NVIDIA (NVDA) Hits New 52-Week High at $251.25

NVIDIA Co. (NASDAQ:NVDA) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $251.25 and last traded at $251.06, with a volume of 12056785 shares changing hands. The stock had previously closed at $243.84.

NVDA has been the topic of a number of research analyst reports. Needham & Company LLC raised their target price on shares of NVIDIA to $300.00 in a research note on Friday, February 9th. Vetr upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $203.56 target price on the stock in a research note on Wednesday, October 25th. Jefferies Group raised their target price on shares of NVIDIA from $180.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. B. Riley raised their target price on shares of NVIDIA from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, SunTrust Banks raised their target price on shares of NVIDIA to $253.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $210.97.

The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27. The company has a market cap of $151,090.00, a PE ratio of 51.62, a price-to-earnings-growth ratio of 3.82 and a beta of 1.43.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.56. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the business earned $1.13 EPS. The firm’s revenue was up 34.0% on a year-over-year basis. equities analysts expect that NVIDIA Co. will post 6.22 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. NVIDIA’s dividend payout ratio (DPR) is currently 12.42%.

In related news, CFO Colette Kress sold 171 shares of NVIDIA stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dawn E. Hudson sold 3,052 shares of NVIDIA stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total transaction of $654,318.28. Following the transaction, the director now directly owns 28,816 shares of the company’s stock, valued at $6,177,862.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,136 shares of company stock worth $4,750,260. 5.17% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Raymond James Trust N.A. lifted its holdings in NVIDIA by 1.7% during the 4th quarter. Raymond James Trust N.A. now owns 12,693 shares of the computer hardware maker’s stock valued at $2,457,000 after purchasing an additional 217 shares during the last quarter. Spectrum Management Group Inc. lifted its holdings in NVIDIA by 10.3% during the 4th quarter. Spectrum Management Group Inc. now owns 2,360 shares of the computer hardware maker’s stock valued at $457,000 after purchasing an additional 220 shares during the last quarter. Baker Avenue Asset Management LP lifted its holdings in NVIDIA by 3.9% during the 4th quarter. Baker Avenue Asset Management LP now owns 6,302 shares of the computer hardware maker’s stock valued at $1,219,000 after purchasing an additional 237 shares during the last quarter. First Citizens Bank & Trust Co. lifted its holdings in NVIDIA by 4.5% during the 4th quarter. First Citizens Bank & Trust Co. now owns 5,477 shares of the computer hardware maker’s stock valued at $1,060,000 after purchasing an additional 238 shares during the last quarter. Finally, V Wealth Management LLC lifted its holdings in NVIDIA by 16.4% during the 4th quarter. V Wealth Management LLC now owns 1,720 shares of the computer hardware maker’s stock valued at $380,000 after purchasing an additional 242 shares during the last quarter. 61.46% of the stock is owned by hedge funds and other institutional investors.

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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.

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