NVIDIA (NASDAQ:NVDA) Shares Up 2.4% After Analyst Upgrade

NVIDIA Co. (NASDAQ:NVDA - Get Free Report)'s stock price was up 2.4% on Monday after Barclays raised their price target on the stock from $850.00 to $1,100.00. Barclays currently has an overweight rating on the stock. NVIDIA traded as high as $952.00 and last traded at $947.38. Approximately 11,875,272 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 49,471,309 shares. The stock had previously closed at $924.79.

Other equities analysts have also recently issued research reports about the company. CICC Research started coverage on NVIDIA in a research report on Wednesday, March 6th. They set an "outperform" rating and a $870.00 price objective for the company. Benchmark reissued a "buy" rating and set a $1,000.00 price objective on shares of NVIDIA in a research report on Wednesday, March 20th. 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. Piper Sandler Companies boosted their price target on NVIDIA to $850.00 and gave the company an "overweight" rating in a research note on Friday, February 16th. Finally, Craig Hallum boosted their price target on NVIDIA from $700.00 to $850.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,002.18.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 22,700 shares of the company's stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the company's stock in a transaction that occurred on 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 $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock valued at $52,689,898 over the last quarter. Corporate insiders own 3.99% of the company's stock.

Institutional Trading of NVIDIA

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in NVIDIA by 4.3% during the first quarter. Vanguard Group Inc. now owns 213,335,626 shares of the computer hardware maker's stock valued at $192,761,538,000 after purchasing an additional 8,828,050 shares during the last quarter. Norges Bank bought a new stake in shares of NVIDIA in the 4th quarter worth about $14,606,369,000. Northern Trust Corp lifted its holdings in shares of NVIDIA by 3.6% in the 3rd quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker's stock worth $11,445,211,000 after acquiring an additional 910,009 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of NVIDIA by 54,019.5% in the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker's stock worth $8,352,811,000 after acquiring an additional 16,835,703 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of NVIDIA by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,586,595 shares of the computer hardware maker's stock worth $6,728,354,000 after acquiring an additional 388,851 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Up 2.5 %

The company's fifty day moving average price is $882.98 and its 200-day moving average price is $687.42. The stock has a market cap of $2.33 trillion, a P/E ratio of 79.38, a price-to-earnings-growth ratio of 1.31 and a beta of 1.75. 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 earnings results 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 analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business's revenue was up 265.3% on a year-over-year basis. During the same quarter last year, the business earned $0.65 EPS. Equities analysts forecast that NVIDIA Co. will post 22.9 EPS for the current year.

NVIDIA Announces Dividend

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 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 of this dividend was Tuesday, March 5th. NVIDIA's dividend payout ratio (DPR) 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.