Craig Hallum reissued their positive rating on shares of NVIDIA (NASDAQ:NVDA) in a research report released on Monday morning, The Fly reports. The firm currently has a $300.00 target price on the computer hardware maker’s stock, up from their previous target price of $255.00.
NVDA has been the topic of a number of other research reports. Needham & Company LLC upgraded shares of NVIDIA from an underperform rating to a hold rating in a report on Monday. Oppenheimer upped their target price on shares of NVIDIA from $190.00 to $250.00 and gave the stock an outperform rating in a report on Tuesday, November 12th. Evercore ISI upped their target price on shares of NVIDIA from $185.00 to $225.00 and gave the stock an outperform rating in a report on Monday, October 7th. Benchmark upped their target price on shares of NVIDIA from $240.00 to $275.00 and gave the stock a buy rating in a report on Tuesday, December 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of NVIDIA from $200.00 to $237.00 and gave the stock an overweight rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $228.86.
Shares of NASDAQ NVDA opened at $248.93 on Monday. The firm’s 50-day moving average price is $230.42 and its 200-day moving average price is $192.37. NVIDIA has a 1-year low of $131.00 and a 1-year high of $252.99. The firm has a market capitalization of $152.35 billion, a P/E ratio of 41.01, a P/E/G ratio of 6.13 and a beta of 2.04. The company has a current ratio of 8.42, a quick ratio of 7.71 and a debt-to-equity ratio of 0.22.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, November 14th. The computer hardware maker reported $1.78 earnings per share for the quarter, beating the 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 firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the prior year, the business earned $1.84 earnings per share. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts forecast that NVIDIA will post 4.32 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Wednesday, November 27th. NVIDIA’s payout ratio is 10.54%.
In other news, CFO Colette Kress sold 2,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $235.43, for a total transaction of $470,860.00. Following the completion of the transaction, the chief financial officer now directly owns 169,989 shares of the company’s stock, valued at approximately $40,020,510.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A Brooke Seawell sold 629 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $220.50, for a total transaction of $138,694.50. Following the transaction, the director now directly owns 1,592 shares of the company’s stock, valued at $351,036. The disclosure for this sale can be found here. Insiders sold a total of 45,785 shares of company stock valued at $9,965,644 over the last ninety days. 4.64% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. We Are One Seven LLC grew its position in shares of NVIDIA by 15.4% during the 4th quarter. We Are One Seven LLC now owns 5,562 shares of the computer hardware maker’s stock valued at $1,308,000 after acquiring an additional 743 shares during the period. Allworth Financial LP grew its position in shares of NVIDIA by 13.9% during the 4th quarter. Allworth Financial LP now owns 870 shares of the computer hardware maker’s stock valued at $205,000 after acquiring an additional 106 shares during the period. Wedbush Securities Inc. grew its position in shares of NVIDIA by 0.8% during the 4th quarter. Wedbush Securities Inc. now owns 23,382 shares of the computer hardware maker’s stock valued at $5,502,000 after acquiring an additional 177 shares during the period. Cozad Asset Management Inc. grew its position in shares of NVIDIA by 16.1% during the 4th quarter. Cozad Asset Management Inc. now owns 26,816 shares of the computer hardware maker’s stock valued at $6,310,000 after acquiring an additional 3,725 shares during the period. Finally, Howard Capital Management grew its position in shares of NVIDIA by 1.5% during the 4th quarter. Howard Capital Management now owns 49,730 shares of the computer hardware maker’s stock valued at $11,702,000 after acquiring an additional 755 shares during the period. 65.02% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Company Profile
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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