Nvidia (NVDA) Lifted to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of Nvidia (NASDAQ:NVDA) from an equal weight rating to an overweight rating in a research note issued to investors on Monday, Marketbeat.com reports. They currently have $258.00 price target on the computer hardware maker’s stock.

NVDA has been the topic of several other research reports. Vetr raised shares of Nvidia from a buy rating to a strong-buy rating and set a $270.50 price target on the stock in a research report on Thursday, March 1st. Goldman Sachs cut shares of Nvidia from a conviction-buy rating to a buy rating and set a $281.00 price target on the stock. in a research report on Thursday, February 1st. ValuEngine raised shares of Nvidia from a hold rating to a buy rating in a research report on Monday, April 2nd. B. Riley boosted their price target on shares of Nvidia from $270.00 to $290.00 and gave the company a buy rating in a research report on Friday, February 9th. Finally, BidaskClub cut shares of Nvidia from a strong-buy rating to a buy rating in a research report on Monday, February 5th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $217.16.

Shares of NVDA opened at $226.24 on Monday. Nvidia has a 52-week low of $95.49 and a 52-week high of $254.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 7.34 and a current ratio of 8.03. The firm has a market cap of $130,323.05, a price-to-earnings ratio of 48.45, a price-to-earnings-growth ratio of 3.39 and a beta of 1.51.



Nvidia (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.56. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Nvidia had a net margin of 31.36% and a return on equity of 45.02%. The company’s revenue was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS. analysts forecast that Nvidia will post 6.21 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. Nvidia’s dividend payout ratio (DPR) is presently 12.85%.

In related news, EVP Debora Shoquist sold 32,049 shares of the company’s stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $239.45, for a total transaction of $7,674,133.05. Following the sale, the executive vice president now directly owns 201,796 shares in the company, valued at $48,320,052.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Persis Drell sold 5,141 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $220.73, for a total transaction of $1,134,772.93. Following the sale, the director now owns 20,963 shares in the company, valued at $4,627,162.99. The disclosure for this sale can be found here. Insiders have sold 94,959 shares of company stock worth $22,692,182 over the last quarter. Insiders own 5.17% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Country Trust Bank increased its stake in shares of Nvidia by 490.0% during the fourth quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock worth $114,000 after buying an additional 490 shares during the period. Global Trust Asset Management LLC purchased a new stake in shares of Nvidia during the fourth quarter worth approximately $116,000. Clearbridge Investments LLC increased its stake in shares of Nvidia by 100.0% during the fourth quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker’s stock worth $116,000 after buying an additional 300 shares during the period. North Star Investment Management Corp. increased its stake in shares of Nvidia by 67.3% during the fourth quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock worth $123,000 after buying an additional 255 shares during the period. Finally, Crewe Advisors LLC purchased a new stake in shares of Nvidia during the fourth quarter worth approximately $148,000. Hedge funds and other institutional investors own 66.93% of the company’s stock.

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About Nvidia

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

Analyst Recommendations for Nvidia (NASDAQ:NVDA)

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