Shares of NVIDIA Co. (NASDAQ:NVDA) have been given an average rating of “Buy” by the forty-two research firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $215.02.
Several research firms have weighed in on NVDA. BidaskClub raised NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Friday, February 16th. Goldman Sachs Group lowered NVIDIA from a “conviction-buy” rating to a “buy” rating and set a $281.00 target price on the stock. in a report on Thursday, February 1st. Vetr raised NVIDIA from a “hold” rating to a “buy” rating and set a $257.77 target price on the stock in a report on Monday, February 19th. Zacks Investment Research upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $262.00 price objective on the stock in a research report on Wednesday, January 24th. Finally, Nomura upped their price objective on NVIDIA to $225.00 and gave the company a “neutral” rating in a research report on Friday, February 9th.
In other news, Director James C. Gaither sold 40,359 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $245.67, for a total value of $9,914,995.53. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Persis Drell sold 606 shares of the firm’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 transaction, 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. Over the last 90 days, insiders sold 58,443 shares of company stock worth $14,010,937. Company insiders own 5.82% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. SB Investment Advisers UK Ltd. acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $5,200,218,000. Whale Rock Capital Management LLC acquired a new stake in shares of NVIDIA in the third quarter valued at about $93,171,000. Geode Capital Management LLC grew its stake in shares of NVIDIA by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 7,194,300 shares of the computer hardware maker’s stock valued at $1,389,500,000 after buying an additional 512,166 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its stake in shares of NVIDIA by 71.3% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 1,028,663 shares of the computer hardware maker’s stock valued at $199,046,000 after buying an additional 428,046 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC grew its stake in shares of NVIDIA by 957.5% in the third quarter. Zevenbergen Capital Investments LLC now owns 391,565 shares of the computer hardware maker’s stock valued at $70,000,000 after buying an additional 354,537 shares in the last quarter. Institutional investors own 61.46% of the company’s stock.
NVIDIA (NASDAQ NVDA) traded up $3.78 during trading on Friday, reaching $245.93. The company’s stock had a trading volume of 10,380,000 shares, compared to its average volume of 17,250,000. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34. The firm has a market capitalization of $151,360.00, a price-to-earnings ratio of 53.35, a price-to-earnings-growth ratio of 3.80 and a beta of 1.43. NVIDIA has a 12 month low of $95.17 and a 12 month high of $251.97.
NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.56. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. NVIDIA’s revenue was up 34.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.13 earnings per share. equities research analysts anticipate that NVIDIA will post 6.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be issued 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 0.24%. NVIDIA’s dividend payout ratio (DPR) is 13.02%.
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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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