Vetr upgraded shares of NVIDIA Corporation (NASDAQ:NVDA) from a hold rating to a buy rating in a report published on Tuesday. The firm currently has $196.86 price target on the computer hardware maker’s stock.
NVDA has been the subject of a number of other reports. Royal Bank Of Canada reissued an outperform rating and set a $175.00 target price on shares of NVIDIA Corporation in a research note on Thursday, July 13th. BidaskClub lowered shares of NVIDIA Corporation from a strong-buy rating to a buy rating in a research note on Wednesday, June 28th. Needham & Company LLC reissued a buy rating on shares of NVIDIA Corporation in a research note on Friday, August 11th. Citigroup Inc. reissued a buy rating and set a $210.00 target price (up from $185.00) on shares of NVIDIA Corporation in a research note on Friday, September 29th. Finally, Susquehanna Bancshares Inc reissued a neutral rating on shares of NVIDIA Corporation in a research note on Monday, July 3rd. Six research analysts have rated the stock with a sell rating, eleven 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. NVIDIA Corporation presently has an average rating of Hold and a consensus price target of $159.23.
NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business’s revenue was up 56.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share.
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The company also recently announced a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 24th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.29%. NVIDIA Corporation’s payout ratio is 15.86%.
In other NVIDIA Corporation news, Director Tench Coxe sold 50,000 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $189.62, for a total transaction of $9,481,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 22,808 shares of the business’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $185.31, for a total value of $4,226,550.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 452,784 shares of company stock worth $81,437,724. 5.82% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Evercore Wealth Management LLC raised its holdings in shares of NVIDIA Corporation by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after acquiring an additional 206 shares during the last quarter. TB Alternative Assets Ltd. acquired a new position in shares of NVIDIA Corporation in the second quarter worth $116,000. Thompson Davis & CO. Inc. raised its holdings in shares of NVIDIA Corporation by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after acquiring an additional 6 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after acquiring an additional 547 shares during the last quarter. Finally, Hanson McClain Inc. raised its holdings in shares of NVIDIA Corporation by 12.7% in the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after acquiring an additional 99 shares during the last quarter. 65.79% of the stock is owned by institutional investors.
NVIDIA Corporation Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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