NVIDIA (NASDAQ:NVDA) Rating Increased to Buy at Vetr

Vetr upgraded shares of NVIDIA (NASDAQ:NVDA) from a hold rating to a buy rating in a research report sent to investors on Monday, February 5th. The brokerage currently has $246.84 price objective on the computer hardware maker’s stock.

A number of other research analysts have also recently issued reports on the company. Raymond James Financial raised their price objective on NVIDIA and gave the company an outperform rating in a research note on Friday, November 10th. Bank of America set a $210.00 price objective on NVIDIA and gave the company a buy rating in a research note on Thursday, October 12th. Royal Bank of Canada raised their price objective on NVIDIA from $230.00 to $240.00 and gave the company an outperform rating in a research note on Friday, November 10th. Mizuho reaffirmed a buy rating and set a $225.00 price objective on shares of NVIDIA in a research note on Tuesday, November 28th. Finally, Canaccord Genuity raised their target price on NVIDIA from $225.00 to $250.00 and gave the stock a buy rating in a research note on Friday, November 17th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $210.77.

NVIDIA (NASDAQ:NVDA) opened at $241.42 on Monday. The company has a market capitalization of $146,300.00, a price-to-earnings ratio of 49.98, a P/E/G ratio of 3.65 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34. NVIDIA has a 12 month low of $95.17 and a 12 month high of $249.27.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The firm’s revenue was up 34.0% on a year-over-year basis. equities analysts forecast that NVIDIA will post 6.22 EPS for the current year.

The business 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 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, February 22nd. NVIDIA’s dividend payout ratio (DPR) is presently 12.42%.

In other NVIDIA news, Director Mark L. Perry sold 17,307 shares of NVIDIA stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $227.93, for a total value of $3,944,784.51. Following the completion of the sale, the director now owns 30,762 shares of the company’s stock, valued at approximately $7,011,582.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dawn E. Hudson sold 3,052 shares of NVIDIA stock in a transaction that occurred 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 completion of 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. In the last ninety days, insiders sold 22,165 shares of company stock valued at $4,970,569. 5.82% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. Welch Investments LLC bought a new stake in shares of NVIDIA during the 3rd quarter valued at $104,000. Country Trust Bank grew its position in shares of NVIDIA by 490.0% during the 4th quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after acquiring an additional 490 shares during the period. Global Trust Asset Management LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $116,000. Clearbridge Investments LLC grew its position in shares of NVIDIA by 100.0% during the 4th quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker’s stock valued at $116,000 after acquiring an additional 300 shares during the period. Finally, North Star Investment Management Corp. grew its position in shares of NVIDIA by 67.3% during the 4th quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after acquiring an additional 255 shares during the period. 62.70% of the stock is owned by hedge funds and other institutional investors.

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About NVIDIA

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.

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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