NVIDIA Corporation (NASDAQ:NVDA) had its target price lifted by Morgan Stanley from $168.00 to $210.00 in a report issued on Monday, November 6th. They currently have an equal weight rating on the computer hardware maker’s stock.
Other equities analysts have also issued research reports about the company. B. Riley reaffirmed a buy rating and issued a $200.00 price target (up previously from $135.00) on shares of NVIDIA Corporation in a research note on Monday, August 7th. Stifel Nicolaus reiterated a hold rating and issued a $110.00 price objective on shares of NVIDIA Corporation in a report on Friday, August 11th. MKM Partners restated a neutral rating and set a $120.00 price target (up previously from $106.00) on shares of NVIDIA Corporation in a report on Monday, August 14th. Susquehanna Bancshares Inc restated a neutral rating and set a $140.00 price target on shares of NVIDIA Corporation in a report on Wednesday, August 16th. Finally, Sanford C. Bernstein restated an outperform rating on shares of NVIDIA Corporation in a report on Saturday, September 23rd. Four investment 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 issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $185.93.
NVIDIA Corporation (NASDAQ:NVDA) opened at $209.56 on Monday. The firm has a market capitalization of $128,510.00, a price-to-earnings ratio of 52.37, a price-to-earnings-growth ratio of 4.74 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. NVIDIA Corporation has a 12 month low of $83.93 and a 12 month 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 for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. equities analysts forecast that NVIDIA Corporation will post 4 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. NVIDIA Corporation’s dividend payout ratio (DPR) is presently 14.00%.
In related news, Director Dawn E. Hudson sold 15,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $213.44, for a total value of $3,201,600.00. Following the completion of the transaction, the director now owns 46,868 shares of the company’s stock, valued at $10,003,505.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Byron sold 409 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $171.01, for a total transaction of $69,943.09. Following the completion of the transaction, the insider now directly owns 136,199 shares of the company’s stock, valued at approximately $23,291,390.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 451,503 shares of company stock valued at $81,997,895. 5.17% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Cibc World Markets Corp raised its position in NVIDIA Corporation by 12.1% in the second quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock worth $18,549,000 after purchasing an additional 13,802 shares in the last quarter. Meiji Yasuda Life Insurance Co increased its holdings in shares of NVIDIA Corporation by 9.9% during the second quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock worth $1,600,000 after buying an additional 1,000 shares in the last quarter. RB Capital Management LLC acquired a new stake in shares of NVIDIA Corporation during the second quarter worth approximately $272,000. Oppenheimer Asset Management Inc. increased its holdings in shares of NVIDIA Corporation by 17.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock worth $2,715,000 after buying an additional 2,836 shares in the last quarter. Finally, D. Scott Neal Inc. acquired a new stake in shares of NVIDIA Corporation during the second quarter worth approximately $258,000. 65.40% of the stock is owned by hedge funds and other institutional investors.
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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