NVIDIA (NASDAQ:NVDA) Trading 3.1% Higher on Analyst Upgrade

NVIDIA Co. (NASDAQ:NVDA)’s share price was up 3.1% during mid-day trading on Friday 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 $138.06 and last traded at $137.67. Approximately 81,932,691 shares traded hands during trading, a decline of 61% from the average daily volume of 212,641,594 shares. The stock had previously closed at $133.57.

A number of other brokerages have also recently commented on NVDA. UBS Group increased their price target on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Loop Capital reissued a “buy” rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their price objective on NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Benchmark reissued a “buy” rating and set a $190.00 target price on shares of NVIDIA in a report on Tuesday, January 7th. Finally, Stifel Nicolaus raised their price target on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $164.63.

Insider Buying and Selling

In other news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the transaction, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last three months. Insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds have recently added to or reduced their stakes in the business. Ironwood Wealth Management LLC. raised its holdings in shares of NVIDIA by 896.9% during the second 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 period. Financial Guidance Group Inc. boosted its holdings in NVIDIA by 900.0% in the second quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock worth $445,000 after acquiring an additional 3,240 shares in the last quarter. Cohen Investment Advisors LLC raised its position in shares of NVIDIA by 42.4% during the second quarter. Cohen Investment Advisors LLC now owns 480 shares of the computer hardware maker’s stock worth $59,000 after purchasing an additional 143 shares during the period. Callan Family Office LLC lifted its holdings in shares of NVIDIA by 4,836.7% in the 2nd quarter. Callan Family Office LLC now owns 18,710 shares of the computer hardware maker’s stock worth $2,311,000 after purchasing an additional 18,331 shares in the last quarter. Finally, Liontrust Investment Partners LLP grew its position in NVIDIA by 714.3% in the 2nd quarter. Liontrust Investment Partners LLP now owns 962,430 shares of the computer hardware maker’s stock valued at $118,899,000 after purchasing an additional 844,246 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 3.1 %

The firm has a market cap of $3.37 trillion, a P/E ratio of 54.18, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64. The stock’s 50 day simple moving average is $139.49 and its 200 day simple moving average is $128.87. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS 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 firm had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the prior year, the business posted $0.38 earnings per share. The company’s quarterly revenue was up 93.6% compared to the same quarter last year. Research analysts anticipate that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

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.