NVIDIA Co. (NASDAQ:NVDA) Receives $908.68 Consensus Price Target from Analysts

Shares of NVIDIA Co. (NASDAQ:NVDA - Get Free Report) have received an average recommendation of "Moderate Buy" from the forty-one research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, thirty-seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $908.68.

Several equities research analysts recently issued reports on the company. Morgan Stanley upped their price target on NVIDIA from $750.00 to $795.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. Loop Capital initiated coverage on NVIDIA in a research report on Friday, February 16th. They issued a "buy" rating and a $1,200.00 price objective on the stock. Sanford C. Bernstein boosted their price objective on NVIDIA from $700.00 to $1,000.00 and gave the stock an "outperform" rating in a research report on Thursday, February 22nd. Piper Sandler boosted their price objective on NVIDIA from $850.00 to $1,050.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 20th. Finally, HSBC upped their price target on NVIDIA from $880.00 to $1,050.00 and gave the company a "buy" rating in a research report on Monday, March 18th.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 35,648 shares of NVIDIA stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total transaction of $19,354,368.64. Following the completion of the transaction, the director now owns 1,189,083 shares in the company, valued at $645,588,833.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director John Dabiri sold 128 shares of the business's stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the transaction, the director now owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 35,648 shares of the business's stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total value of $19,354,368.64. Following the completion of the transaction, the director now owns 1,189,083 shares of the company's stock, valued at approximately $645,588,833.19. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 105,352 shares of company stock worth $64,853,077. 3.99% of the stock is owned by insiders.

Institutional Trading of NVIDIA

Hedge funds have recently bought and sold shares of the stock. Moody Lynn & Lieberson LLC raised its position in NVIDIA by 7.2% during the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker's stock valued at $38,737,000 after purchasing an additional 5,998 shares during the period. TrueMark Investments LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $2,639,000. McLean Asset Management Corp raised its holdings in shares of NVIDIA by 11.7% in the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker's stock worth $871,000 after buying an additional 186 shares during the period. Shilanski & Associates Inc. raised its holdings in shares of NVIDIA by 15.9% in the fourth quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker's stock worth $1,477,000 after buying an additional 410 shares during the period. Finally, WealthPLAN Partners LLC raised its holdings in shares of NVIDIA by 14.3% in the fourth quarter. WealthPLAN Partners LLC now owns 7,938 shares of the computer hardware maker's stock worth $3,931,000 after buying an additional 996 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 0.1 %

Shares of NASDAQ NVDA traded up $1.06 during midday trading on Friday, hitting $903.56. 43,521,227 shares of the stock traded hands, compared to its average volume of 61,106,484. The company has a market cap of $2.26 trillion, a PE ratio of 75.68, a P/E/G ratio of 1.30 and a beta of 1.73. NVIDIA has a one year low of $262.20 and a one year high of $974.00. The business has a 50 day moving average price of $772.45 and a two-hundred day moving average price of $574.01. 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 released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. The firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company's quarterly revenue was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. On average, equities analysts predict that NVIDIA will post 22.45 EPS for the current year.

NVIDIA Dividend Announcement

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

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.