Vetr lowered shares of NVIDIA (NASDAQ:NVDA) from a strong-buy rating to a buy rating in a report released on Tuesday morning. Vetr currently has $277.06 price objective on the computer hardware maker’s stock.
A number of other analysts have also issued reports on NVDA. Royal Bank of Canada reissued a buy rating on shares of NVIDIA in a research note on Friday, November 24th. Mizuho reissued a buy rating and issued a $225.00 price target on shares of NVIDIA in a research note on Tuesday, November 28th. ValuEngine lowered NVIDIA from a buy rating to a hold rating in a research note on Friday, December 1st. Goldman Sachs reissued a buy rating and issued a $228.00 price target on shares of NVIDIA in a research note on Friday, January 5th. Finally, B. Riley reissued a buy rating and issued a $270.00 price target on shares of NVIDIA in a research note on Monday, January 8th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $212.43.
Shares of NVIDIA (NVDA) opened at $249.58 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 7.34 and a current ratio of 8.03. The company has a market capitalization of $151,540.39, a price-to-earnings ratio of 51.78, a P/E/G ratio of 3.93 and a beta of 1.43. NVIDIA has a 52 week low of $95.49 and a 52 week high of $254.50.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period last year, the company earned $1.13 EPS. The firm’s quarterly revenue was up 34.0% on a year-over-year basis. research analysts expect that NVIDIA will post 6.22 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. NVIDIA’s payout ratio is currently 12.45%.
In related news, Director Mark L. Perry sold 17,307 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $227.93, for a total transaction of $3,944,784.51. Following the sale, the director now directly owns 30,762 shares in the company, valued at approximately $7,011,582.66. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James C. Gaither sold 40,359 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $245.67, for a total value of $9,914,995.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,769 shares of company stock worth $13,883,276. Company insiders own 5.17% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. KCS Wealth Advisory purchased a new stake in NVIDIA during the 4th quarter worth approximately $282,000. Schwab Charles Investment Management Inc. increased its holdings in NVIDIA by 3.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,932,495 shares of the computer hardware maker’s stock worth $345,473,000 after purchasing an additional 71,458 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in NVIDIA by 45.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 27,391 shares of the computer hardware maker’s stock worth $4,897,000 after purchasing an additional 8,605 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in NVIDIA by 31.2% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 400,920 shares of the computer hardware maker’s stock worth $71,672,000 after purchasing an additional 95,311 shares during the last quarter. Finally, Coastline Trust Co purchased a new stake in NVIDIA during the 3rd quarter worth approximately $871,000. Institutional investors own 66.92% 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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