BidaskClub cut shares of Nvidia (NASDAQ:NVDA) from a strong-buy rating to a buy rating in a report published on Tuesday.
Several other equities analysts have also weighed in on NVDA. Vetr lowered shares of Nvidia from a strong-buy rating to a buy rating and set a $220.79 target price on the stock. in a report on Monday, December 18th. Goldman Sachs reiterated a buy rating and issued a $228.00 target price on shares of Nvidia in a report on Friday, January 5th. B. Riley reiterated a buy rating and issued a $270.00 target price on shares of Nvidia in a report on Monday, January 8th. Zacks Investment Research lowered shares of Nvidia from a strong-buy rating to a hold rating in a report on Monday, January 15th. Finally, Mizuho reiterated a buy rating and issued a $240.00 target price (up from $225.00) on shares of Nvidia in a report on Tuesday, January 16th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have assigned a buy rating to the stock. Nvidia presently has a consensus rating of Buy and an average price target of $217.16.
NVDA opened at $231.50 on Tuesday. The stock has a market cap of $142,410.77, a P/E ratio of 49.57, a price-to-earnings-growth ratio of 3.76 and a beta of 1.51. Nvidia has a twelve month low of $95.80 and a twelve month high of $254.50. The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date was Thursday, February 22nd. Nvidia’s payout ratio is currently 12.85%.
In related news, Director Mark L. Perry sold 17,307 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $227.93, for a total transaction of $3,944,784.51. Following the sale, the director now directly owns 30,762 shares of the company’s stock, valued at approximately $7,011,582.66. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Persis Drell sold 5,141 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $220.73, for a total transaction of $1,134,772.93. Following the sale, the director now directly owns 20,963 shares in the company, valued at $4,627,162.99. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,959 shares of company stock worth $22,692,182. 5.82% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. KCS Wealth Advisory purchased a new stake in shares of Nvidia in the 4th quarter valued at approximately $282,000. Coastline Trust Co purchased a new stake in shares of Nvidia in the 3rd quarter valued at approximately $871,000. Stansberry Asset Management LLC purchased a new stake in shares of Nvidia in the 4th quarter valued at approximately $2,171,000. Engineers Gate Manager LP increased its position in shares of Nvidia by 373.9% in the 3rd quarter. Engineers Gate Manager LP now owns 7,956 shares of the computer hardware maker’s stock valued at $1,422,000 after purchasing an additional 6,277 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its position in shares of Nvidia by 3,507.8% in the 3rd quarter. Salem Investment Counselors Inc. now owns 8,803 shares of the computer hardware maker’s stock valued at $1,567,000 after purchasing an additional 8,559 shares during the last quarter. 66.93% of the stock is currently owned by institutional investors.
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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