Goldman Sachs Group reissued their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a research note released on Friday. The brokerage currently has a $228.00 price target on the computer hardware maker’s stock.
Several other brokerages also recently issued reports on NVDA. Oppenheimer reissued a hold rating on shares of NVIDIA in a research note on Sunday, November 5th. Susquehanna Bancshares boosted their target price on shares of NVIDIA from $140.00 to $155.00 and gave the company a neutral rating in a research note on Thursday, September 14th. Jefferies Group boosted their target price on shares of NVIDIA from $230.00 to $240.00 and gave the company a buy rating in a research note on Friday, November 10th. Barclays boosted their target price on shares of NVIDIA from $200.00 to $225.00 and gave the company an equal weight rating in a research note on Friday, November 10th. Finally, Vetr downgraded shares of NVIDIA from a strong-buy rating to a buy rating and set a $220.43 target price on the stock. in a research note on Tuesday, December 26th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. NVIDIA currently has an average rating of Buy and a consensus target price of $192.04.
NVIDIA (NASDAQ:NVDA) opened at $215.40 on Friday. The stock has a market capitalization of $131,640.00, a price-to-earnings ratio of 53.85, a price-to-earnings-growth ratio of 4.97 and a beta of 1.18. NVIDIA has a twelve month low of $95.17 and a twelve month high of $218.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42.
NVIDIA (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, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.39. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the company earned $0.94 earnings per share. The firm’s revenue was up 31.5% on a year-over-year basis. equities research analysts forecast that NVIDIA will post 4.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This is a boost from NVIDIA’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. NVIDIA’s dividend payout ratio is currently 15.00%.
In related news, Director Persis Drell sold 606 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total value of $119,424.42. Following the completion of the sale, the director now directly owns 26,104 shares in the company, valued at $5,144,315.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 171 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $185.57, for a total transaction of $31,732.47. The disclosure for this sale can be found here. Insiders sold 76,164 shares of company stock valued at $14,793,096 over the last quarter. 5.82% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Welch Investments LLC bought a new stake in NVIDIA in the third quarter worth $104,000. Evercore Wealth Management LLC boosted its holdings in NVIDIA by 36.9% during the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after acquiring an additional 206 shares during the period. Thompson Davis & CO. Inc. boosted its holdings in NVIDIA by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the period. Edge Advisors LLC boosted its holdings in NVIDIA by 98.8% during the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after acquiring an additional 415 shares during the period. Finally, Exane Derivatives bought a new stake in NVIDIA during the third quarter valued at about $164,000. Hedge funds and other institutional investors own 63.41% of the company’s stock.
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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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