Vetr upgraded shares of NVIDIA (NASDAQ:NVDA) from a buy rating to a strong-buy rating in a research note published on Monday. Vetr currently has $246.84 price target on the computer hardware maker’s stock.
A number of other brokerages also recently issued reports on NVDA. Goldman Sachs Group downgraded NVIDIA from a conviction-buy rating to a buy rating and set a $281.00 target price for the company. in a research note on Thursday, February 1st. Zacks Investment Research raised NVIDIA from a hold rating to a buy rating and set a $262.00 target price for the company in a research note on Wednesday, January 24th. Nomura raised their target price on NVIDIA to $225.00 and gave the stock a neutral rating in a research note on Friday, February 9th. SunTrust Banks reaffirmed a buy rating and issued a $305.00 target price (up from $253.00) on shares of NVIDIA in a research note on Friday, February 9th. Finally, Susquehanna Bancshares reaffirmed a neutral rating and issued a $200.00 target price (up from $185.00) on shares of NVIDIA in a research note on Thursday, February 8th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $210.77.
NVIDIA (NASDAQ NVDA) opened at $241.42 on Monday. NVIDIA has a fifty-two week low of $95.17 and a fifty-two week high of $249.27. The firm has a market capitalization of $146,300.00, a price-to-earnings ratio of 49.98, a price-to-earnings-growth ratio of 3.71 and a beta of 1.43. The company has a quick ratio of 7.34, a current ratio of 8.03 and a debt-to-equity ratio of 0.27.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period last year, the company earned $1.13 EPS. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. equities research analysts forecast that NVIDIA will post 6 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.25%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s dividend payout ratio is currently 12.42%.
In other news, Director Mark L. Perry sold 17,307 shares of NVIDIA stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $227.93, for a total value of $3,944,784.51. Following the completion of the transaction, the director now owns 30,762 shares in the company, valued at approximately $7,011,582.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 171 shares of NVIDIA stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $185.57, for a total value of $31,732.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,165 shares of company stock valued at $4,970,569. 5.17% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of NVIDIA by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 7,194,300 shares of the computer hardware maker’s stock valued at $1,389,500,000 after buying an additional 512,166 shares during the period. Legal & General Group Plc boosted its stake in shares of NVIDIA by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 2,867,090 shares of the computer hardware maker’s stock valued at $512,549,000 after buying an additional 78,943 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of NVIDIA by 2.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 2,265,682 shares of the computer hardware maker’s stock valued at $438,409,000 after buying an additional 45,162 shares during the period. Swiss National Bank boosted its stake in shares of NVIDIA by 0.9% in the 4th quarter. Swiss National Bank now owns 2,213,385 shares of the computer hardware maker’s stock valued at $428,290,000 after buying an additional 19,900 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of NVIDIA by 4.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,027,499 shares of the computer hardware maker’s stock valued at $392,322,000 after buying an additional 95,004 shares during the period. Institutional investors and hedge funds own 62.70% of the company’s stock.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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