NVIDIA Co. (NASDAQ:NVDA) Given Consensus Rating of “Moderate Buy” by Brokerages

NVIDIA Co. (NASDAQ:NVDA) has received a consensus rating of “Moderate Buy” from the forty-four ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-three have issued a buy rating and three have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $167.53.

Several research analysts have recently weighed in on the stock. William Blair restated an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. TD Cowen lowered their price target on NVIDIA from $175.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Susquehanna reiterated a “positive” rating and set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.17% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors have recently made changes to their positions in the stock. Regent Peak Wealth Advisors LLC raised its position in shares of NVIDIA by 0.4% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker’s stock worth $10,989,000 after acquiring an additional 322 shares in the last quarter. Wealth Group Ltd. boosted its position in shares of NVIDIA by 1.8% during the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker’s stock valued at $766,000 after purchasing an additional 100 shares in the last quarter. Czech National Bank grew its stake in NVIDIA by 6.1% during the fourth quarter. Czech National Bank now owns 5,316,840 shares of the computer hardware maker’s stock worth $713,998,000 after purchasing an additional 305,153 shares during the period. Aprio Wealth Management LLC increased its holdings in NVIDIA by 14.0% in the fourth quarter. Aprio Wealth Management LLC now owns 26,549 shares of the computer hardware maker’s stock worth $3,565,000 after purchasing an additional 3,264 shares in the last quarter. Finally, Matrix Trust Co bought a new stake in NVIDIA in the fourth quarter worth approximately $155,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 3.2%

Shares of NVIDIA stock opened at $135.50 on Wednesday. The stock has a market cap of $3.31 trillion, a P/E ratio of 53.33, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA has a 12-month low of $86.62 and a 12-month high of $195.95. The business’s 50 day moving average is $114.51 and its 200-day moving average is $126.60.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Equities research analysts predict that NVIDIA will post 2.77 earnings per share for the current fiscal year.

About NVIDIA

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.