NVIDIA Co. (NASDAQ:NVDA) Receives $167.53 Consensus Target Price from Brokerages

NVIDIA Co. (NASDAQ:NVDA - Get Free Report) has been given a consensus rating of "Moderate Buy" by the forty-four research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-three have assigned a buy rating and three have given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $167.53.

Several brokerages have commented on NVDA. DA Davidson lowered their price objective on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Wedbush lowered NVIDIA from an "outperform" rating to a "cautious" rating in a research report on Friday, May 23rd. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Summit Insights cut NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th.

NVIDIA Trading Down 0.5%

NVDA traded down $0.69 during midday trading on Wednesday, reaching $134.81. 290,644,109 shares of the company's stock traded hands, compared to its average volume of 287,150,558. The stock has a market capitalization of $3.30 trillion, a price-to-earnings ratio of 53.05, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA has a 52 week low of $86.62 and a 52 week high of $195.95. The firm has a fifty day moving average of $114.51 and a two-hundred day moving average of $126.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 earnings per share. On average, equities analysts anticipate that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 in the last three months. 4.17% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds have recently made changes to their positions in NVDA. Jones Financial Companies Lllp grew its holdings in NVIDIA by 34.8% during the 1st quarter. Jones Financial Companies Lllp now owns 3,109,514 shares of the computer hardware maker's stock valued at $340,502,000 after buying an additional 803,006 shares in the last quarter. Silicon Valley Capital Partners boosted its position in shares of NVIDIA by 23.9% during the first quarter. Silicon Valley Capital Partners now owns 318,354 shares of the computer hardware maker's stock worth $34,914,000 after acquiring an additional 61,476 shares during the last quarter. Anderson Financial Strategies LLC purchased a new position in NVIDIA during the first quarter valued at $217,000. Strs Ohio bought a new stake in NVIDIA in the 1st quarter valued at $1,163,288,000. Finally, GK Wealth Management LLC increased its holdings in NVIDIA by 239.0% in the 1st quarter. GK Wealth Management LLC now owns 7,640 shares of the computer hardware maker's stock valued at $828,000 after acquiring an additional 5,386 shares during the last quarter. 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.