NVIDIA (NASDAQ:NVDA) Research Coverage Started at Evercore ISI

Evercore ISI began coverage on shares of NVIDIA (NASDAQ:NVDA - Free Report) in a research note published on Tuesday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $1,160.00 price target on the computer hardware maker's stock.

A number of other research analysts have also recently issued reports on the company. Wedbush reaffirmed an outperform rating and issued a $1,000.00 price target on shares of NVIDIA in a report on Tuesday, March 19th. Sanford C. Bernstein lifted their price target on NVIDIA from $700.00 to $1,000.00 and gave the company an outperform rating in a report on Thursday, February 22nd. HSBC lifted their price target on NVIDIA from $880.00 to $1,050.00 and gave the company a buy rating in a report on Monday, March 18th. Piper Sandler Companies lifted their price target on NVIDIA to $850.00 and gave the company an overweight rating in a report on Friday, February 16th. Finally, Craig Hallum lifted their price target on NVIDIA from $700.00 to $850.00 and gave the company a buy rating in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has an average rating of Moderate Buy and an average price target of $940.30.

NVIDIA Price Performance

Shares of NASDAQ NVDA traded up $14.14 during midday trading on Tuesday, reaching $874.15. 36,911,542 shares of the company traded hands, compared to its average volume of 51,935,148. The firm has a market cap of $2.19 trillion, a PE ratio of 73.21, a PEG ratio of 1.27 and a beta of 1.73. The stock's 50-day simple moving average is $838.10 and its 200-day simple moving average is $616.90. NVIDIA has a 12 month low of $262.25 and a 12 month 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, beating analysts' consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion during the quarter, compared to analysts' expectations of $20.40 billion. During the same period last year, the business earned $0.65 earnings per share. The business's revenue was up 265.3% on a year-over-year basis. As a group, equities analysts anticipate that NVIDIA will post 22.45 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a 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 NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the business's stock in a transaction that occurred on 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 sale, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other 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 transaction of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the company's stock in a transaction that occurred on 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 sale, 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. In the last quarter, insiders have sold 61,278 shares of company stock worth $52,689,898. Corporate insiders own 3.99% of the company's stock.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Searcy Financial Services Inc. ADV bought a new stake in shares of NVIDIA during the 1st quarter worth approximately $345,000. Toth Financial Advisory Corp increased its holdings in shares of NVIDIA by 1.7% during the 1st quarter. Toth Financial Advisory Corp now owns 5,077 shares of the computer hardware maker's stock worth $4,588,000 after acquiring an additional 85 shares during the last quarter. First Dallas Securities Inc. increased its holdings in shares of NVIDIA by 8.9% during the 1st quarter. First Dallas Securities Inc. now owns 17,771 shares of the computer hardware maker's stock worth $16,058,000 after acquiring an additional 1,445 shares during the last quarter. Viewpoint Capital Management LLC increased its holdings in shares of NVIDIA by 1.0% during the 1st quarter. Viewpoint Capital Management LLC now owns 7,067 shares of the computer hardware maker's stock worth $6,385,000 after acquiring an additional 73 shares during the last quarter. Finally, Avity Investment Management Inc. acquired a new position in shares of NVIDIA during the 1st quarter worth approximately $389,000. Institutional investors own 65.27% of the company's stock.

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.