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

NVIDIA Co. (NASDAQ:NVDA) has earned an average rating of “Buy” from the forty-two brokerages that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and thirty-two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $351.14.

A number of research firms recently commented on NVDA. Deutsche Bank boosted their target price on shares of NVIDIA from $300.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, May 18th. Bank of America reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, June 17th. BMO Capital Markets upgraded shares of NVIDIA from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $285.00 to $425.00 in a report on Monday, May 18th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, April 22nd. Finally, Susquehanna Bancshares boosted their target price on shares of NVIDIA from $420.00 to $450.00 and gave the stock a “positive” rating in a report on Thursday, June 25th.

Shares of NASDAQ:NVDA traded up $11.91 during trading on Tuesday, reaching $379.91. The company had a trading volume of 9,179,893 shares, compared to its average volume of 13,463,640. The firm’s fifty day moving average is $355.60 and its 200 day moving average is $281.72. The firm has a market capitalization of $233.64 billion, a PE ratio of 71.01, a price-to-earnings-growth ratio of 3.31 and a beta of 1.38. NVIDIA has a twelve month low of $147.39 and a twelve month high of $385.70. The company has a debt-to-equity ratio of 0.57, a quick ratio of 9.70 and a current ratio of 10.29.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. NVIDIA had a net margin of 28.17% and a return on equity of 28.59%. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the business posted $0.88 EPS. The business’s revenue for the quarter was up 38.7% compared to the same quarter last year. Equities analysts predict that NVIDIA will post 6.56 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.17%. The ex-dividend date was Thursday, June 4th. NVIDIA’s dividend payout ratio is 13.94%.

In related news, Director Mark A. Stevens sold 60,000 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $261.63, for a total transaction of $15,697,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ajay K. Puri sold 12,849 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $372.86, for a total transaction of $4,790,878.14. Following the sale, the executive vice president now directly owns 65,037 shares of the company’s stock, valued at $24,249,695.82. The disclosure for this sale can be found here. Insiders sold 188,471 shares of company stock valued at $61,276,897 over the last three months. Insiders own 4.47% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of NVIDIA by 3.8% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 168,761 shares of the computer hardware maker’s stock worth $39,709,000 after buying an additional 6,100 shares during the period. Neo Ivy Capital Management boosted its holdings in shares of NVIDIA by 27.3% during the 4th quarter. Neo Ivy Capital Management now owns 2,980 shares of the computer hardware maker’s stock worth $701,000 after buying an additional 639 shares during the period. Atria Investments LLC boosted its holdings in shares of NVIDIA by 73.5% during the 4th quarter. Atria Investments LLC now owns 25,949 shares of the computer hardware maker’s stock worth $6,106,000 after buying an additional 10,989 shares during the period. Engrave Wealth Partners LLC bought a new stake in shares of NVIDIA during the 4th quarter worth $34,000. Finally, IHT Wealth Management LLC raised its stake in NVIDIA by 24.3% during the 1st quarter. IHT Wealth Management LLC now owns 10,003 shares of the computer hardware maker’s stock valued at $2,637,000 after purchasing an additional 1,958 shares during the last quarter. 68.89% of the stock is owned by institutional investors and hedge funds.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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