NVIDIA (NASDAQ:NVDA) Upgraded at Phillip Securities

Phillip Securities upgraded shares of NVIDIA (NASDAQ:NVDA - Free Report) from a moderate buy rating to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Other analysts have also issued reports about the company. Barclays increased their price objective on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Benchmark reissued a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Raymond James Financial lifted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $181.22.

NVIDIA Stock Performance

NVDA traded down $0.59 during trading hours on Monday, hitting $172.41. The company's stock had a trading volume of 145,724,125 shares, compared to its average volume of 263,966,224. The company has a 50-day simple moving average of $146.99 and a 200 day simple moving average 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. The firm has a market capitalization of $4.21 trillion, a PE ratio of 55.62, a PEG 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.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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 firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business'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 business posted $0.61 earnings per share. As a group, sell-side analysts expect that NVIDIA will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the sale, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,964,800 shares of company stock valued at $734,906,003 in the last quarter. 4.17% of the stock is owned by insiders.

Institutional Investors Weigh In On NVIDIA

Several hedge funds have recently bought and sold shares of the stock. Tacita Capital Inc acquired a new position in NVIDIA in the 4th quarter valued at about $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth approximately $38,000. Kathleen S. Wright Associates Inc. raised its stake in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares during the last quarter. Copia Wealth Management acquired a new position in NVIDIA during the fourth quarter worth $50,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the first quarter worth $51,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

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.