NVIDIA Co. (NASDAQ:NVDA) Receives $164.96 Average PT from Brokerages

Shares of NVIDIA Co. (NASDAQ:NVDA) have earned a consensus rating of “Moderate Buy” from the forty-four brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have issued a buy rating and two have assigned a strong 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 $164.96.

A number of research firms recently commented on NVDA. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Citigroup reaffirmed a “buy” rating on shares of NVIDIA in a research report on Wednesday, April 16th. Rosenblatt Securities lowered their price objective on NVIDIA from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley lowered their price target on shares of NVIDIA from $162.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, April 25th. Finally, DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $116.65 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $2.85 trillion, a PE ratio of 45.91, a PEG ratio of 1.76 and a beta of 2.11. The stock’s 50 day moving average price is $110.29 and its 200-day moving average price is $127.37. NVIDIA has a twelve month low of $86.62 and a twelve month high of $195.95.

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

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s payout ratio is currently 1.36%.

Insiders Place Their Bets

In related news, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 in the last quarter. Insiders own 4.23% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. CenterBook Partners LP increased its position in shares of NVIDIA by 21.2% during the first quarter. CenterBook Partners LP now owns 130,434 shares of the computer hardware maker’s stock valued at $14,136,000 after buying an additional 22,832 shares during the period. Gagnon Securities LLC grew its holdings in shares of NVIDIA by 4.1% during the 1st quarter. Gagnon Securities LLC now owns 20,769 shares of the computer hardware maker’s stock worth $2,251,000 after acquiring an additional 817 shares during the period. Keynote Financial Services LLC raised its position in shares of NVIDIA by 73.3% in the 1st quarter. Keynote Financial Services LLC now owns 8,985 shares of the computer hardware maker’s stock worth $974,000 after acquiring an additional 3,799 shares in the last quarter. Headlands Technologies LLC lifted its stake in shares of NVIDIA by 57.4% in the 1st quarter. Headlands Technologies LLC now owns 203,852 shares of the computer hardware maker’s stock valued at $22,093,000 after purchasing an additional 74,333 shares during the period. Finally, Waycross Partners LLC boosted its position in shares of NVIDIA by 13.7% during the first quarter. Waycross Partners LLC now owns 487,310 shares of the computer hardware maker’s stock valued at $52,815,000 after purchasing an additional 58,656 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Company Profile

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.