Vetr cut shares of NVIDIA (NASDAQ:NVDA) from a strong-buy rating to a buy rating in a report published on Tuesday, December 26th. Vetr currently has $220.43 target price on the computer hardware maker’s stock.
Several other analysts also recently weighed in on the stock. Citigroup reiterated a buy rating and issued a $210.00 target price (up previously from $185.00) on shares of NVIDIA in a report on Friday, September 29th. SunTrust Banks reiterated a buy rating and issued a $200.00 target price (up previously from $181.00) on shares of NVIDIA in a report on Monday, October 2nd. Sanford C. Bernstein restated an outperform rating on shares of NVIDIA in a research note on Saturday, September 23rd. Barclays restated an equal weight rating and issued a $200.00 price target (up previously from $140.00) on shares of NVIDIA in a research note on Wednesday, October 4th. Finally, Royal Bank of Canada restated a buy rating and issued a $205.00 price target (up previously from $175.00) on shares of NVIDIA in a research note on Monday, September 18th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $192.04.
NVIDIA (NASDAQ:NVDA) opened at $222.98 on Tuesday. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. NVIDIA has a 12 month low of $95.17 and a 12 month high of $226.27. The firm has a market cap of $134,990.00, a PE ratio of 55.75, a P/E/G ratio of 5.22 and a beta of 1.18.
NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business’s revenue was up 31.5% on a year-over-year basis. During the same period last year, the company posted $0.94 EPS. equities analysts anticipate that NVIDIA will post 4.19 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were issued a dividend of $0.15 per share. This is a positive change from NVIDIA’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.27%. The ex-dividend date was Wednesday, November 22nd. NVIDIA’s dividend payout ratio (DPR) is currently 15.00%.
In other news, CFO Colette Kress sold 171 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $185.57, for a total value of $31,732.47. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director A Brooke Seawell sold 1,029 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $214.10, for a total transaction of $220,308.90. Following the completion of the transaction, the director now owns 1,029 shares in the company, valued at $220,308.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,858 shares of company stock valued at $4,227,384. 5.82% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Cibc World Markets Corp lifted its position in NVIDIA by 12.1% in the 2nd quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock valued at $18,549,000 after purchasing an additional 13,802 shares during the last quarter. Meiji Yasuda Life Insurance Co lifted its position in NVIDIA by 9.9% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock valued at $1,600,000 after purchasing an additional 1,000 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in NVIDIA by 17.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock valued at $2,715,000 after purchasing an additional 2,836 shares during the last quarter. Girard Partners LTD. lifted its position in NVIDIA by 7.7% in the 2nd quarter. Girard Partners LTD. now owns 3,102 shares of the computer hardware maker’s stock valued at $448,000 after purchasing an additional 221 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in NVIDIA by 160.9% in the 3rd quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock valued at $35,001,000 after purchasing an additional 120,734 shares during the last quarter. Institutional investors own 63.41% of the company’s stock.
WARNING: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/01/14/vetr-downgrades-nvidia-nvda-to-buy-2.html.
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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.