The stock of NVIDIA Corporation (NASDAQ:NVDA) last traded at $451.78, down -0.86% from the previous session.
Data from the available sources indicates that NVIDIA Corporation (NASDAQ:NVDA) is covered by 51 analysts. 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 $455.72, this indicates a potential upside of 36.6 percent. NVDA stock price is now 0.17% away from the 50-day moving average and 49.96% away from the 200-day moving average. The market capitalization of the company currently stands at $1132.28B.
In total, 3 analysts have assigned it a hold rating, and 42 have given it a buy rating. Brokers who have rated the stock have averaged $649.49 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, HUANG JEN HSUN, President and CEO sold 29,688 shares of the company’s stock on Sep 11. The stock was sold for $13,329,754 at an average price of $448.99. Upon completion of the transaction, the President and CEO now directly owns 7,918,875 shares in the company, valued at $3.58 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 07, President and CEO HUANG JEN HSUN sold 29,688 shares of the business’s stock. A total of $13,605,939 was realized by selling the stock at an average price of $458.30. This leaves the insider owning 7,800,125 shares of the company worth $3.52 billion. Insiders disposed of 4,028,864 shares of company stock worth roughly $1.82 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 $443,136,000. WCM INVESTMENT MANAGEMENT, LLC invested $339,344,000 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 $339,059,000. LONE PINE CAPITAL LLC acquired a new stake in NVDA for approximately $289,884,000. ALYESKA INVESTMENT GROUP, L.P. purchased a new stake in NVDA valued at around $277,486,000 in the second quarter. In total, there are 4,343 active investors with 65.90% ownership of the company’s stock.
With an opening price of $461.48 on Monday morning, NVIDIA Corporation (NASDAQ: NVDA) set off the trading day. 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 0.35, a current ratio of 2.80, and a quick ratio of 2.40. According to the stock market information, the enterprise value for the company is $1.12T, which is based on a 109.13 price-to-earnings ratio, a 1.39 price-to-earnings-growth ratio, and a beta of 1.75. The fifty day moving average price for NVDA is $451.03 and a two-hundred day moving average price translates $301.26 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 $2.7, beating analysts’ expectations of $2.09 by 0.61. This compares to $0.26 EPS in the same period last year. The net profit margin was 31.60% and return on equity was 43.30% 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 $16.06B 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 0.04% 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 3.80%.
NVIDIA Corporation(NVDA) Company Profile
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company’s 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds. Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software. The company’s products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. It has a strategic collaboration with Kroger Co. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.
