NVIDIA (NASDAQ:NVDA) Rating Reiterated by Truist Financial

Truist Financial restated their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a research report sent to investors on Thursday, Benzinga reports. They currently have a $140.00 price target on the computer hardware maker’s stock, up from their previous price target of $128.80.

A number of other research analysts have also recently issued reports on NVDA. Piper Sandler boosted their target price on NVIDIA from $105.00 to $120.00 and gave the company an overweight rating in a research note on Thursday, May 23rd. HSBC boosted their target price on NVIDIA from $105.00 to $135.00 and gave the company a buy rating in a research note on Friday, May 10th. Citigroup upped their price objective on NVIDIA from $126.00 to $150.00 and gave the stock a buy rating in a research report on Wednesday. The Goldman Sachs Group upped their price objective on NVIDIA from $120.00 to $135.00 and gave the stock a buy rating in a research report on Tuesday, June 11th. Finally, Raymond James upped their price objective on NVIDIA from $110.00 to $120.00 and gave the stock a strong-buy rating in a research report on Thursday, May 23rd. Five research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of Moderate Buy and an average target price of $125.66.

NVIDIA Trading Down 0.4 %

NASDAQ NVDA opened at $123.54 on Thursday. The stock has a 50-day simple moving average of $106.24 and a 200 day simple moving average of $83.48. The company has a market capitalization of $3.04 trillion, a PE ratio of 72.25, a P/E/G ratio of 1.31 and a beta of 1.70. The company has a current ratio of 3.53, a quick ratio of 3.14 and a debt-to-equity ratio of 0.17. NVIDIA has a 12 month low of $39.23 and a 12 month high of $140.76.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The firm had revenue of $26.04 billion during the quarter, compared to analysts’ expectations of $24.59 billion. During the same period in the previous year, the firm earned $0.09 earnings per share. The company’s revenue was up 262.1% on a year-over-year basis. Research analysts forecast that NVIDIA will post 2.53 EPS for the current year.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, June 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s dividend payout ratio is currently 2.34%.

Insider Buying and Selling

In related news, CFO Colette Kress sold 100,000 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $126.99, for a total transaction of $12,699,000.00. Following the sale, the chief financial officer now owns 5,288,862 shares of the company’s stock, valued at $671,632,585.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $124.88, for a total transaction of $14,985,600.00. Following the sale, the chief executive officer now owns 80,334,995 shares of the company’s stock, valued at $10,032,234,175.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 100,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $126.99, for a total value of $12,699,000.00. Following the completion of the sale, the chief financial officer now directly owns 5,288,862 shares in the company, valued at approximately $671,632,585.38. The disclosure for this sale can be found here. Insiders have sold 1,866,590 shares of company stock valued at $324,317,704 over the last 90 days. 4.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

A number of large investors have recently modified their holdings of NVDA. FPC Investment Advisory Inc. acquired a new stake in shares of NVIDIA in the 1st quarter valued at $26,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of NVIDIA in the 1st quarter valued at $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA in the 4th quarter valued at $28,000. Criterion Capital Advisors LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at $28,000. Finally, HBC Financial Services PLLC acquired a new stake in shares of NVIDIA during the 1st quarter valued at $30,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

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.