Shares of NVIDIA Corporation (NASDAQ:NVDA) have been given a consensus recommendation of “Buy” by the forty-four analysts that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $188.73.
Several equities analysts recently weighed in on NVDA shares. B. Riley reaffirmed a “buy” rating and issued a $200.00 price objective (up from $135.00) on shares of NVIDIA Corporation in a research note on Monday, August 7th. Stifel Nicolaus reiterated a “hold” rating and set a $110.00 target price on shares of NVIDIA Corporation in a report on Friday, August 11th. MKM Partners reiterated a “neutral” rating and set a $120.00 target price (up previously from $106.00) on shares of NVIDIA Corporation in a report on Monday, August 14th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $140.00 price objective on shares of NVIDIA Corporation in a report on Wednesday, August 16th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of NVIDIA Corporation in a research report on Saturday, September 23rd.
In other news, insider Jen Hsun Huang sold 110,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total transaction of $18,268,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director A Brooke Seawell sold 30,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the transaction, the director now directly owns 16,507 shares of the company’s stock, valued at approximately $2,809,326.33. The disclosure for this sale can be found here. Insiders sold a total of 451,503 shares of company stock worth $81,997,895 in the last quarter. Company insiders own 5.82% of the company’s stock.
Large investors have recently modified their holdings of the company. Welch Investments LLC purchased a new stake in shares of NVIDIA Corporation in the third quarter valued at about $104,000. Evercore Wealth Management LLC grew its stake in shares of NVIDIA Corporation by 36.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after purchasing an additional 206 shares during the period. TB Alternative Assets Ltd. purchased a new stake in NVIDIA Corporation during the 2nd quarter valued at $116,000. Thompson Davis & CO. Inc. raised its holdings in NVIDIA Corporation 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 period. Finally, Edge Advisors LLC increased its stake in NVIDIA Corporation by 98.8% in the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock worth $149,000 after purchasing an additional 415 shares during the period. Institutional investors own 65.40% of the company’s stock.
Shares of NVIDIA Corporation (NASDAQ NVDA) traded up $1.63 during mid-day trading on Thursday, reaching $211.61. The company had a trading volume of 9,561,157 shares, compared to its average volume of 17,714,572. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. The stock has a market capitalization of $127,100.00, a PE ratio of 52.75, a P/E/G ratio of 4.64 and a beta of 1.23. NVIDIA Corporation has a 52 week low of $84.77 and a 52 week high of $218.67.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings data 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 Corporation had a return on equity of 42.71% and a net margin of 28.78%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the business earned $0.94 EPS. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. research analysts anticipate that NVIDIA Corporation will post 4.13 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a positive change from NVIDIA Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. NVIDIA Corporation’s payout ratio is currently 14.00%.
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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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