In yesterday’s Wall Street session, NVIDIA Corporation (NASDAQ:NVDA) shares traded at $468.35, up 1.78% from the previous session.
As of this writing, 51 analysts cover NVIDIA Corporation (NASDAQ:NVDA). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1100.00 and a low of $392.35, we find $622.50. Given the previous closing price of $460.18, this indicates a potential upside of 35.27 percent. NVDA stock price is now 6.15% away from the 50-day moving average and 63.32% away from the 200-day moving average. The market capitalization of the company currently stands at $1185.61B.
There are 4 analysts who have given it a hold rating, whereas 40 have given it a buy rating. Brokers who have rated the stock have averaged $645.37 as their price target over the next twelve months.
With the price target enhanced from $440 to $600, Stifel Upgraded its rating from Hold to Buy for NVIDIA Corporation (NASDAQ: NVDA).
In other news, Dabiri John, Director sold 283 shares of the company’s stock on Jun 26. The stock was sold for $120,142 at an average price of $424.53. Upon completion of the transaction, the Director now directly owns 2,401 shares in the company, valued at $1.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 20, Director STEVENS MARK A sold 40,000 shares of the business’s stock. A total of $17,282,441 was realized by selling the stock at an average price of $432.06. This leaves the insider owning 1,052,286 shares of the company worth $492.84 million. Insiders disposed of 4,029,809 shares of company stock worth roughly $1.89 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 SUSTAINABLE GROWTH ADVISERS, LP during the first quarter worth $459,389,000. WCM INVESTMENT MANAGEMENT, LLC invested $351,790,000 in shares of NVDA during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in NVIDIA Corporation valued at approximately $351,494,000. LONE PINE CAPITAL LLC acquired a new stake in NVDA for approximately $300,516,000. ALYESKA INVESTMENT GROUP, L.P. purchased a new stake in NVDA valued at around $287,664,000 in the second quarter. In total, there are 4,343 active investors with 65.90% ownership of the company’s stock.
Monday morning saw NVIDIA Corporation (NASDAQ: NVDA) opened at $470.12. During the past 12 months, NVIDIA Corporation has had a low of $108.13 and a high of $502.66. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 3.40, and a quick ratio of 2.80. The fifty day moving average price for NVDA is $442.04 and a two-hundred day moving average price translates $288.38 for the stock.
The latest earnings results from NVIDIA Corporation (NASDAQ: NVDA) was released for Jul, 2023. According to the Semiconductors Company, earnings per share came in at $2.5, beating analysts’ expectations of $1.93 by 0.57. This compares to $0.26 EPS in the same period last year. The net profit margin was 13.40% and return on equity was 19.00% for NVDA. The company reported revenue of $13.51 billion for the quarter, compared to $6.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 101.48 percent. For the current quarter, analysts expect NVDA to generate $14.63B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/28/2023. Investors who held shares on 09/07/2023 were paid a $0.04 dividend. On an annualized basis, this represents a $0.16 dividend and a 0.03% percent yield. There was an ex-dividend date of 09/06/2023 for this dividend. In terms of dividend payout ratio, NVDA is presently at 9.10%.
