Shares of NVIDIA Co. (NASDAQ:NVDA - Get Free Report) rose 3.1% on Monday after Barclays raised their price target on the stock from $160.00 to $175.00. Barclays currently has an overweight rating on the stock. NVIDIA traded as high as $138.50 and last traded at $137.71. Approximately 200,365,998 shares were traded during trading, an increase of 9% from the average daily volume of 184,317,696 shares. The stock had previously closed at $133.57.
A number of other brokerages have also commented on NVDA. Citigroup upped their price objective on NVIDIA from $170.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Stifel Nicolaus increased their target price on NVIDIA from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Oppenheimer restated an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. Raymond James upped their price objective on NVIDIA from $140.00 to $170.00 and gave the stock a "strong-buy" rating in a research report on Thursday, November 14th. Finally, Susquehanna upped their price objective on NVIDIA from $160.00 to $180.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $164.63.
View Our Latest Research Report on NVDA
Insider Activity
In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares of the company's stock, valued at $589,726,376.80. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares of the company's stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,108,348 shares of company stock valued at $146,506,958. Insiders own 4.23% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ironwood Wealth Management LLC. boosted its stake in NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker's stock valued at $782,000 after purchasing an additional 5,695 shares during the last quarter. Financial Guidance Group Inc. raised its holdings in NVIDIA by 900.0% in the 2nd quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker's stock worth $445,000 after purchasing an additional 3,240 shares during the period. Sowa Financial Group Inc. bought a new position in NVIDIA in the 2nd quarter worth $5,929,000. Lazard Freres Gestion S.A.S. raised its holdings in NVIDIA by 947.0% during the second quarter. Lazard Freres Gestion S.A.S. now owns 1,227,839 shares of the computer hardware maker's stock valued at $146,003,000 after acquiring an additional 1,110,568 shares during the period. Finally, Bfsg LLC raised its holdings in NVIDIA by 891.2% during the second quarter. Bfsg LLC now owns 191,992 shares of the computer hardware maker's stock valued at $23,719,000 after acquiring an additional 172,623 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.
NVIDIA Trading Up 2.3 %
The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a 50-day moving average price of $138.84 and a two-hundred day moving average price of $129.11. The stock has a market cap of $3.45 trillion, a PE ratio of 55.42, a price-to-earnings-growth ratio of 2.48 and a beta of 1.64.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $35.08 billion for the quarter, compared to analysts' expectations of $33.15 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The firm's revenue for the quarter was up 93.6% on a year-over-year basis. Sell-side analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's payout ratio is currently 1.57%.
NVIDIA Company Profile
(
Get Free Report)
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.
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