NVIDIA (NASDAQ:NVDA) Given New $1,100.00 Price Target at The Goldman Sachs Group

NVIDIA (NASDAQ:NVDA - Free Report) had its price objective upped by The Goldman Sachs Group from $1,000.00 to $1,100.00 in a research report released on Tuesday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the computer hardware maker's stock.

Other research analysts have also issued research reports about the stock. UBS Group boosted their price objective on shares of NVIDIA from $1,100.00 to $1,150.00 and gave the stock a buy rating in a research note on Tuesday, April 30th. Sanford C. Bernstein boosted their target price on NVIDIA from $700.00 to $1,000.00 and gave the stock an outperform rating in a research note on Thursday, February 22nd. Oppenheimer increased their price target on NVIDIA from $850.00 to $1,100.00 and gave the company an outperform rating in a research note on Wednesday, March 20th. Raymond James increased their price objective on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a strong-buy rating in a research report on Thursday, April 11th. Finally, Jefferies Financial Group boosted their target price on shares of NVIDIA from $610.00 to $780.00 and gave the stock a buy rating in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA presently has an average rating of Moderate Buy and an average price target of $944.05.

NVIDIA Trading Down 1.7 %

Shares of NVDA traded down $15.86 during mid-day trading on Tuesday, reaching $905.54. 43,555,789 shares of the company's stock traded hands, compared to its average volume of 51,312,906. The stock's 50-day moving average is $872.36 and its two-hundred day moving average is $659.34. NVIDIA has a 12 month low of $280.46 and a 12 month high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The stock has a market cap of $2.26 trillion, a P/E ratio of 75.84, a P/E/G ratio of 1.27 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts' consensus estimates of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA's revenue was up 265.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. Research analysts forecast that NVIDIA will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA's payout ratio is 1.34%.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 128 shares of the business's stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now directly owns 2,055 shares of the company's stock, valued at approximately $1,931,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now owns 49,815 shares of the company's stock, valued at $45,412,350.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 128 shares of the company's stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock valued at $52,689,898 over the last 90 days. 3.99% of the stock is owned by insiders.

Institutional Trading of NVIDIA

Several hedge funds have recently added to or reduced their stakes in the company. Brooklyn FI LLC boosted its position in NVIDIA by 2.5% during the first quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker's stock valued at $442,000 after purchasing an additional 12 shares during the last quarter. Curran Financial Partners LLC raised its position in NVIDIA by 1.8% during the first quarter. Curran Financial Partners LLC now owns 691 shares of the computer hardware maker's stock worth $625,000 after acquiring an additional 12 shares in the last quarter. Beacon Bridge Wealth Partners LLC lifted its stake in NVIDIA by 2.6% in the first quarter. Beacon Bridge Wealth Partners LLC now owns 473 shares of the computer hardware maker's stock valued at $428,000 after acquiring an additional 12 shares during the last quarter. M. Kraus & Co raised its holdings in shares of NVIDIA by 2.0% in the 1st quarter. M. Kraus & Co now owns 657 shares of the computer hardware maker's stock valued at $594,000 after purchasing an additional 13 shares during the period. Finally, Sterling Financial Group Inc. lifted its stake in NVIDIA by 0.9% in the 1st quarter. Sterling Financial Group Inc. now owns 1,452 shares of the computer hardware maker's stock valued at $1,312,000 after purchasing an additional 13 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

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.