NVIDIA Co. (NASDAQ:NVDA) Receives Consensus Rating of “Buy” from Brokerages

NVIDIA Co. (NASDAQ:NVDA) has been given an average rating of “Buy” by the forty-five ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-six have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $195.28.

NVDA has been the subject of a number of recent analyst reports. Stifel Nicolaus initiated coverage on Theratechnologies in a research report on Tuesday, May 14th. They issued a “buy” rating and a C$15.00 target price for the company. BidaskClub lowered Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday. Sanford C. Bernstein set a $150.00 target price on NVIDIA and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Nomura initiated coverage on NVIDIA in a research report on Tuesday, April 2nd. They issued a “neutral” rating and a $147.00 target price for the company. Finally, Morgan Stanley set a $20.00 target price on C&J Energy Services and gave the stock a “hold” rating in a research report on Monday, May 13th.

In related news, Director Harvey C. Jones sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the completion of the transaction, the director now directly owns 32,983 shares in the company, valued at approximately $4,785,833.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 2,236 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $164.01, for a total value of $366,726.36. Following the transaction, the chief financial officer now owns 239,710 shares of the company’s stock, valued at $39,314,837.10. The disclosure for this sale can be found here. Insiders own 4.64% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Thor Advisors LLC bought a new position in NVIDIA in the 1st quarter worth approximately $29,000. Harvest Group Wealth Management LLC bought a new position in NVIDIA in the 1st quarter worth approximately $30,000. Truvestments Capital LLC bought a new position in NVIDIA in the 1st quarter worth approximately $33,000. Creative Financial Designs Inc. ADV boosted its stake in NVIDIA by 181.2% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 194 shares of the computer hardware maker’s stock worth $35,000 after purchasing an additional 125 shares during the period. Finally, Paragon Capital Management LLC bought a new position in NVIDIA in the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 67.51% of the company’s stock.

NASDAQ:NVDA traded up $1.33 during mid-day trading on Tuesday, reaching $167.61. The company’s stock had a trading volume of 12,595,689 shares, compared to its average volume of 9,940,869. NVIDIA has a 12-month low of $124.46 and a 12-month high of $292.76. The firm’s fifty day simple moving average is $151.30. The company has a current ratio of 8.98, a quick ratio of 7.78 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $102.07 billion, a PE ratio of 27.61, a P/E/G ratio of 4.24 and a beta of 2.09.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.07. NVIDIA had a return on equity of 31.27% and a net margin of 30.68%. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the firm earned $2.05 EPS. NVIDIA’s revenue was down 30.8% on a year-over-year basis. On average, sell-side analysts anticipate that NVIDIA will post 4.22 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, May 31st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.38%. NVIDIA’s dividend payout ratio (DPR) is presently 10.54%.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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