NVIDIA Corporation (NASDAQ:NVDA) had its target price upped by Evercore ISI from $180.00 to $250.00 in a research report sent to investors on Friday, September 15th, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the computer hardware maker’s stock.
A number of other analysts also recently issued reports on NVDA. Sanford C. Bernstein initiated coverage on shares of NVIDIA Corporation in a report on Thursday, May 18th. They set an outperform rating and a $165.00 price target for the company. Rosenblatt Securities restated a buy rating and set a $140.00 price target on shares of NVIDIA Corporation in a report on Friday, May 19th. UBS AG restated a buy rating and set a $148.00 price target (up previously from $135.00) on shares of NVIDIA Corporation in a report on Friday, May 19th. Bank of America Corporation raised their price target on shares of NVIDIA Corporation from $138.00 to $155.00 and gave the stock a buy rating in a report on Monday, May 22nd. Finally, Roth Capital reiterated a neutral rating and issued a $110.00 target price on shares of NVIDIA Corporation in a report on Monday, May 22nd. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $147.03.
NVIDIA Corporation (NVDA) opened at 179.00 on Friday. NVIDIA Corporation has a 1-year low of $63.27 and a 1-year high of $191.20. The stock’s 50 day moving average price is $167.68 and its 200-day moving average price is $138.76. The company has a market cap of $107.40 billion, a PE ratio of 51.48 and a beta of 1.25.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business’s revenue was up 56.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. On average, analysts forecast that NVIDIA Corporation will post $3.63 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 24th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $0.56 annualized dividend and a yield of 0.31%. NVIDIA Corporation’s payout ratio is currently 15.86%.
In other NVIDIA Corporation news, Director Mark L. Perry sold 16,281 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $162.24, for a total transaction of $2,641,429.44. Following the transaction, the director now directly owns 48,069 shares in the company, valued at $7,798,714.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the completion of the sale, the director now directly owns 30,762 shares in the company, valued at approximately $4,623,220.98. The disclosure for this sale can be found here. Insiders have sold 536,940 shares of company stock worth $91,728,080 over the last 90 days. 5.82% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in NVDA. Janus Henderson Group PLC lifted its holdings in shares of NVIDIA Corporation by 5,424.4% in the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after purchasing an additional 4,022,728 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of NVIDIA Corporation by 499.0% in the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock valued at $447,156,000 after purchasing an additional 3,419,701 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of NVIDIA Corporation by 7.1% in the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after purchasing an additional 2,676,976 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock valued at $572,695,000 after purchasing an additional 1,672,231 shares in the last quarter. Finally, Jackson Square Partners LLC purchased a new stake in shares of NVIDIA Corporation in the second quarter valued at about $229,323,000. 65.79% of the stock is currently owned by institutional investors.
NVIDIA Corporation 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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