NVIDIA Corporation (NASDAQ:NVDA) shares traded -4.54% lower at $159.10 on Wall Street last session.
In accordance with the data, 42 analysts cover NVIDIA Corporation (NASDAQ:NVDA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $320.00 and a low of $110.00, we find $200.00. Given the previous closing price of $166.66, this indicates a potential upside of 20.0 percent. NVDA stock price is now 20.62% away from the 50-day moving average and -12.71% away from the 200-day moving average. The market capitalization of the company currently stands at $382.16B.
It has been rated a hold by 11 analysts and a buy by 26. Brokers who have rated the stock have averaged $188.23 as their price target over the next twelve months.
On September 08, 2022, Stifel recently initiated its ‘Hold’ rating on the stock quoting a target price of $165, while ‘Daiwa Securities’ rates the stock as ‘Neutral’.
In other news, STEVENS MARK A, Director sold 87,500 shares of the company’s stock on Oct 13. The stock was sold for $10,469,235 at an average price of $119.65. Upon completion of the transaction, the Director now directly owns 2,310,193 shares in the company, valued at $367.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 11, Director STEVENS MARK A sold 85,000 shares of the business’s stock. A total of $9,902,020 was realized by selling the stock at an average price of $116.49. This leaves the insider owning 2,397,693 shares of the company worth $381.47 million. Insiders disposed of 6,725,437 shares of company stock worth roughly $1.07 billion over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NVDA stock. A new stake in NVIDIA Corporation shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $375,138,000. T. ROWE PRICE INVESTMENT MANAGEMENT, INC. invested $364,089,000 in shares of NVDA during the first quarter. In the first quarter, MATRIX CAPITAL MANAGEMENT COMPANY, LP acquired a new stake in NVIDIA Corporation valued at approximately $286,380,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in NVDA for approximately $104,051,000. D1 CAPITAL PARTNERS L.P. purchased a new stake in NVDA valued at around $96,117,000 in the second quarter.
NVIDIA Corporation (NASDAQ: NVDA) opened at $161.62 on Wednesday. During the past 12 months, NVIDIA Corporation has had a low of $108.13 and a high of $346.47. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 3.60, and a quick ratio of 3.10.
The net profit margin was 26.00% and return on equity was 30.80% for NVDA. The company reported revenue of $6.7 billion for the quarter, compared to $6.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.03 percent.
Moreover, the firm recently paid out its quarterly dividend on 09/29/2022. Investors who held shares on 09/08/2022 were paid a $0.04 dividend. On an annualized basis, this represents a $0.16 dividend and a 0.10% percent yield. There was an ex-dividend date of 09/07/2022 for this dividend. In terms of dividend payout ratio, NVDA is presently at 5.20%.