NVIDIA Corporation (NASDAQ:NVDA) shares shot up 0.8% during mid-day trading on Thursday . The company traded as high as $213.70 and last traded at $214.12. 11,332,267 shares were traded during trading, a decline of 14% from the average session volume of 13,230,000 shares. The stock had previously closed at $212.47.
A number of research firms recently issued reports on NVDA. Goldman Sachs Group reaffirmed a “buy” rating and set a $228.00 target price on shares of NVIDIA in a report on Friday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of NVIDIA in a report on Saturday, September 23rd. SunTrust Banks reaffirmed a “buy” rating and set a $200.00 target price (up from $181.00) on shares of NVIDIA in a report on Monday, October 2nd. Vetr lowered NVIDIA from a “strong-buy” rating to a “buy” rating and set a $217.46 target price on the stock. in a report on Wednesday. Finally, Craig Hallum reaffirmed a “buy” rating and set a $200.00 target price on shares of NVIDIA in a report on Saturday, September 23rd. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. NVIDIA presently has an average rating of “Buy” and a consensus price target of $192.04.
The firm has a market capitalization of $130,530.00, a PE ratio of 53.85, a P/E/G ratio of 4.95 and a beta of 1.18. 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 announced its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the company posted $0.94 EPS. The business’s quarterly revenue was up 31.5% compared to the same quarter last year. analysts anticipate that NVIDIA Corporation will post 4.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, November 22nd. This is a positive change 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 (DPR) is presently 15.00%.
In other news, Director Dawn E. Hudson sold 3,052 shares of NVIDIA stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $214.39, for a total transaction of $654,318.28. Following the completion of the sale, the director now directly owns 28,816 shares in the company, valued at approximately $6,177,862.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 171 shares of NVIDIA stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $185.57, for a total value of $31,732.47. The disclosure for this sale can be found here. Insiders have sold a total of 76,164 shares of company stock valued at $14,793,096 over the last 90 days. Corporate insiders own 5.82% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Thompson Davis & CO. Inc. lifted its holdings in shares of NVIDIA by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after buying an additional 6 shares during the last quarter. Carnegie Capital Asset Management LLC lifted its holdings in shares of NVIDIA by 0.4% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock valued at $1,212,000 after buying an additional 30 shares during the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of NVIDIA by 1.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock valued at $271,000 after buying an additional 33 shares during the last quarter. Arete Wealth Advisors LLC lifted its holdings in shares of NVIDIA by 1.7% during the 2nd quarter. Arete Wealth Advisors LLC now owns 2,934 shares of the computer hardware maker’s stock valued at $424,000 after buying an additional 50 shares during the last quarter. Finally, BRYN MAWR TRUST Co lifted its holdings in shares of NVIDIA by 1.0% during the 2nd quarter. BRYN MAWR TRUST Co now owns 5,050 shares of the computer hardware maker’s stock valued at $731,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 63.41% of the company’s stock.
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NVIDIA Company Profile
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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