NVIDIA Corporation (NASDAQ:NVDA) Receives Average Recommendation of "Moderate Buy" from Brokerages

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) has been assigned an average rating of "Moderate Buy" from the forty-two analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, thirty-three have given a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $181.22.

A number of research analysts have commented on the company. Raymond James Financial upped their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Jefferies Financial Group upped their price objective on NVIDIA from $185.00 to $200.00 in a report on Wednesday. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. The Goldman Sachs Group assumed coverage on NVIDIA in a report on Thursday, July 10th. They issued a "buy" rating and a $185.00 price objective on the stock. Finally, Benchmark reaffirmed a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,650 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total value of $4,725,108.50. Following the completion of the sale, the chief financial officer owned 2,984,516 shares of the company's stock, valued at approximately $510,023,939.24. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $172.52, for a total value of $12,939,000.00. Following the completion of the transaction, the chief executive officer directly owned 74,348,225 shares in the company, valued at approximately $12,826,555,777. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,964,800 shares of company stock valued at $734,906,003. Company insiders own 4.17% of the company's stock.

Institutional Trading of NVIDIA

Hedge funds have recently made changes to their positions in the company. FMR LLC raised its stake in shares of NVIDIA by 0.7% during the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after purchasing an additional 6,665,252 shares during the period. Geode Capital Management LLC raised its stake in shares of NVIDIA by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock valued at $74,439,273,000 after purchasing an additional 9,468,786 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of NVIDIA by 0.9% during the 4th 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 purchasing an additional 3,721,331 shares during the period. Kingstone Capital Partners Texas LLC raised its stake in shares of NVIDIA by 267,959.7% during the 2nd 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 purchasing an additional 382,231,120 shares during the period. Finally, Norges Bank bought a new stake in shares of NVIDIA during the 4th quarter valued at $43,515,504,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Down 0.3%

Shares of NASDAQ:NVDA traded down $0.59 during trading on Thursday, hitting $172.41. 145,724,125 shares of the company were exchanged, compared to its average volume of 263,966,224. The stock has a market cap of $4.21 trillion, a price-to-earnings ratio of 55.62, a P/E/G ratio of 1.52 and a beta of 2.13. NVIDIA has a fifty-two week low of $86.62 and a fifty-two week high of $174.25. The firm has a fifty day moving average price of $146.99 and a two-hundred day moving average price of $129.86. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

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

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA's dividend payout ratio is currently 1.29%.

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.