Shares of NVIDIA Corporation (NASDAQ:NVDA) have earned a consensus recommendation of “Buy” from the forty-five analysts that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation, twenty-four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $188.54.
Several research analysts have recently commented on NVDA shares. Susquehanna Bancshares reissued a “neutral” rating and issued a $140.00 price target on shares of NVIDIA in a research report on Wednesday, August 16th. Oppenheimer reissued a “hold” rating on shares of NVIDIA in a research report on Sunday, November 5th. Vetr lowered NVIDIA from a “buy” rating to a “hold” rating and set a $172.54 price target for the company. in a research report on Thursday, August 31st. Instinet reissued a “reduce” rating and issued a $110.00 price target (up from $90.00) on shares of NVIDIA in a research report on Monday, August 14th. Finally, Jefferies Group boosted their price target on NVIDIA from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 10th.
In other NVIDIA news, CFO Colette Kress sold 22,808 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $185.31, for a total transaction of $4,226,550.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Tench Coxe sold 50,000 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $189.62, for a total value of $9,481,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 315,175 shares of company stock worth $59,428,079. Company insiders own 5.17% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. TrimTabs Asset Management LLC boosted its stake in shares of NVIDIA by 17.0% in the third quarter. TrimTabs Asset Management LLC now owns 2,227 shares of the computer hardware maker’s stock worth $398,000 after buying an additional 324 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of NVIDIA in the third quarter worth about $235,000. Optimum Investment Advisors purchased a new stake in shares of NVIDIA in the third quarter worth about $322,000. GSA Capital Partners LLP purchased a new stake in shares of NVIDIA in the third quarter worth about $1,407,000. Finally, Wealthsource Partners LLC purchased a new stake in shares of NVIDIA in the third quarter worth about $200,000. Institutional investors and hedge funds own 63.51% of the company’s stock.
Shares of NVIDIA (NASDAQ:NVDA) traded up $3.17 during mid-day trading on Monday, hitting $194.66. The company’s stock had a trading volume of 9,281,735 shares, compared to its average volume of 17,534,113. NVIDIA has a twelve month low of $87.54 and a twelve month high of $218.67. The stock has a market cap of $116,042.95, a PE ratio of 47.17, a price-to-earnings-growth ratio of 4.46 and a beta of 1.18. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.39. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the business earned $0.94 EPS. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. analysts forecast that NVIDIA will post 4.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. NVIDIA’s payout ratio is presently 14.89%.
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NVIDIA 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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