NVIDIA (NASDAQ:NVDA) PT Raised to $1,100.00 at The Goldman Sachs Group

NVIDIA (NASDAQ:NVDA) had its target price raised by The Goldman Sachs Group from $1,000.00 to $1,100.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the computer hardware maker’s stock.

NVDA has been the topic of several other reports. TD Cowen increased their price target on NVIDIA from $900.00 to $1,100.00 and gave the stock an outperform rating in a research report on Thursday, March 21st. Argus increased their price target on NVIDIA from $850.00 to $950.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. Piper Sandler Companies upped their target price on NVIDIA to $850.00 and gave the stock an overweight rating in a research note on Friday, February 16th. Sanford C. Bernstein lifted their price target on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an outperform rating in a research note on Thursday, February 22nd. Finally, Morgan Stanley increased their price objective on shares of NVIDIA from $795.00 to $1,000.00 and gave the company an overweight rating in a report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $944.05.

NVIDIA Stock Down 1.7 %

NVIDIA stock opened at $905.54 on Tuesday. NVIDIA has a fifty-two week low of $280.46 and a fifty-two week high of $974.00. The company has a market cap of $2.26 trillion, a PE ratio of 75.84, a PEG ratio of 1.27 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The business’s 50-day simple moving average is $872.36 and its two-hundred day simple moving average is $659.34.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the company earned $0.65 EPS. NVIDIA’s quarterly revenue was up 265.3% on a year-over-year basis. Equities analysts anticipate that NVIDIA will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is currently 1.34%.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 128 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John Dabiri sold 128 shares of the company’s stock in a transaction 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 owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,278 shares of company stock worth $52,689,898. Company insiders own 3.99% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cornerstone Planning Group LLC lifted its position in NVIDIA by 11.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 853 shares of the computer hardware maker’s stock worth $757,000 after acquiring an additional 90 shares during the period. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. lifted its holdings in shares of NVIDIA by 250.3% during the first quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. now owns 43,228 shares of the computer hardware maker’s stock worth $39,059,000 after purchasing an additional 30,887 shares during the period. QRG Capital Management Inc. grew its position in NVIDIA by 11.5% in the 1st quarter. QRG Capital Management Inc. now owns 376,091 shares of the computer hardware maker’s stock valued at $339,820,000 after buying an additional 38,816 shares during the last quarter. O Dell Group LLC increased its stake in NVIDIA by 47.2% in the 1st quarter. O Dell Group LLC now owns 879 shares of the computer hardware maker’s stock valued at $795,000 after buying an additional 282 shares during the period. Finally, Trademark Financial Management LLC purchased a new position in NVIDIA during the 1st quarter worth $276,000. 65.27% of the stock is owned by hedge funds and other 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.