NVIDIA Corporation (NASDAQ:NVDA) Given Consensus Recommendation of "Moderate Buy" by Brokerages

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the forty-three analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and three have issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $173.05.

NVDA has been the subject of several research reports. William Blair restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Raymond James Financial increased their target price on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. DA Davidson upped their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Finally, Piper Sandler restated an "overweight" rating and issued a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th.

Insider Buying and Selling at NVIDIA

In other news, Director Robert K. Burgess sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the completion of the transaction, the director now directly owns 201,044 shares of the company's stock, valued at $27,104,752.08. This trade represents a 19.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 190,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.51, for a total transaction of $27,076,900.00. Following the transaction, the director now directly owns 8,855,848 shares of the company's stock, valued at approximately $1,262,046,898.48. This trade represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,469,685 shares of company stock valued at $349,669,962. Corporate insiders own 4.17% of the company's stock.

Institutional Trading of NVIDIA

A number of hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of NVIDIA in the 4th quarter valued at $43,515,504,000. Nuveen LLC purchased a new position in shares of NVIDIA in the 1st quarter valued at $15,089,414,000. Goldman Sachs Group Inc. raised its stake in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. GAMMA Investing LLC raised its stake in shares of NVIDIA by 12,173.2% in the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after acquiring an additional 48,439,859 shares during the period. Finally, Northern Trust Corp raised its stake in shares of NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after acquiring an additional 36,266,817 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Down 1.1%

Shares of NASDAQ NVDA opened at $143.83 on Friday. The firm has a market cap of $3.51 trillion, a price-to-earnings ratio of 46.40, a PEG ratio of 1.27 and a beta of 2.12. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA has a 52-week low of $86.62 and a 52-week high of $153.13. The business's 50 day moving average is $126.37 and its two-hundred day moving average is $126.56.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its 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 firm had revenue of $44.06 billion during 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%. The firm'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 firm earned $0.61 EPS. Research analysts predict that NVIDIA will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.