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NVIDIA Corporation (NASDAQ:NVDA) Receives Consensus Rating of "Moderate Buy" from Analysts

NVIDIA logo with Computer and Technology background

Key Points

  • NVIDIA has an average recommendation of "Moderate Buy" from 42 analysts, with a price target of $183.75 over the next 12 months.
  • CEO Jen Hsun Huang sold 75,000 shares recently, reducing his ownership by 0.10%, while CFO Colette Kress sold 27,640 shares, marking a 0.93% decrease in her holdings.
  • Insiders sold a total of 5,687,440 shares worth approximately $862 million in the past 90 days, indicating significant insider trading activity.
  • Looking to export and analyze NVIDIA data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) have been assigned an average rating of "Moderate Buy" from the forty-two ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, thirty-two have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $183.75.

A number of equities research analysts recently issued reports on the stock. Rosenblatt Securities upped their price target on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Jefferies Financial Group increased their target price on shares of NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. Bank of America increased their target price on shares of NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. BNP Paribas raised shares of NVIDIA to a "hold" rating in a research note on Friday, August 1st. Finally, Truist Financial increased their target price on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th.

Check Out Our Latest Stock Report on NVDA

NVIDIA Price Performance

Shares of NVDA stock traded up $1.10 during mid-day trading on Monday, hitting $183.16. The company had a trading volume of 145,446,845 shares, compared to its average volume of 243,951,938. NVIDIA has a 52-week low of $86.62 and a 52-week high of $184.48. The stock's 50 day moving average price is $160.71 and its 200-day moving average price is $133.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company has a market capitalization of $4.47 trillion, a P/E ratio of 59.08, a P/E/G ratio of 1.61 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 EPS. Equities research analysts forecast that NVIDIA will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is presently 1.29%.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $182.38, for a total transaction of $13,678,500.00. Following the completion of the sale, the chief executive officer owned 73,223,225 shares of the company's stock, valued at approximately $13,354,451,775.50. This represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares of the company's stock, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,687,440 shares of company stock valued at $862,095,782. 4.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC lifted its position in NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after buying an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC raised its holdings in NVIDIA by 1.5% in the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker's stock valued at $91,150,170,000 after acquiring an additional 8,521,936 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in NVIDIA by 0.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after acquiring an additional 3,721,331 shares in the last quarter. Kingstone Capital Partners Texas LLC raised its holdings in NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after acquiring an additional 382,231,120 shares in the last quarter. Finally, Norges Bank acquired a new stake in NVIDIA in the fourth quarter valued at approximately $43,515,504,000. Institutional investors and hedge funds own 65.27% of the company's stock.

About NVIDIA

(Get Free Report)

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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