NVIDIA Corporation (NASDAQ:NVDA) had its target price upped by MKM Partners in a research note issued to investors on Friday morning. The brokerage currently has a neutral rating on the computer hardware maker’s stock.
Several other brokerages also recently issued reports on NVDA. Royal Bank Of Canada restated an outperform rating and issued a $175.00 price target on shares of NVIDIA Corporation in a report on Thursday, July 13th. Canaccord Genuity restated a buy rating and issued a $155.00 price target on shares of NVIDIA Corporation in a report on Monday, July 17th. Mizuho restated a buy rating and issued a $170.00 price target on shares of NVIDIA Corporation in a report on Friday, July 21st. Summit Redstone restated a buy rating on shares of NVIDIA Corporation in a report on Saturday, July 22nd. Finally, BidaskClub upgraded NVIDIA Corporation from a buy rating to a strong-buy rating in a report on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. NVIDIA Corporation has an average rating of Buy and an average price target of $185.41.
NVIDIA Corporation (NVDA) opened at $212.63 on Friday. NVIDIA Corporation has a one year low of $83.62 and a one year high of $218.67. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $129,684.00, a PE ratio of 53.24, a price-to-earnings-growth ratio of 5.34 and a beta of 1.23.
NVIDIA Corporation (NASDAQ:NVDA) last released its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating the 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 firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was up 31.5% on a year-over-year basis. equities research analysts expect that NVIDIA Corporation will post 3.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.15 dividend. This is a positive change from NVIDIA Corporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. NVIDIA Corporation’s dividend payout ratio (DPR) is presently 13.90%.
In other news, CFO Colette Kress sold 22,808 shares of NVIDIA Corporation stock in a transaction on Monday, October 9th. The stock was sold at an average price of $185.31, for a total value of $4,226,550.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director A Brooke Seawell sold 30,000 shares of NVIDIA Corporation stock in a transaction on Friday, September 1st. The shares were sold at an average price of $170.19, for a total value of $5,105,700.00. Following the completion of the transaction, the director now owns 16,507 shares in the company, valued at approximately $2,809,326.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 436,503 shares of company stock worth $78,796,295. Corporate insiders own 5.17% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Welch Investments LLC bought a new position in shares of NVIDIA Corporation in the 3rd quarter valued at $104,000. Evercore Wealth Management LLC grew its position in NVIDIA Corporation by 36.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after acquiring an additional 206 shares during the last quarter. TB Alternative Assets Ltd. bought a new stake in NVIDIA Corporation during the 2nd quarter worth $116,000. Proficio Capital Partners LLC grew its position in NVIDIA Corporation by 186.1% during the 1st quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after acquiring an additional 547 shares during the last quarter. Finally, Thompson Davis & CO. Inc. grew its position in NVIDIA Corporation by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after acquiring an additional 6 shares during the last quarter. Institutional investors own 65.40% of the company’s stock.
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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