NVIDIA Co. (NASDAQ:NVDA) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of NVIDIA Co. (NASDAQ:NVDA) have been assigned an average recommendation of “Moderate Buy” from the forty-three brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, thirty-nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $164.15.

NVDA has been the subject of several research reports. Oppenheimer restated an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Raymond James raised their price target on NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a report on Thursday, November 14th. Barclays upped their price objective on NVIDIA from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Loop Capital reaffirmed a “buy” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Wednesday, November 20th. Finally, William Blair began coverage on shares of NVIDIA in a report on Wednesday, September 18th. They set an “outperform” rating for the company.

NVIDIA Price Performance

NVDA stock opened at $138.31 on Friday. The company has a market capitalization of $3.39 trillion, a P/E ratio of 54.43, a PEG ratio of 2.43 and a beta of 1.63. The company has a fifty day moving average price of $139.51 and a 200-day moving average price of $128.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA has a 52-week low of $47.32 and a 52-week high of $152.89.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue was up 93.6% on a year-over-year basis. As a group, equities analysts expect that NVIDIA will post 2.78 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s dividend payout ratio is 1.57%.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,226,886 shares of company stock worth $161,499,400. 4.23% of the stock is owned by insiders.

Institutional Trading of NVIDIA

Several institutional investors and hedge funds have recently made changes to their positions in the business. Lantz Financial LLC grew its position in shares of NVIDIA by 833.1% in the 2nd quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after purchasing an additional 36,774 shares during the period. New Perspectives Inc bought a new position in NVIDIA in the second quarter valued at approximately $217,000. Patrick M Sweeney & Associates Inc. increased its position in shares of NVIDIA by 890.7% during the second quarter. Patrick M Sweeney & Associates Inc. now owns 5,330 shares of the computer hardware maker’s stock worth $658,000 after acquiring an additional 4,792 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of NVIDIA by 812.9% during the second quarter. Wedge Capital Management L L P NC now owns 31,824 shares of the computer hardware maker’s stock worth $3,932,000 after acquiring an additional 28,338 shares during the period. Finally, Abundance Wealth Counselors lifted its position in NVIDIA by 914.2% in the 2nd quarter. Abundance Wealth Counselors now owns 76,701 shares of the computer hardware maker’s stock valued at $9,476,000 after acquiring an additional 69,138 shares in the last quarter. 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.