NVIDIA Co. (NASDAQ:NVDA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

NVIDIA Co. (NASDAQ:NVDA) has received an average rating of “Moderate Buy” from the forty-two research firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, thirty-seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $171.69.

NVDA has been the topic of a number of research analyst reports. Oppenheimer reissued an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a research note on Thursday, November 21st. HSBC cut their price objective on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price objective on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 price objective on shares of NVIDIA in a report on Thursday, February 27th. Finally, Mizuho raised their price objective on NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st.

NVIDIA Stock Down 0.1 %

NVDA opened at $115.58 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.82 trillion, a P/E ratio of 45.49, a PEG ratio of 1.76 and a beta of 1.77. NVIDIA has a 52 week low of $75.61 and a 52 week high of $153.13. The business’s fifty day simple moving average is $129.71 and its 200 day simple moving average is $131.20.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. As a group, equities research analysts anticipate that NVIDIA will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Insiders Place Their Bets

In other news, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,039,125 shares of company stock worth $137,062,338. 4.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Silver Oak Wealth Advisors Services LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at $591,000. PKO Investment Management Joint Stock Co bought a new stake in shares of NVIDIA during the 4th quarter worth about $21,218,000. Northstar Financial Companies Inc. acquired a new stake in NVIDIA in the 4th quarter valued at approximately $565,000. Centaurus Financial Inc. grew its holdings in NVIDIA by 20.1% in the 4th quarter. Centaurus Financial Inc. now owns 328,362 shares of the computer hardware maker’s stock valued at $44,096,000 after buying an additional 54,948 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC acquired a new stake in NVIDIA in the 4th quarter valued at approximately $5,764,000. Hedge funds and other 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.