NVIDIA Co. (NASDAQ:NVDA)‘s stock had its “underweight” rating reiterated by stock analysts at Pacific Crest in a report released on Monday, May 8th. They presently have a $90.00 price target on the computer hardware maker’s stock. Pacific Crest’s price target would indicate a potential downside of 33.82% from the stock’s previous close.
A number of other research firms have also commented on NVDA. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of NVIDIA in a research report on Wednesday, January 11th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $110.00 price target (up from $95.00) on shares of NVIDIA in a research report on Thursday, February 16th. Zacks Investment Research lowered NVIDIA from a “buy” rating to a “hold” rating in a research report on Tuesday, February 14th. Royal Bank of Canada raised their target price on NVIDIA from $115.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. Finally, Instinet lowered NVIDIA from a “buy” rating to a “reduce” rating and set a $90.00 target price for the company. in a research report on Wednesday, February 22nd. Six analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $109.34.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.16. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. NVIDIA had a return on equity of 34.13% and a net margin of 23.82%. NVIDIA’s quarterly revenue was up 48.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Tuesday, May 23rd will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Friday, May 19th. NVIDIA’s dividend payout ratio (DPR) is 21.96%.
TRADEMARK VIOLATION WARNING: This article was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.chaffeybreeze.com/2017/05/20/nvidia-co-nvda-rating-reiterated-by-pacific-crest-updated.html.
In other NVIDIA news, insider Jen Hsun Huang sold 41,670 shares of the business’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $98.30, for a total value of $4,096,161.00. Following the sale, the insider now directly owns 1,811,456 shares of the company’s stock, valued at $178,066,124.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tench Coxe sold 50,000 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $129.48, for a total value of $6,474,000.00. The disclosure for this sale can be found here. Insiders sold 312,240 shares of company stock worth $34,347,618 over the last three months. Corporate insiders own 5.82% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Advisors LP boosted its position in NVIDIA by 4.5% in the third quarter. First Trust Advisors LP now owns 755,483 shares of the computer hardware maker’s stock valued at $51,766,000 after buying an additional 32,633 shares in the last quarter. Jennison Associates LLC boosted its position in NVIDIA by 36.6% in the third quarter. Jennison Associates LLC now owns 12,844,514 shares of the computer hardware maker’s stock valued at $880,106,000 after buying an additional 3,441,948 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new position in NVIDIA during the third quarter valued at $346,000. NEXT Financial Group Inc boosted its stake in NVIDIA by 14.1% in the third quarter. NEXT Financial Group Inc now owns 28,419 shares of the computer hardware maker’s stock worth $1,947,000 after buying an additional 3,505 shares during the period. Finally, Wellington Shields & Co. LLC purchased a new stake in NVIDIA during the third quarter worth approximately $206,000. Hedge funds and other institutional investors own 85.00% 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.
Receive News & Ratings for NVIDIA Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Co. and related companies with MarketBeat.com's FREE daily email newsletter.