000. Longfellow Investment Management Co. LLC lifted its stake in shares of NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 67 shares during the last quarter. Phillip James Consulting Co. bought a new stake in NVIDIA in the first quarter worth $40,000. Finally, Spurstone Advisory Services LLC bought a new stake in NVIDIA in the second quarter worth $40,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $206.84 on Monday. The company has a market capitalization of $5.01 trillion, a price-to-earnings ratio of 31.68, a P/E/G ratio of 0.40 and a beta of 2.21. NVIDIA has a 1-year low of $164.07 and a 1-year high of $236.54. 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 stock’s fifty day simple moving average is $207.85 and its 200-day simple moving average is $195.86.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm had revenue of $81.61 billion during the quarter, compared to the consensus estimate of $78.42 billion. During the same period in the prior year, the business earned $0.81 EPS. The business’s revenue for the quarter was up 85.2% on a year-over-year basis. On average, sell-side analysts predict that NVIDIA will post 8.79 earnings per share for the current fiscal year.

NVIDIA declared that its board has authorized a share buyback program on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, June 4th. NVIDIA’s dividend payout ratio (DPR) is currently 15.31%.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

NVIDIA Company Profile

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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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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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