BidaskClub upgraded shares of NVIDIA (NASDAQ:NVDA) from a buy rating to a strong-buy rating in a research report report published on Friday.
NVDA has been the topic of several other research reports. Jefferies Group raised their price target 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. Vetr upgraded shares of NVIDIA from a hold rating to a buy rating and set a $203.56 price target on the stock in a research note on Wednesday, October 25th. Royal Bank of Canada restated an outperform rating and issued a $230.00 price target (up previously from $220.00) on shares of NVIDIA in a research note on Monday, October 30th. B. Riley raised their price target 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, Morgan Stanley raised their price target on shares of NVIDIA from $168.00 to $210.00 and gave the company an equal weight rating in a research note on Monday, November 6th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $210.97.
NVIDIA (NASDAQ NVDA) opened at $243.84 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 twelve month low of $95.17 and a twelve month high of $250.00. The stock has a market cap of $147,770.00, a PE ratio of 50.48, 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 (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the company posted $1.13 earnings per share. NVIDIA’s revenue was up 34.0% on a year-over-year basis. equities analysts expect that NVIDIA will post 6.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s payout ratio is 12.42%.
In related news, Director Dawn E. Hudson sold 3,052 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total transaction of $654,318.28. Following the completion of the sale, the director now directly owns 28,816 shares in the company, valued at $6,177,862.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Persis Drell sold 606 shares of the firm’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 transaction of $119,424.42. Following the sale, the director now owns 26,104 shares of the company’s stock, valued at $5,144,315.28. The disclosure for this sale can be found here. Insiders have sold 21,136 shares of company stock valued at $4,750,260 over the last 90 days. 5.17% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. SG Americas Securities LLC boosted its holdings in 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 in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in NVIDIA by 1.2% during 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 bought a new stake in NVIDIA during the fourth quarter worth approximately $282,000. Schwab Charles Investment Management Inc. boosted its holdings in NVIDIA by 3.8% during 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. boosted its holdings in NVIDIA by 45.8% during 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. Hedge funds and other institutional investors own 61.46% 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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