NVIDIA Corporation (NASDAQ:NVDA) had its price objective hoisted by Loop Capital from $205.00 to $235.00 in a research note released on Friday morning. Loop Capital currently has a buy rating on the computer hardware maker’s stock.
Other analysts have also issued research reports about the stock. B. Riley reiterated a buy rating and issued a $200.00 price objective on shares of NVIDIA Corporation in a research note on Sunday, August 13th. Deutsche Bank AG increased their price objective on shares of NVIDIA Corporation from $145.00 to $190.00 and gave the stock a hold rating in a research note on Wednesday, November 8th. Stifel Nicolaus reiterated a hold rating and issued a $110.00 price objective on shares of NVIDIA Corporation in a research note on Friday, August 11th. Instinet reiterated a reduce rating and issued a $110.00 price objective (up previously from $90.00) on shares of NVIDIA Corporation in a research note on Monday, August 14th. Finally, Vetr lowered shares of NVIDIA Corporation from a strong-buy rating to a hold rating and set a $173.32 price objective on the stock. in a research note on Tuesday, August 15th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. NVIDIA Corporation presently has an average rating of Buy and an average price target of $185.41.
NVIDIA Corporation (NVDA) traded down $1.06 during midday trading on Friday, hitting $211.57. 3,416,594 shares of the company’s stock were exchanged, compared to its average volume of 17,758,639. The stock has a market capitalization of $127,580.00, a PE ratio of 53.24, a P/E/G ratio of 5.34 and a beta of 1.23. NVIDIA Corporation has a fifty-two week low of $83.62 and a fifty-two week high of $218.67. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the company posted $0.94 earnings per share. sell-side analysts forecast that NVIDIA Corporation will post 3.61 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. NVIDIA Corporation’s payout ratio is 14.00%.
In related news, CFO Colette Kress sold 22,808 shares of NVIDIA Corporation stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $185.31, for a total value of $4,226,550.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jen Hsun Huang sold 110,000 shares of NVIDIA Corporation stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total transaction of $18,268,800.00. The disclosure for this sale can be found here. Insiders sold 436,503 shares of company stock valued at $78,796,295 in the last 90 days. Company insiders own 5.17% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Welch Investments LLC acquired a new position in NVIDIA Corporation during the 3rd quarter worth approximately $104,000. Evercore Wealth Management LLC grew its holdings in NVIDIA Corporation by 36.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after acquiring an additional 206 shares in the last quarter. TB Alternative Assets Ltd. acquired a new position in NVIDIA Corporation during the 2nd quarter worth approximately $116,000. Thompson Davis & CO. Inc. grew its holdings in NVIDIA Corporation by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after acquiring an additional 6 shares in the last quarter. Finally, Edge Advisors LLC grew its holdings in NVIDIA Corporation by 98.8% during the 3rd quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock worth $149,000 after acquiring an additional 415 shares in the last quarter. Institutional investors own 65.40% of the company’s stock.
About NVIDIA Corporation
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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