NVIDIA (NASDAQ:NVDA) Trading 0.2% Higher on Analyst Upgrade

NVIDIA Co. (NASDAQ:NVDA - Get Free Report)'s share price rose 0.2% during mid-day trading on Tuesday after UBS Group raised their price target on the stock from $1,100.00 to $1,150.00. UBS Group currently has a buy rating on the stock. NVIDIA traded as high as $888.19 and last traded at $878.89. Approximately 13,041,279 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 51,523,367 shares. The stock had previously closed at $877.57.

A number of other equities research analysts have also weighed in on NVDA. JPMorgan Chase & Co. lifted their price objective on NVIDIA from $650.00 to $850.00 and gave the stock an "overweight" rating in a research report on Thursday, February 22nd. Citigroup increased their price target on shares of NVIDIA from $820.00 to $1,030.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Stifel Nicolaus reiterated a "buy" rating and set a $910.00 target price on shares of NVIDIA in a report on Wednesday, March 20th. Benchmark reissued a "buy" rating and issued a $1,000.00 target price on shares of NVIDIA in a research report on Wednesday, March 20th. Finally, Rosenblatt Securities restated a "buy" rating and set a $1,100.00 price target on shares of NVIDIA in a research report on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $941.55.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the firm'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 transaction of $19,975,319.00. Following the completion of the transaction, 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 accessible through this link. In other news, Director Mark A. Stevens sold 11,000 shares of the firm's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $905.65, for a total value of $9,962,150.00. Following the completion of the sale, the director now directly owns 1,074,833 shares of the company's stock, valued at approximately $973,422,506.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the firm's stock in a transaction 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 completion of the sale, the director now owns 1,052,133 shares of the company's stock, valued at $925,845,476.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,278 shares of company stock worth $52,689,898. Corporate insiders own 3.99% of the company's stock.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA purchased a new position in NVIDIA during the 4th quarter valued at about $28,000. Criterion Capital Advisors LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at $28,000. Your Advocates Ltd. LLP purchased a new position in shares of NVIDIA in the 3rd quarter valued at $30,000. Able Wealth Management LLC bought a new position in shares of NVIDIA in the 4th quarter worth $32,000. Finally, Trivant Custom Portfolio Group LLC lifted its stake in shares of NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker's stock worth $43,000 after purchasing an additional 30 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

The company has a market cap of $2.16 trillion, a PE ratio of 72.36, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $860.82 and a 200-day simple moving average of $643.52.

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 analysts' consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. The company's quarterly revenue was up 265.3% compared to the same quarter last year. As a group, research analysts predict that NVIDIA Co. 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. Stockholders of record on Wednesday, March 6th were given a $0.04 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. 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.