NVIDIA (NASDAQ:NVDA) had its price target hoisted by Bank of America from $250.00 to $275.00 in a research note published on Friday, Briefing.com Automated Import reports. They currently have a buy rating on the computer hardware maker’s stock.
Other equities research analysts also recently issued reports about the company. Wells Fargo & Co lifted their price objective on NVIDIA from $220.00 to $240.00 and gave the stock an outperform rating in a report on Friday. Goldman Sachs Group lifted their price objective on NVIDIA from $179.00 to $192.00 and gave the stock a buy rating in a report on Wednesday, September 25th. Jefferies Financial Group lifted their price objective on NVIDIA from $210.00 to $250.00 and gave the stock a buy rating in a report on Friday. Needham & Company LLC reiterated a sell rating on shares of NVIDIA in a research report on Friday, August 16th. Finally, Rosenblatt Securities reiterated a buy rating and issued a $240.00 target price on shares of NVIDIA in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-eight have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $216.69.
NVDA stock traded up $8.09 during midday trading on Friday, hitting $212.28. 14,362,500 shares of the company’s stock were exchanged, compared to its average volume of 11,896,975. The company has a current ratio of 8.65, a quick ratio of 7.74 and a debt-to-equity ratio of 0.24. NVIDIA has a 12-month low of $124.46 and a 12-month high of $213.35. The firm has a 50 day moving average price of $195.53 and a 200-day moving average price of $170.83. The stock has a market capitalization of $127.76 billion, a price-to-earnings ratio of 34.97, a price-to-earnings-growth ratio of 5.39 and a beta of 2.06.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, November 14th. The computer hardware maker reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.21. NVIDIA had a return on equity of 22.82% and a net margin of 24.08%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the previous year, the business earned $1.84 EPS. NVIDIA’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, sell-side analysts forecast that NVIDIA will post 4.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.30%. NVIDIA’s dividend payout ratio is currently 10.54%.
In related news, Director Michael G. Mccaffery sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $165.97, for a total transaction of $2,489,550.00. Following the completion of the transaction, the director now owns 27,579 shares in the company, valued at approximately $4,577,286.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 31,357 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $179.01, for a total value of $5,613,216.57. The disclosure for this sale can be found here. Insiders have sold a total of 63,883 shares of company stock valued at $11,206,817 in the last 90 days. Insiders own 4.64% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Marquette Asset Management LLC boosted its position in NVIDIA by 416.7% during the 3rd quarter. Marquette Asset Management LLC now owns 155 shares of the computer hardware maker’s stock worth $27,000 after acquiring an additional 125 shares during the period. Pacific Center for Financial Services boosted its position in NVIDIA by 143.1% during the 2nd quarter. Pacific Center for Financial Services now owns 158 shares of the computer hardware maker’s stock worth $26,000 after acquiring an additional 93 shares during the period. Investors Research Corp boosted its position in NVIDIA by 313.0% during the 3rd quarter. Investors Research Corp now owns 190 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 144 shares during the period. Field & Main Bank acquired a new position in NVIDIA during the 2nd quarter worth $33,000. Finally, American National Bank acquired a new position in NVIDIA during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 64.56% of the company’s stock.
NVIDIA Company Profile
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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