Shares of NVIDIA Corporation (NASDAQ:NVDA) have earned an average recommendation of “Buy” from the forty-four ratings firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $189.73.
A number of research analysts have issued reports on the stock. Canaccord Genuity raised their price target on shares of NVIDIA Corporation from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of NVIDIA Corporation in a report on Friday. B. Riley reaffirmed a “buy” rating and issued a $270.00 price target on shares of NVIDIA Corporation in a report on Tuesday, November 14th. BMO Capital Markets raised shares of NVIDIA Corporation from an “underperform” rating to a “market perform” rating and decreased their price target for the stock from $218.67 to $216.14 in a report on Monday, November 13th. Finally, MKM Partners raised their price target on shares of NVIDIA Corporation and gave the stock a “neutral” rating in a report on Friday, November 10th.
In other NVIDIA Corporation news, insider Jen Hsun Huang sold 110,000 shares of NVIDIA Corporation stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total transaction of $18,268,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director A Brooke Seawell sold 30,000 shares of NVIDIA Corporation stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the sale, the director now owns 16,507 shares of the company’s stock, valued at $2,809,326.33. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 451,503 shares of company stock valued at $81,997,895. Company insiders own 5.17% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of NVIDIA Corporation by 7.1% in 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 purchasing an additional 2,676,976 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of NVIDIA Corporation by 8.8% in 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 purchasing an additional 463,306 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of NVIDIA Corporation by 19.3% in 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 purchasing an additional 768,200 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of NVIDIA Corporation by 5,424.4% in 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 purchasing an additional 4,022,728 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of NVIDIA Corporation by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,052,628 shares of the computer hardware maker’s stock valued at $585,894,000 after purchasing an additional 46,686 shares in the last quarter. Institutional investors and hedge funds own 65.28% of the company’s stock.
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NVIDIA Corporation (NASDAQ NVDA) traded down $0.25 during trading hours on Thursday, reaching $211.36. 12,702,474 shares of the company were exchanged, compared to its average volume of 13,521,291. NVIDIA Corporation has a 12 month low of $84.77 and a 12 month high of $218.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. The stock has a market capitalization of $126,816.00, a PE ratio of 52.06, a price-to-earnings-growth ratio of 4.57 and a beta of 1.23.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the company posted $0.94 earnings per share. equities analysts anticipate that NVIDIA Corporation will post 4.13 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. NVIDIA Corporation’s dividend payout ratio (DPR) is currently 13.90%.
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.
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