NVIDIA’s (NVDA) Overweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of NVIDIA (NASDAQ:NVDAFree Report) in a research report report published on Monday, Benzinga reports. They currently have a $775.00 price objective on the computer hardware maker’s stock.

Several other research analysts have also issued reports on NVDA. Piper Sandler reissued an overweight rating and set a $620.00 target price on shares of NVIDIA in a research note on Friday, November 17th. Stifel Nicolaus restated a buy rating and issued a $600.00 target price on shares of NVIDIA in a research note on Friday, November 17th. DA Davidson assumed coverage on NVIDIA in a research report on Wednesday, January 3rd. They issued a neutral rating and a $410.00 target price for the company. Edward Jones cut NVIDIA from a buy rating to a hold rating in a research note on Wednesday, November 22nd. Finally, UBS Group upped their target price on NVIDIA from $560.00 to $580.00 and gave the stock a buy rating in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $616.35.

Get Our Latest Stock Analysis on NVIDIA

NVIDIA Stock Performance

NVDA stock opened at $722.48 on Monday. The firm has a market cap of $1.78 trillion, a PE ratio of 95.31, a price-to-earnings-growth ratio of 2.86 and a beta of 1.69. The company has a current ratio of 3.59, a quick ratio of 3.06 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average price of $550.90 and a 200-day moving average price of $487.53. NVIDIA has a 1-year low of $204.21 and a 1-year high of $746.11.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share for the quarter, topping analysts’ consensus estimates of $3.03 by $0.99. The business had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $16.19 billion. NVIDIA had a return on equity of 72.28% and a net margin of 42.10%. The firm’s revenue for the quarter was up 205.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. As a group, equities research analysts expect that NVIDIA will post 11.09 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Wednesday, December 6th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, December 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio is currently 2.11%.

Insider Activity

In related news, Director John Dabiri sold 218 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $484.99, for a total transaction of $105,727.82. Following the sale, the director now owns 2,183 shares of the company’s stock, valued at approximately $1,058,733.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director John Dabiri sold 218 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $484.99, for a total transaction of $105,727.82. Following the sale, the director now directly owns 2,183 shares in the company, valued at $1,058,733.17. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $484.62, for a total transaction of $218,079.00. Following the completion of the transaction, the insider now owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 155,216 shares of company stock worth $79,810,950. 3.99% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of NVIDIA during the fourth quarter worth about $14,606,369,000. Moneta Group Investment Advisors LLC lifted its position in NVIDIA by 160,446.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock valued at $2,862,392,000 after purchasing an additional 19,574,443 shares during the last quarter. International Assets Investment Management LLC grew its stake in NVIDIA by 54,019.5% in the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after buying an additional 16,835,703 shares in the last quarter. Morgan Stanley increased its holdings in shares of NVIDIA by 20.2% in the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after buying an additional 4,621,002 shares during the last quarter. Finally, Barclays PLC raised its position in shares of NVIDIA by 55.7% during the 2nd quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock valued at $3,240,769,000 after buying an additional 2,740,850 shares in the last quarter. Institutional investors own 64.79% of the company’s stock.

NVIDIA Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.