NVIDIA (NVDA) Receives “Buy” Rating from Goldman Sachs Group

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.

TRADEMARK VIOLATION NOTICE: “NVIDIA (NVDA) Receives “Buy” Rating from Goldman Sachs Group” was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://transcriptdaily.com/2018/01/06/nvidia-nvda-receives-buy-rating-from-goldman-sachs-group.html.

About NVIDIA

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.

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply