NVIDIA (NASDAQ:NVDA) Stock Rating Reaffirmed by Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a research note released on Monday, Benzinga reports. The brokerage currently has a $1,400.00 target price on the computer hardware maker’s stock.

NVDA has been the subject of a number of other reports. HSBC upped their price objective on shares of NVIDIA from $1,050.00 to $1,350.00 and gave the company a buy rating in a research report on Friday, May 10th. Evercore ISI began coverage on shares of NVIDIA in a research report on Tuesday, April 16th. They issued an outperform rating and a $1,160.00 price objective for the company. Argus upped their price objective on shares of NVIDIA from $850.00 to $950.00 and gave the company a buy rating in a research report on Wednesday, March 20th. Mizuho increased their price target on shares of NVIDIA from $850.00 to $1,000.00 and gave the stock a buy rating in a research report on Thursday, March 7th. Finally, Needham & Company LLC increased their price target on shares of NVIDIA from $600.00 to $850.00 and gave the stock a buy rating in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $1,125.95.

NVIDIA Stock Up 9.3 %

Shares of NVIDIA stock opened at $1,037.99 on Monday. The company has a fifty day moving average price of $889.46 and a 200 day moving average price of $698.74. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA has a twelve month low of $298.06 and a twelve month high of $1,063.20. The stock has a market cap of $2.55 trillion, a price-to-earnings ratio of 86.93, a price-to-earnings-growth ratio of 1.33 and a beta of 1.75.

NVIDIA shares are set to split on Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly created shares will be distributed to shareholders after the closing bell on Monday, June 10th.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $5.14 by $0.98. The company had revenue of $26.04 billion during the quarter, compared to analysts’ expectations of $24.59 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s revenue for the quarter was up 262.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 EPS. Equities research analysts forecast that NVIDIA will post 23.18 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be issued a $0.10 dividend. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is 1.34%.

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The disclosure for this sale can be found here. Insiders sold 51,278 shares of company stock worth $44,714,198 over the last three months. Corporate insiders own 4.23% of the company’s stock.

Institutional Trading of NVIDIA

A number of large investors have recently added to or reduced their stakes in NVDA. FPC Investment Advisory Inc. bought a new stake in NVIDIA during the first quarter worth approximately $26,000. Koesten Hirschmann & Crabtree INC. bought a new stake in NVIDIA during the first quarter worth approximately $27,000. LFA Lugano Financial Advisors SA acquired a new position in NVIDIA in the 4th quarter worth approximately $28,000. Criterion Capital Advisors LLC acquired a new position in NVIDIA in the 4th quarter worth approximately $28,000. Finally, Your Advocates Ltd. LLP acquired a new position in NVIDIA in the 3rd quarter worth approximately $30,000. 65.27% of the stock is currently owned by institutional investors.

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.