NVIDIA (NASDAQ:NVDA) PT Raised to $1,350.00

NVIDIA (NASDAQ:NVDA - Free Report) had its target price upped by HSBC from $1,050.00 to $1,350.00 in a report published on Friday morning, Benzinga reports. They currently have a buy rating on the computer hardware maker's stock.

Several other equities analysts have also recently issued reports on NVDA. Piper Sandler Companies lifted their price objective on NVIDIA to $850.00 and gave the stock an overweight rating in a report on Friday, February 16th. Loop Capital initiated coverage on NVIDIA in a research note on Friday, February 16th. They set a buy rating and a $1,200.00 price objective on the stock. Oppenheimer boosted their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the company an outperform rating in a research note on Wednesday, March 20th. Susquehanna reaffirmed a positive rating and set a $1,050.00 price target on shares of NVIDIA in a research note on Thursday, April 4th. Finally, Truist Financial boosted their price objective on shares of NVIDIA from $911.00 to $1,177.00 and gave the company a buy rating in a research report on Monday, March 18th. 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. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $951.55.

NVIDIA Price Performance

NVDA stock traded up $11.31 during midday trading on Friday, hitting $898.78. 33,458,565 shares of the stock were exchanged, compared to its average volume of 47,065,240. The stock's 50-day moving average price is $876.84 and its 200-day moving average price is $662.62. The stock has a market cap of $2.25 trillion, a price-to-earnings ratio of 75.27, a PEG ratio of 1.32 and a beta of 1.75. NVIDIA has a fifty-two week low of $280.46 and a fifty-two week high of $974.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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. The firm had revenue of $22.10 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the firm posted $0.65 earnings per share. Research analysts predict that NVIDIA will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given 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 payout ratio is 1.34%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares of the company's stock, valued at approximately $896,933,663.31. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Mark A. Stevens sold 12,000 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $853.54, for a total value of $10,242,480.00. Following the transaction, the director now directly owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 10,000 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares of the company's stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock valued at $52,689,898 in the last three months. Corporate insiders own 3.99% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. acquired a new stake in shares of NVIDIA in the first quarter valued at approximately $26,000. LFA Lugano Financial Advisors SA bought a new stake in shares of NVIDIA during the fourth quarter valued at about $28,000. Criterion Capital Advisors LLC bought a new position in NVIDIA in the 4th quarter valued at about $28,000. Your Advocates Ltd. LLP bought a new position in NVIDIA in the 3rd quarter valued at about $30,000. Finally, HBC Financial Services PLLC bought a new position in NVIDIA in the 1st quarter valued at about $30,000. 65.27% of the stock is currently owned by 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.