A number of other research firms have also issued reports on NVDA. Zacks Investment Research raised shares of NVIDIA from a hold rating to a buy rating and set a $218.00 price target for the company in a research report on Wednesday, November 20th. Citigroup reissued a buy rating and set a $245.00 price target on shares of NVIDIA in a research report on Monday, December 9th. Raymond James raised their price target on shares of NVIDIA from $180.00 to $240.00 and gave the stock an outperform rating in a research report on Friday, November 15th. ValuEngine lowered shares of NVIDIA from a buy rating to a hold rating in a research report on Tuesday, November 19th. Finally, Oppenheimer lifted their target price on shares of NVIDIA from $190.00 to $250.00 and gave the company an outperform rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $219.77.
NVDA stock opened at $236.87 on Monday. The firm’s 50-day moving average price is $218.20 and its two-hundred day moving average price is $183.46. NVIDIA has a 12-month low of $124.46 and a 12-month high of $241.81. The stock has a market capitalization of $144.96 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 5.87 and a beta of 2.06. The company has a current ratio of 8.42, a quick ratio of 7.71 and a debt-to-equity ratio of 0.22.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 14th. The computer hardware maker reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.21. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.92 billion. NVIDIA had a net margin of 24.08% and a return on equity of 22.02%. The company’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the business earned $1.84 EPS. Equities analysts predict that NVIDIA will post 4.32 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.64 annualized dividend and a yield of 0.27%. NVIDIA’s dividend payout ratio is currently 10.54%.
In other news, Director Dawn E. Hudson sold 2,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $201.87, for a total value of $403,740.00. Following the completion of the transaction, the director now owns 33,037 shares in the company, valued at $6,669,179.19. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director A Brooke Seawell sold 20,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $212.75, for a total value of $4,255,000.00. Following the completion of the transaction, the director now owns 22,221 shares of the company’s stock, valued at approximately $4,727,517.75. The disclosure for this sale can be found here. Insiders sold 43,785 shares of company stock worth $9,494,784 over the last quarter. 4.64% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. WealthPLAN Partners LLC lifted its stake in shares of NVIDIA by 2.7% in the 3rd quarter. WealthPLAN Partners LLC now owns 1,952 shares of the computer hardware maker’s stock valued at $407,000 after purchasing an additional 51 shares in the last quarter. New England Investment & Retirement Group Inc. lifted its stake in shares of NVIDIA by 2.0% in the 3rd quarter. New England Investment & Retirement Group Inc. now owns 2,625 shares of the computer hardware maker’s stock valued at $457,000 after purchasing an additional 52 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of NVIDIA by 5.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,131 shares of the computer hardware maker’s stock valued at $197,000 after purchasing an additional 56 shares in the last quarter. First Personal Financial Services lifted its stake in shares of NVIDIA by 16.0% in the 3rd quarter. First Personal Financial Services now owns 413 shares of the computer hardware maker’s stock valued at $72,000 after purchasing an additional 57 shares in the last quarter. Finally, Gemmer Asset Management LLC lifted its stake in shares of NVIDIA by 26.1% in the 3rd quarter. Gemmer Asset Management LLC now owns 285 shares of the computer hardware maker’s stock valued at $50,000 after purchasing an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 65.02% of the company’s stock.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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