Vetr downgraded shares of NVIDIA (NASDAQ:NVDA) from a strong-buy rating to a buy rating in a research note published on Monday, December 18th. The firm currently has $220.79 price objective on the computer hardware maker’s stock.
Other analysts also recently issued research reports about the stock. Sanford C. Bernstein reaffirmed an outperform rating on shares of NVIDIA in a research report on Saturday, September 23rd. SunTrust Banks reaffirmed a buy rating and issued a $200.00 price objective (up previously from $181.00) on shares of NVIDIA in a research report on Monday, October 2nd. Craig Hallum reissued a buy rating and set a $200.00 price target on shares of NVIDIA in a research report on Saturday, September 23rd. Citigroup reissued a buy rating and set a $240.00 price target on shares of NVIDIA in a research report on Friday, November 10th. Finally, Loop Capital reissued a buy rating and set a $181.00 price target on shares of NVIDIA in a research report on Tuesday, August 22nd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $192.04.
Shares of NVIDIA (NASDAQ NVDA) traded down $1.10 during mid-day trading on Monday, hitting $222.98. 8,983,142 shares of the stock traded hands, compared to its average volume of 14,280,000. NVIDIA has a 1-year low of $95.17 and a 1-year high of $226.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. The stock has a market cap of $134,990.00, a price-to-earnings ratio of 55.75, a P/E/G ratio of 5.22 and a beta of 1.18.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.39. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the firm posted $0.94 earnings per share. NVIDIA’s revenue for the quarter was up 31.5% compared to the same quarter last year. equities analysts expect that NVIDIA will post 4.19 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, November 22nd. NVIDIA’s payout ratio is currently 15.00%.
In related news, Director Persis Drell sold 606 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the completion of the sale, the director now directly owns 26,104 shares in the company, valued at approximately $5,144,315.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 171 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $185.57, for a total value of $31,732.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,858 shares of company stock valued at $4,227,384. Corporate insiders own 5.82% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Cibc World Markets Corp lifted its holdings in shares of NVIDIA by 12.1% during the second quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock worth $18,549,000 after buying an additional 13,802 shares during the last quarter. Meiji Yasuda Life Insurance Co lifted its holdings in shares of NVIDIA by 9.9% during the second quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock worth $1,600,000 after buying an additional 1,000 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of NVIDIA by 17.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock worth $2,715,000 after buying an additional 2,836 shares during the last quarter. Girard Partners LTD. lifted its holdings in shares of NVIDIA by 7.7% during the second quarter. Girard Partners LTD. now owns 3,102 shares of the computer hardware maker’s stock worth $448,000 after buying an additional 221 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of NVIDIA by 160.9% during the third quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock worth $35,001,000 after buying an additional 120,734 shares during the last quarter. Institutional investors own 63.41% of the company’s stock.
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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.
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