Mizuho restated their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a report released on Friday, Marketbeat reports. They currently have a $265.00 price target on the computer hardware maker’s stock, up from their previous price target of $240.00.
Other analysts have also issued research reports about the company. BidaskClub raised NVIDIA from a buy rating to a strong-buy rating in a report on Thursday, January 11th. Susquehanna Bancshares reissued a neutral rating and set a $200.00 price target (up previously from $185.00) on shares of NVIDIA in a report on Thursday, February 8th. Zacks Investment Research raised NVIDIA from a hold rating to a buy rating and set a $262.00 price target for the company in a report on Wednesday, January 24th. Jefferies Group boosted their price target on NVIDIA from $15.50 to $300.00 and gave the company a buy rating in a report on Friday. Finally, Citigroup reissued a buy rating and set a $240.00 price target on shares of NVIDIA in a report on Friday, November 10th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. NVIDIA presently has an average rating of Buy and an average price target of $210.67.
Shares of NVIDIA (NASDAQ:NVDA) opened at $228.03 on Friday. The company has a quick ratio of 7.34, a current ratio of 8.03 and a debt-to-equity ratio of 0.27. NVIDIA has a fifty-two week low of $95.17 and a fifty-two week high of $249.27. The company has a market capitalization of $138,190.00, a price-to-earnings ratio of 47.21, a P/E/G ratio of 4.83 and a beta of 1.43.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.56. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the company posted $1.13 earnings per share. NVIDIA’s revenue for the quarter was up 34.0% on a year-over-year basis. analysts forecast that NVIDIA will post 4.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. NVIDIA’s dividend payout ratio is currently 12.42%.
In related news, CFO Colette Kress sold 171 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was 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 link. Also, Director Persis Drell sold 606 shares of the business’s stock in a transaction dated 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 owns 26,104 shares in the company, valued at $5,144,315.28. The disclosure for this sale can be found here. Insiders sold 4,858 shares of company stock worth $1,025,784 over the last quarter. 5.17% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its position in shares of NVIDIA by 160.9% in 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 in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of NVIDIA by 1.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 829,595 shares of the computer hardware maker’s stock worth $148,307,000 after buying an additional 9,565 shares in the last quarter. KCS Wealth Advisory purchased a new stake in shares of NVIDIA in the fourth quarter worth about $282,000. Schwab Charles Investment Management Inc. lifted its position in shares of NVIDIA by 3.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,932,495 shares of the computer hardware maker’s stock worth $345,473,000 after buying an additional 71,458 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of NVIDIA by 45.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 27,391 shares of the computer hardware maker’s stock worth $4,897,000 after buying an additional 8,605 shares in the last quarter. Institutional investors own 62.70% 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.
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