Brokerages Set NVIDIA Co. (NASDAQ:NVDA) PT at $940.30

NVIDIA Co. (NASDAQ:NVDA) has received an average recommendation of “Moderate Buy” from the forty-two research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, thirty-eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $940.30.

A number of equities research analysts recently weighed in on NVDA shares. JPMorgan Chase & Co. boosted their price objective on shares of NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Oppenheimer upped their target price on NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. CICC Research began coverage on NVIDIA in a report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $900.00 price objective on shares of NVIDIA in a research note on Monday, March 4th. Finally, HSBC raised their target price on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research note on Monday, March 18th.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 11,000 shares of NVIDIA stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $905.65, for a total value of $9,962,150.00. Following the completion of the sale, the director now directly owns 1,074,833 shares in the company, valued at $973,422,506.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,278 shares of company stock valued at $52,689,898. Insiders own 3.99% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of large investors have recently bought and sold shares of NVDA. LFA Lugano Financial Advisors SA acquired a new stake in NVIDIA in the 4th quarter worth approximately $28,000. Criterion Capital Advisors LLC bought a new stake in NVIDIA during the fourth quarter valued at about $28,000. Peoples Financial Services CORP. acquired a new stake in shares of NVIDIA in the third quarter valued at about $30,000. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA during the 3rd quarter worth about $30,000. Finally, Able Wealth Management LLC bought a new stake in NVIDIA during the 4th quarter valued at approximately $32,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Up 0.0 %

NASDAQ:NVDA opened at $877.57 on Tuesday. The company has a market cap of $2.19 trillion, a PE ratio of 73.50, a P/E/G ratio of 1.26 and a beta of 1.73. The business’s 50 day moving average is $857.43 and its two-hundred day moving average is $640.64. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA has a 52 week low of $272.40 and a 52 week high of $974.00.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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 analysts’ expectations of $20.40 billion. During the same period last year, the business posted $0.65 earnings per share. The firm’s revenue for the quarter was up 265.3% on a year-over-year basis. On average, analysts predict that NVIDIA will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

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.