Royal Bank Of Canada reiterated their outperform rating on shares of NVIDIA Corporation (NASDAQ:NVDA) in a research note published on Friday. They currently have a $250.00 price objective on the computer hardware maker’s stock, up from their prior price objective of $240.00.
NVDA has been the topic of a number of other reports. Vetr upgraded NVIDIA Corporation from a hold rating to a buy rating and set a $176.95 price objective on the stock in a research report on Wednesday, September 6th. Needham & Company LLC restated a buy rating on shares of NVIDIA Corporation in a research report on Friday, August 11th. Citigroup Inc. restated a buy rating and set a $210.00 price objective (up from $185.00) on shares of NVIDIA Corporation in a research report on Friday, September 29th. Bank of America Corporation set a $210.00 price objective on NVIDIA Corporation and gave the company a buy rating in a research report on Thursday, October 12th. Finally, Jefferies Group LLC restated a buy rating and set a $180.00 price objective on shares of NVIDIA Corporation in a research report on Thursday, August 10th. Four 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. The company currently has a consensus rating of Buy and an average target price of $186.85.
NVIDIA Corporation (NASDAQ NVDA) traded down $0.25 on Friday, hitting $211.36. The stock had a trading volume of 12,702,474 shares, compared to its average volume of 17,662,922. The company has a market capitalization of $126,970.00, a PE ratio of 52.75, a PEG ratio of 4.64 and a beta of 1.23. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. NVIDIA Corporation has a 1-year low of $84.77 and a 1-year high of $218.67.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.39. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. NVIDIA Corporation’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 earnings per share. analysts anticipate that NVIDIA Corporation will post 4.13 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, November 22nd. This is an increase 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 dividend payout ratio (DPR) is presently 14.00%.
In related news, Director Tench Coxe sold 50,000 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $189.62, for a total transaction of $9,481,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Byron sold 409 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $171.01, for a total value of $69,943.09. Following the completion of the transaction, the insider now owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 451,503 shares of company stock valued at $81,997,895. 5.82% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. Thompson Davis & CO. Inc. grew its stake in NVIDIA Corporation by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after purchasing an additional 6 shares in the last quarter. Family Firm Inc. grew its stake in NVIDIA Corporation by 0.7% in the second quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock valued at $284,000 after purchasing an additional 13 shares in the last quarter. Appleton Partners Inc. MA grew its stake in NVIDIA Corporation by 1.2% in the second quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock valued at $372,000 after purchasing an additional 30 shares in the last quarter. Carnegie Capital Asset Management LLC grew its stake in NVIDIA Corporation by 0.4% in the second quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock valued at $1,212,000 after purchasing an additional 30 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its stake in NVIDIA Corporation by 1.8% in the second quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock valued at $271,000 after purchasing an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.
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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