NVIDIA (NASDAQ:NVDA) had its price objective upped by Mizuho from $185.00 to $230.00 in a report published on Friday, Briefing.com Automated Import reports. The firm currently has a buy rating on the computer hardware maker’s stock.
Several other equities analysts also recently commented on NVDA. Morgan Stanley restated an equal weight rating and issued a $180.00 price target (up from $170.00) on shares of NVIDIA in a research note on Friday, August 16th. Rosenblatt Securities restated a buy rating and issued a $180.00 price target on shares of NVIDIA in a research note on Friday, August 16th. JPMorgan Chase & Co. set a $200.00 price target on shares of NVIDIA and gave the company a buy rating in a research note on Friday, August 16th. Barclays upped their price target on shares of NVIDIA from $170.00 to $225.00 and gave the company an overweight rating in a research note on Friday. Finally, Nomura reiterated a hold rating on shares of NVIDIA in a research note on Friday, August 23rd. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-seven have assigned a buy rating to the company. NVIDIA has an average rating of Buy and an average price target of $216.69.
Shares of NVDA stock traded down $4.11 on Friday, hitting $208.17. The company’s stock had a trading volume of 658,581 shares, compared to its average volume of 8,276,448. The company has a debt-to-equity ratio of 0.22, a quick ratio of 7.71 and a current ratio of 8.42. The stock’s 50 day moving average is $195.53 and its 200-day moving average is $170.83. NVIDIA has a fifty-two week low of $124.46 and a fifty-two week high of $213.35. The company has a market capitalization of $124.96 billion, a PE ratio of 34.27, a PEG ratio of 5.25 and a beta of 2.06.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 14th. The computer hardware maker reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.21. NVIDIA had a net margin of 24.08% and a return on equity of 22.02%. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the company posted $1.84 earnings per share. NVIDIA’s revenue was down 5.2% compared to the same quarter last year. On average, research analysts forecast that NVIDIA will post 4.07 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.31%. NVIDIA’s dividend payout ratio (DPR) is currently 10.54%.
In other news, Director James C. Gaither sold 10,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $182.37, for a total value of $1,823,700.00. Following the completion of the transaction, the director now owns 4,279 shares of the company’s stock, valued at $780,361.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 31,357 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $179.01, for a total transaction of $5,613,216.57. The disclosure for this sale can be found here. Insiders sold 63,883 shares of company stock valued at $11,206,817 in the last three months. Company insiders own 4.64% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of NVDA. Private Trust Co. NA raised its holdings in NVIDIA by 5.0% in the 2nd quarter. Private Trust Co. NA now owns 1,905 shares of the computer hardware maker’s stock valued at $312,000 after buying an additional 91 shares during the last quarter. Fulton Bank N.A. raised its holdings in NVIDIA by 18.1% in the 2nd quarter. Fulton Bank N.A. now owns 23,938 shares of the computer hardware maker’s stock valued at $3,932,000 after buying an additional 3,673 shares during the last quarter. Woodstock Corp raised its holdings in NVIDIA by 40.3% in the 2nd quarter. Woodstock Corp now owns 17,709 shares of the computer hardware maker’s stock valued at $2,908,000 after buying an additional 5,085 shares during the last quarter. Montecito Bank & Trust raised its holdings in NVIDIA by 1.9% in the 2nd quarter. Montecito Bank & Trust now owns 8,791 shares of the computer hardware maker’s stock valued at $1,443,000 after buying an additional 166 shares during the last quarter. Finally, Douglas Lane & Associates LLC raised its holdings in NVIDIA by 4.8% in the 2nd quarter. Douglas Lane & Associates LLC now owns 339,686 shares of the computer hardware maker’s stock valued at $55,787,000 after buying an additional 15,472 shares during the last quarter. Institutional investors and hedge funds own 64.56% of the company’s stock.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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