NVIDIA Corporation (NASDAQ:NVDA) had its target price upped by Royal Bank Of Canada from $230.00 to $240.00 in a research report sent to investors on Friday, Marketbeat.com reports. The brokerage currently has an outperform rating on the computer hardware maker’s stock.
NVDA has been the topic of a number of other research reports. Vetr lowered NVIDIA Corporation from a buy rating to a hold rating and set a $172.54 price target on the stock. in a research note on Thursday, August 31st. Credit Suisse Group reissued an outperform rating on shares of NVIDIA Corporation in a research note on Thursday, August 31st. Goldman Sachs Group, Inc. (The) increased their price target on NVIDIA Corporation from $193.00 to $217.00 and gave the stock a buy rating in a research note on Wednesday, October 11th. B. Riley increased their price target on NVIDIA Corporation from $200.00 to $250.00 and gave the stock a buy rating in a research note on Monday, November 6th. Finally, Needham & Company LLC reissued a buy rating and set a $200.00 price target on shares of NVIDIA Corporation in a research note on Thursday, September 28th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. NVIDIA Corporation currently has an average rating of Buy and a consensus price target of $185.41.
Shares of NVIDIA Corporation (NVDA) traded up $1.55 during trading on Friday, hitting $214.18. The company’s stock had a trading volume of 6,160,031 shares, compared to its average volume of 17,758,639. NVIDIA Corporation has a one year low of $83.62 and a one year high of $218.67. The stock has a market cap of $127,580.00, a price-to-earnings ratio of 53.24, a PEG ratio of 5.34 and a beta of 1.23. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.39. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the company posted $0.94 EPS. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. analysts forecast that NVIDIA Corporation will post 3.61 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Wednesday, November 22nd. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. NVIDIA Corporation’s payout ratio is 14.00%.
In other news, insider Jen Hsun Huang sold 110,000 shares of NVIDIA Corporation stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $166.08, for a total transaction of $18,268,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $189.62, for a total value of $9,481,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 436,503 shares of company stock worth $78,796,295. Corporate insiders own 5.17% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of NVIDIA Corporation by 7.1% during the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after acquiring an additional 2,676,976 shares during the period. Ameriprise Financial Inc. increased its stake in shares of NVIDIA Corporation by 8.8% during the second quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock valued at $827,110,000 after acquiring an additional 463,306 shares during the period. Janus Capital Management LLC increased its stake in shares of NVIDIA Corporation by 20.0% during the first quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock valued at $584,832,000 after acquiring an additional 895,591 shares during the period. Renaissance Technologies LLC increased its stake in shares of NVIDIA Corporation by 19.3% during the second quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after acquiring an additional 768,200 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of NVIDIA Corporation by 5,424.4% during the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after acquiring an additional 4,022,728 shares during the period. Institutional investors and hedge funds own 65.40% of the company’s stock.
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.
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