NVDA has been the topic of a number of other research reports. Tigress Financial lifted their price target on shares of NVIDIA from $400.00 to $410.00 and gave the company a buy rating in a report on Tuesday, March 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of NVIDIA from $285.00 to $255.00 and set a hold rating on the stock in a report on Wednesday, April 20th. Piper Sandler decreased their price target on shares of NVIDIA from $350.00 to $250.00 and set an overweight rating on the stock in a report on Wednesday. Wells Fargo & Company decreased their price target on shares of NVIDIA from $370.00 to $250.00 and set an overweight rating on the stock in a report on Friday, May 20th. Finally, Robert W. Baird downgraded shares of NVIDIA from an outperform rating to a neutral rating and cut their target price for the company from $360.00 to $225.00 in a research note on Monday, April 11th. Eight research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA currently has an average rating of Buy and an average target price of $269.77.
Shares of NASDAQ NVDA opened at $188.11 on Thursday. NVIDIA has a 1 year low of $155.01 and a 1 year high of $346.47. The firm’s 50 day moving average price is $212.40 and its 200 day moving average price is $250.14. The firm has a market cap of $547.92 billion, a P/E ratio of 50.43, a price-to-earnings-growth ratio of 2.38 and a beta of 1.59. The company has a debt-to-equity ratio of 0.42, a quick ratio of 6.05 and a current ratio of 5.32.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Thursday, June 9th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend is Wednesday, June 8th. NVIDIA’s payout ratio is currently 4.29%.
In other news, Director Mark L. Perry sold 16,716 shares of NVIDIA stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $263.80, for a total value of $4,409,680.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tench Coxe sold 100,000 shares of NVIDIA stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $274.06, for a total transaction of $27,406,000.00. The disclosure for this sale can be found here. Insiders sold a total of 409,056 shares of company stock valued at $101,135,342 in the last three months. Insiders own 4.47% of the company’s stock.
A number of institutional investors have recently bought and sold shares of NVDA. Disciplined Investments LLC acquired a new position in NVIDIA during the 4th quarter valued at about $25,000. Rather & Kittrell Inc. acquired a new position in NVIDIA during the 4th quarter valued at about $26,000. Emerson Wealth LLC acquired a new position in NVIDIA during the 1st quarter valued at about $27,000. Roble Belko & Company Inc boosted its stake in NVIDIA by 550.0% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock valued at $28,000 after purchasing an additional 88 shares during the period. Finally, Clear Perspectives Financial Planning LLC acquired a new position in NVIDIA during the 1st quarter valued at about $28,000. 55.19% of the stock is owned by hedge funds and other institutional investors.
About NVIDIA (Get Rating)
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
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