NVIDIA (NASDAQ:NVDA) Given Buy Rating at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of NVIDIA (NASDAQ:NVDA - Free Report) in a research report released on Monday, Benzinga reports. Rosenblatt Securities currently has a $1,400.00 price target on the computer hardware maker's stock.

A number of other brokerages also recently issued reports on NVDA. Cantor Fitzgerald reiterated an overweight rating and issued a $900.00 price target on shares of NVIDIA in a report on Monday, March 4th. DA Davidson lifted their price target on NVIDIA from $410.00 to $620.00 and gave the company a neutral rating in a report on Thursday, February 22nd. Needham & Company LLC lifted their price target on NVIDIA from $600.00 to $850.00 and gave the company a buy rating in a report on Thursday, February 22nd. Citigroup raised their price objective on NVIDIA from $820.00 to $1,030.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. Finally, Tigress Financial raised their price objective on NVIDIA from $790.00 to $985.00 and gave the stock a buy rating in a research report on Thursday, February 29th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $1,002.18.

NVIDIA Trading Up 2.5 %

NVDA traded up $23.01 during trading on Monday, hitting $947.80. 31,769,689 shares of the stock were exchanged, compared to its average volume of 49,691,730. The firm has a 50 day simple moving average of $882.98 and a 200 day simple moving average of $687.42. The firm has a market cap of $2.33 trillion, a price-to-earnings ratio of 79.38, a P/E/G ratio of 1.31 and a beta of 1.75. NVIDIA has a 1 year low of $298.06 and a 1 year 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 released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $20.40 billion. During the same period last year, the business posted $0.65 EPS. NVIDIA's quarterly revenue was up 265.3% on a year-over-year basis. As a group, equities analysts expect that NVIDIA will post 22.9 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA's dividend payout ratio is presently 1.34%.

Insiders Place Their Bets

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 transaction of $19,975,319.00. Following the completion of the sale, the director now directly 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 SEC, which is available through this link. In other 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 transaction of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the SEC, which is available at 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 value of $7,975,700.00. Following the completion of the transaction, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. In the last three months, insiders sold 61,278 shares of company stock worth $52,689,898. Corporate insiders own 3.99% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new stake in shares of NVIDIA during the first quarter worth $26,000. LFA Lugano Financial Advisors SA purchased a new position in NVIDIA in the fourth quarter valued at $28,000. Criterion Capital Advisors LLC purchased a new position in NVIDIA in the fourth quarter valued at $28,000. Your Advocates Ltd. LLP purchased a new position in NVIDIA in the third quarter valued at $30,000. Finally, HBC Financial Services PLLC purchased a new position in NVIDIA in the first quarter valued at $30,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.