NVIDIA (NASDAQ:NVDA) Trading Up 1.2% on Analyst Upgrade

NVIDIA Co. (NASDAQ:NVDA - Get Free Report)'s stock price rose 1.2% on Friday after HSBC raised their price target on the stock from $1,050.00 to $1,350.00. HSBC currently has a buy rating on the stock. NVIDIA traded as high as $914.01 and last traded at $897.89. Approximately 16,652,054 shares changed hands during trading, a decline of 67% from the average daily volume of 50,563,738 shares. The stock had previously closed at $887.47.

Several other equities analysts have also issued reports on NVDA. Stifel Nicolaus reiterated a "buy" rating and issued a $910.00 target price on shares of NVIDIA in a research note on Wednesday, March 20th. Wells Fargo & Company lifted their target price on NVIDIA from $840.00 to $970.00 and gave the company an "overweight" rating in a research note on Tuesday, March 19th. Piper Sandler Companies lifted their target price on NVIDIA to $850.00 and gave the company an "overweight" rating in a research note on Friday, February 16th. Sanford C. Bernstein lifted their target price on NVIDIA from $700.00 to $1,000.00 and gave the company an "outperform" rating in a research note on Thursday, February 22nd. Finally, Bank of America boosted their price target on NVIDIA from $925.00 to $1,100.00 and gave the stock a "buy" rating in a research note on Wednesday, March 13th. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $951.55.

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 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 completion of the sale, the director now directly 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 can be accessed through this link. In other news, Director Mark A. Stevens sold 10,000 shares of the company's stock in a transaction 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 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. Also, Director Mark A. Stevens sold 5,000 shares of the company's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the transaction, the director now directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 in the last three months. 3.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NVIDIA

Hedge funds have recently bought and sold shares of the company. Moody Lynn & Lieberson LLC lifted its stake in NVIDIA by 7.2% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker's stock worth $38,737,000 after acquiring an additional 5,998 shares in the last quarter. TrueMark Investments LLC acquired a new stake in NVIDIA in the 4th quarter valued at about $2,639,000. McLean Asset Management Corp raised its position in NVIDIA by 11.7% in the 4th quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker's stock valued at $871,000 after purchasing an additional 186 shares in the last quarter. Cornercap Investment Counsel Inc. raised its position in NVIDIA by 5.7% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker's stock valued at $1,931,000 after purchasing an additional 209 shares in the last quarter. Finally, Shilanski & Associates Inc. raised its position in NVIDIA by 15.9% in the 4th quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker's stock valued at $1,477,000 after purchasing an additional 410 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Up 1.3 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The company has a market cap of $2.25 trillion, a price-to-earnings ratio of 75.33, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75. The business has a 50-day simple moving average of $876.84 and a 200-day simple moving average of $662.62.

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 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 business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The business's revenue for the quarter was up 265.3% on a year-over-year basis. On average, equities analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a $0.04 dividend. The ex-dividend date of this dividend 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 currently 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.

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