Nvidia (NVDA) Given Consensus Rating of “Buy” by Analysts

Nvidia (NASDAQ:NVDA) has earned a consensus recommendation of “Hold” from the forty-two brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and twenty-four have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $221.61.

A number of brokerages have commented on NVDA. Vetr cut Nvidia from a “strong-buy” rating to a “buy” rating and set a $220.79 price objective on the stock. in a research note on Monday, December 18th. Goldman Sachs restated a “buy” rating and set a $228.00 price objective on shares of Nvidia in a research note on Friday, January 5th. B. Riley restated a “buy” rating and set a $270.00 price objective on shares of Nvidia in a research note on Monday, January 8th. BidaskClub upgraded Nvidia from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Finally, Zacks Investment Research cut Nvidia from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 15th.

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In other news, Director James C. Gaither sold 40,359 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $245.67, for a total transaction of $9,914,995.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Persis Drell sold 5,141 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $220.73, for a total value of $1,134,772.93. Following the transaction, the director now directly owns 20,963 shares of the company’s stock, valued at $4,627,162.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 94,959 shares of company stock valued at $22,692,182. 5.82% of the stock is owned by corporate insiders.



Several large investors have recently bought and sold shares of the company. Raymond James Trust N.A. grew its holdings in Nvidia by 1.7% in the 4th quarter. Raymond James Trust N.A. now owns 12,693 shares of the computer hardware maker’s stock worth $2,457,000 after buying an additional 217 shares in the last quarter. Spectrum Management Group Inc. grew its holdings in Nvidia by 10.3% in the 4th quarter. Spectrum Management Group Inc. now owns 2,360 shares of the computer hardware maker’s stock worth $457,000 after buying an additional 220 shares in the last quarter. Baker Avenue Asset Management LP grew its holdings in Nvidia by 3.9% in the 4th quarter. Baker Avenue Asset Management LP now owns 6,302 shares of the computer hardware maker’s stock worth $1,219,000 after buying an additional 237 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in Nvidia by 4.5% in the 4th quarter. First Citizens Bank & Trust Co. now owns 5,477 shares of the computer hardware maker’s stock worth $1,060,000 after buying an additional 238 shares in the last quarter. Finally, V Wealth Management LLC grew its holdings in Nvidia by 16.4% in the 4th quarter. V Wealth Management LLC now owns 1,720 shares of the computer hardware maker’s stock worth $380,000 after buying an additional 242 shares in the last quarter. 66.93% of the stock is owned by institutional investors.

Nvidia stock traded down $3.10 during midday trading on Friday, reaching $231.50. The stock had a trading volume of 12,575,892 shares, compared to its average volume of 16,671,997. Nvidia has a twelve month low of $95.80 and a twelve month high of $254.50. The stock has a market capitalization of $142,410.77, a P/E ratio of 49.57, a PEG ratio of 3.76 and a beta of 1.51. The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27.

Nvidia (NASDAQ:NVDA) last issued its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.56. Nvidia had a return on equity of 45.02% and a net margin of 31.36%. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the firm earned $1.13 earnings per share. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. sell-side analysts predict that Nvidia will post 6.09 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, February 22nd. Nvidia’s dividend payout ratio is currently 12.85%.

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Nvidia Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

Analyst Recommendations for Nvidia (NASDAQ:NVDA)

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