BidaskClub upgraded shares of NVIDIA (NASDAQ:NVDA) from a buy rating to a strong-buy rating in a research note released on Friday.
Several other research firms have also recently weighed in on NVDA. Goldman Sachs Group cut NVIDIA from a conviction-buy rating to a buy rating and set a $281.00 price target for the company. in a report on Thursday, February 1st. Vetr cut NVIDIA from a hold rating to a sell rating and set a $234.76 price target for the company. in a report on Monday, January 29th. Zacks Investment Research raised NVIDIA from a hold rating to a buy rating and set a $262.00 price target for the company in a report on Wednesday, January 24th. Nomura lifted their price target on NVIDIA to $225.00 and gave the stock a neutral rating in a report on Friday, February 9th. Finally, SunTrust Banks reaffirmed a buy rating and issued a $305.00 price objective (up from $253.00) on shares of NVIDIA in a report on Friday, February 9th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $210.77.
NVIDIA (NASDAQ:NVDA) traded down $2.66 during trading hours on Friday, reaching $243.84. The company had a trading volume of 15,925,847 shares, compared to its average volume of 17,070,000. The firm has a market cap of $146,170.00, a PE ratio of 50.48, a P/E/G ratio of 3.86 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 7.34 and a current ratio of 8.03. NVIDIA has a 1-year low of $95.17 and a 1-year high of $250.00.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.56. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.67 billion. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period last year, the firm posted $1.13 EPS. equities research analysts predict that NVIDIA will post 6.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. NVIDIA’s dividend payout ratio is currently 12.42%.
In related news, Director Dawn E. Hudson sold 3,052 shares of the business’s stock in a transaction on 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 owns 28,816 shares in the company, valued at approximately $6,177,862.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 171 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was 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. Insiders have sold a total of 22,165 shares of company stock worth $4,970,569 in the last 90 days. 5.82% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. SB Investment Advisers UK Ltd. bought a new stake in shares of NVIDIA in the 4th quarter valued at about $5,200,218,000. Whale Rock Capital Management LLC bought a new stake in shares of NVIDIA in the 3rd quarter valued at about $93,171,000. Geode Capital Management LLC grew its position 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 last quarter. Old Mutual Global Investors UK Ltd. grew its position in shares of NVIDIA by 71.3% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 1,028,663 shares of the computer hardware maker’s stock valued at $199,046,000 after buying an additional 428,046 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC grew its position in shares of NVIDIA by 957.5% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 391,565 shares of the computer hardware maker’s stock valued at $70,000,000 after buying an additional 354,537 shares during the last quarter. Institutional investors and hedge funds own 62.70% of the company’s stock.
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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