NVIDIA Corporation (NVDA) Given “Buy” Rating at B. Riley

B. Riley reaffirmed their buy rating on shares of NVIDIA Corporation (NASDAQ:NVDA) in a report published on Tuesday morning. They currently have a $200.00 price target on the computer hardware maker’s stock.

Several other analysts have also issued reports on NVDA. Vetr upgraded NVIDIA Corporation from a buy rating to a strong-buy rating and set a $174.03 price objective on the stock in a research note on Monday, June 12th. Royal Bank Of Canada upped their price objective on NVIDIA Corporation from $150.00 to $175.00 and gave the company an outperform rating in a research note on Monday, June 12th. Goldman Sachs Group, Inc. (The) restated a buy rating and issued a $171.00 price objective (up previously from $165.00) on shares of NVIDIA Corporation in a research note on Wednesday, June 14th. Raymond James Financial, Inc. restated an outperform rating and issued a $175.00 price objective on shares of NVIDIA Corporation in a research note on Friday, June 16th. Finally, BidaskClub upgraded NVIDIA Corporation from a buy rating to a strong-buy rating in a research note on Friday, June 16th. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $156.80.

Shares of NVIDIA Corporation (NASDAQ:NVDA) traded up 0.85% on Tuesday, reaching $190.54. The company’s stock had a trading volume of 10,357,169 shares. NVIDIA Corporation has a 1-year low of $63.70 and a 1-year high of $192.95. The company’s 50 day moving average is $173.78 and its 200-day moving average is $147.08. The firm has a market cap of $114.32 billion, a price-to-earnings ratio of 54.13 and a beta of 1.28.

NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business’s revenue for the quarter was up 56.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. Equities research analysts expect that NVIDIA Corporation will post $3.64 EPS for the current year.

WARNING: This report was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this report can be read at https://sportsperspectives.com/2017/10/11/nvidia-corporation-nvda-given-buy-rating-at-b-riley.html.

The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.

In related news, Director A Brooke Seawell sold 30,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the completion of the transaction, the director now directly owns 16,507 shares of the company’s stock, valued at approximately $2,809,326.33. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark L. Perry sold 16,281 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $162.24, for a total value of $2,641,429.44. Following the transaction, the director now directly owns 48,069 shares of the company’s stock, valued at $7,798,714.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 396,478 shares of company stock valued at $70,872,012. 5.17% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of NVIDIA Corporation by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after acquiring an additional 2,676,976 shares in the last quarter. Edgewood Management LLC raised its position in shares of NVIDIA Corporation by 21.9% in the 1st quarter. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker’s stock worth $652,270,000 after acquiring an additional 1,074,303 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of NVIDIA Corporation by 8.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock worth $827,110,000 after acquiring an additional 463,306 shares in the last quarter. Janus Capital Management LLC raised its position in shares of NVIDIA Corporation by 20.0% in the 1st quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock worth $584,832,000 after acquiring an additional 895,591 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of NVIDIA Corporation by 19.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after acquiring an additional 768,200 shares in the last quarter. 65.79% of the stock is owned by hedge funds and other institutional investors.

About NVIDIA Corporation

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.

Analyst Recommendations for NVIDIA Corporation (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply