UBS assumed coverage on shares of Nvidia (NASDAQ:NVDA) in a research report sent to investors on Wednesday morning, www.benzinga.com reports. The firm issued a neutral rating and a $250.00 target price on the computer hardware maker’s stock.
NVDA has been the subject of a number of other reports. Vetr lowered Nvidia from a hold rating to a sell rating and set a $234.76 price target for the company. in a research note on Monday, January 29th. Zacks Investment Research lowered Nvidia from a strong-buy rating to a hold rating in a research note on Monday, January 15th. Argus raised their price target on Nvidia from $250.00 to $280.00 and gave the stock a buy rating in a research note on Thursday, March 22nd. They noted that the move was a valuation call. BidaskClub raised Nvidia from a buy rating to a strong-buy rating in a research note on Friday, February 16th. Finally, Royal Bank of Canada reissued an outperform rating and set a $285.00 price target (up from $280.00) on shares of Nvidia in a research note on Wednesday, March 14th. 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 issued a strong buy rating to the company’s stock. Nvidia presently has an average rating of Buy and an average price target of $217.16.
Shares of Nvidia stock opened at $214.25 on Wednesday. The company has a market capitalization of $133,934.91, a PE ratio of 45.88, a P/E/G ratio of 3.48 and a beta of 1.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34. Nvidia has a one year low of $95.49 and a one year 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 the Zacks’ 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 firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period last year, the company earned $1.13 EPS. Nvidia’s quarterly revenue was up 34.0% compared to the same quarter last year. research analysts forecast that Nvidia will post 6.21 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Thursday, February 22nd. Nvidia’s payout ratio is 12.85%.
In other news, Director Mark L. Perry sold 17,307 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $227.93, for a total value of $3,944,784.51. Following the completion of the transaction, the director now directly owns 30,762 shares of the company’s stock, valued at approximately $7,011,582.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Persis Drell sold 5,141 shares of the business’s stock in a transaction on Wednesday, March 28th. The stock was sold at an average price of $220.73, for a total value of $1,134,772.93. Following the transaction, the director now owns 20,963 shares in the company, valued at $4,627,162.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 94,959 shares of company stock valued at $22,692,182. Corporate insiders own 5.82% of the company’s stock.
A number of hedge funds have recently made changes to their positions in NVDA. Country Trust Bank grew its stake in Nvidia by 490.0% during the 4th quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock worth $114,000 after buying an additional 490 shares during the last quarter. Global Trust Asset Management LLC purchased a new position in Nvidia during the 4th quarter worth $116,000. Clearbridge Investments LLC grew its stake in Nvidia by 100.0% during the 4th quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker’s stock worth $116,000 after buying an additional 300 shares during the last quarter. North Star Investment Management Corp. grew its stake in Nvidia by 67.3% during the 4th quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock worth $123,000 after buying an additional 255 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new position in Nvidia during the 4th quarter worth $148,000. Hedge funds and other institutional investors own 66.94% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/04/07/ubs-begins-coverage-on-nvidia-nvda.html.
Nvidia Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
Receive News & Ratings for Nvidia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nvidia and related companies with MarketBeat.com's FREE daily email newsletter.