NVIDIA (NASDAQ:NVDA) had its price objective lifted by Canaccord Genuity from $225.00 to $250.00 in a research report sent to investors on Friday, November 17th. Canaccord Genuity currently has a buy rating on the computer hardware maker’s stock.
Other equities analysts have also issued reports about the stock. Vetr raised shares of NVIDIA from a hold rating to a buy rating and set a $178.63 price objective on the stock in a report on Thursday, August 10th. Summit Redstone reissued a buy rating and set a $200.00 price objective on shares of NVIDIA in a report on Thursday, August 10th. Jefferies Group reissued a buy rating and set a $180.00 price objective on shares of NVIDIA in a report on Thursday, August 10th. Citigroup reissued a buy rating and set a $180.00 price objective on shares of NVIDIA in a report on Thursday, August 10th. Finally, Mizuho reissued a buy rating and set a $170.00 price objective on shares of NVIDIA in a report on Friday, July 21st. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. NVIDIA presently has an average rating of Buy and an average target price of $187.38.
Shares of NVIDIA (NASDAQ:NVDA) traded up $1.52 during trading hours on Friday, hitting $189.26. 11,629,561 shares of the stock were exchanged, compared to its average volume of 17,610,807. The stock has a market capitalization of $113,115.96, a price-to-earnings ratio of 45.97, a PEG ratio of 4.04 and a beta of 1.18. NVIDIA has a fifty-two week low of $87.54 and a fifty-two week high of $218.67. 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 (NASDAQ:NVDA) last issued 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. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. NVIDIA’s revenue was up 31.5% compared to the same quarter last year. During the same period last year, the company posted $0.94 earnings per share. sell-side analysts expect that NVIDIA will post 4.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.32%. This is a boost from NVIDIA’s previous quarterly dividend of $0.14. NVIDIA’s payout ratio is currently 14.89%.
In other news, Director A Brooke Seawell sold 1,029 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $214.10, for a total transaction of $220,308.90. Following the completion of the sale, the director now owns 1,029 shares of the company’s stock, valued at $220,308.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dawn E. Hudson sold 3,052 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $214.39, for a total transaction of $654,318.28. Following the sale, the director now directly owns 28,816 shares of the company’s stock, valued at approximately $6,177,862.24. The disclosure for this sale can be found here. Insiders have sold 315,175 shares of company stock valued at $59,428,079 in the last three months. Corporate insiders own 5.17% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Welch Investments LLC acquired a new position in NVIDIA during the third quarter worth about $104,000. Evercore Wealth Management LLC boosted its position in NVIDIA by 36.9% during the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after acquiring an additional 206 shares during the last quarter. TB Alternative Assets Ltd. acquired a new position in NVIDIA during the second quarter worth about $116,000. Thompson Davis & CO. Inc. boosted its position in NVIDIA by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after acquiring an additional 6 shares during the last quarter. Finally, Edge Advisors LLC boosted its position in NVIDIA by 98.8% during the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock worth $149,000 after acquiring an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 63.51% of the company’s stock.
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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