Rosenblatt Securities Increases NVIDIA Corporation (NVDA) Price Target to $250.00

NVIDIA Corporation (NASDAQ:NVDA) had its target price lifted by Rosenblatt Securities from $180.00 to $250.00 in a report issued on Friday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the computer hardware maker’s stock.

Other equities analysts have also issued research reports about the stock. Jefferies Group LLC reaffirmed a buy rating and set a $180.00 price target on shares of NVIDIA Corporation in a research report on Thursday, August 10th. Citigroup Inc. reaffirmed a buy rating and set a $180.00 price target on shares of NVIDIA Corporation in a research report on Thursday, August 10th. Canaccord Genuity reaffirmed a buy rating and set a $180.00 price target (up previously from $155.00) on shares of NVIDIA Corporation in a research report on Monday, July 24th. Summit Redstone reaffirmed a buy rating on shares of NVIDIA Corporation in a research report on Saturday, July 22nd. Finally, Mizuho reaffirmed a buy rating and set a $170.00 price target on shares of NVIDIA Corporation in a research report on Friday, July 21st. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. NVIDIA Corporation presently has an average rating of Buy and a consensus price target of $185.41.

Shares of NVIDIA Corporation (NVDA) traded up $1.91 during mid-day trading on Friday, reaching $214.54. 6,780,551 shares of the company traded hands, compared to its average volume of 17,758,639. NVIDIA Corporation has a 1 year low of $83.62 and a 1 year high of $218.67. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $127,580.00, a price-to-earnings ratio of 53.24, a price-to-earnings-growth ratio of 5.34 and a beta of 1.23.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the business posted $0.94 earnings per share. NVIDIA Corporation’s revenue for the quarter was up 31.5% compared to the same quarter last year. sell-side analysts anticipate that NVIDIA Corporation will post 3.61 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.15 per share. This is a positive change from NVIDIA Corporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. NVIDIA Corporation’s dividend payout ratio (DPR) is 14.00%.

In other news, CFO Colette Kress sold 22,808 shares of the firm’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $185.31, for a total transaction of $4,226,550.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Byron sold 409 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $171.01, for a total transaction of $69,943.09. Following the transaction, the insider now owns 136,199 shares of the company’s stock, valued at approximately $23,291,390.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 436,503 shares of company stock valued at $78,796,295. Insiders own 5.17% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Welch Investments LLC acquired a new position in shares of NVIDIA Corporation in the third quarter worth about $104,000. Evercore Wealth Management LLC boosted 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 buying an additional 206 shares during the period. TB Alternative Assets Ltd. acquired a new position in shares of NVIDIA Corporation in the second quarter worth about $116,000. Thompson Davis & CO. Inc. boosted 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 buying an additional 6 shares during the period. Finally, Edge Advisors LLC boosted its holdings in shares of NVIDIA Corporation by 98.8% in the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock worth $149,000 after buying an additional 415 shares during the period. Institutional investors 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.

Analyst Recommendations for NVIDIA Corporation (NASDAQ:NVDA)

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