BidaskClub lowered shares of NVIDIA (NASDAQ:NVDA) from a strong-buy rating to a buy rating in a research note published on Tuesday, BidAskClub reports.
Other equities research analysts have also recently issued reports about the company. SunTrust Banks cut their target price on NVIDIA to $187.00 in a research note on Tuesday, January 29th. TheStreet upgraded NVIDIA from a c+ rating to a b- rating in a research note on Thursday, April 4th. Daiwa Capital Markets set a $165.00 target price on NVIDIA and gave the company a buy rating in a research note on Tuesday, January 29th. Mizuho cut their target price on NVIDIA to $200.00 and set a buy rating on the stock in a research note on Tuesday, January 29th. Finally, Jefferies Financial Group cut their target price on NVIDIA to $185.00 and set a buy rating on the stock in a research note on Tuesday, January 29th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-six have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $204.46.
Shares of NVDA opened at $188.21 on Tuesday. NVIDIA has a 12-month low of $124.46 and a 12-month high of $292.76. The firm has a market cap of $112.39 billion, a P/E ratio of 31.01, a PEG ratio of 4.46 and a beta of 1.90. The company has a current ratio of 7.94, a quick ratio of 6.76 and a debt-to-equity ratio of 0.21.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.27. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the business posted $1.72 earnings per share. The firm’s revenue for the quarter was down 24.3% on a year-over-year basis. As a group, analysts predict that NVIDIA will post 4.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Thursday, February 28th. NVIDIA’s dividend payout ratio is currently 10.54%.
In related news, EVP Debora Shoquist sold 5,823 shares of NVIDIA stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the transaction, the executive vice president now directly owns 171,783 shares of the company’s stock, valued at $31,779,855. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 14,092 shares of NVIDIA stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $183.33, for a total value of $2,583,486.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,029 shares of company stock worth $3,678,385. Company insiders own 4.70% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in NVIDIA by 4.0% during the third quarter. Vanguard Group Inc. now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after acquiring an additional 1,693,736 shares during the period. Vanguard Group Inc grew its holdings in NVIDIA by 4.0% during the third quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after acquiring an additional 1,693,736 shares during the period. BlackRock Inc. grew its holdings in NVIDIA by 1.0% during the fourth quarter. BlackRock Inc. now owns 39,307,194 shares of the computer hardware maker’s stock worth $5,247,509,000 after acquiring an additional 378,149 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in NVIDIA by 8,687.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,509,787 shares of the computer hardware maker’s stock worth $161,000 after acquiring an additional 21,265,009 shares during the period. Finally, Geode Capital Management LLC grew its holdings in NVIDIA by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 8,129,007 shares of the computer hardware maker’s stock worth $1,083,400,000 after acquiring an additional 266,779 shares during the period. 69.81% of the stock is currently owned by hedge funds and other institutional investors.
NVIDIA Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates in 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 artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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