NVIDIA (NVDA) Given New $300.00 Price Target at Jefferies Group

NVIDIA (NASDAQ:NVDA) had its price target upped by Jefferies Group from $15.50 to $300.00 in a report released on Friday morning, The Fly reports. The firm currently has a buy rating on the computer hardware maker’s stock.

A number of other research firms have also commented on NVDA. Goldman Sachs Group lowered NVIDIA from a conviction-buy rating to a buy rating and set a $281.00 price target on the stock. in a research report on Thursday, February 1st. Vetr lowered NVIDIA from a hold rating to a sell rating and set a $234.76 price target on the stock. in a research report on Monday, January 29th. Zacks Investment Research upgraded NVIDIA from a hold rating to a buy rating and set a $262.00 price target on the stock in a research report on Wednesday, January 24th. Susquehanna Bancshares restated a neutral rating and set a $200.00 price target (up from $185.00) on shares of NVIDIA in a research report on Thursday. Finally, Bank of America restated a buy rating and set a $275.00 price target (up from $251.00) on shares of NVIDIA in a research report on Friday, January 19th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $210.67.

NVIDIA (NASDAQ NVDA) traded up $14.56 during mid-day trading on Friday, hitting $232.08. The stock had a trading volume of 41,815,578 shares, compared to its average volume of 14,810,000. NVIDIA has a 52 week low of $95.17 and a 52 week high of $249.27. The company has a market cap of $150,050.00, a price-to-earnings ratio of 48.05, a P/E/G ratio of 4.53 and a beta of 1.43. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.56. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a return on equity of 47.44% and a net margin of 31.36%. NVIDIA’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.13 EPS. research analysts expect that NVIDIA will post 4.68 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s dividend payout ratio (DPR) is currently 12.42%.

In other news, Director Persis Drell sold 606 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the transaction, the director now owns 26,104 shares of the company’s stock, valued at approximately $5,144,315.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dawn E. Hudson sold 15,000 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $213.44, for a total value of $3,201,600.00. Following the completion of the transaction, the director now directly owns 46,868 shares in the company, valued at approximately $10,003,505.92. The disclosure for this sale can be found here. In the last three months, insiders sold 19,858 shares of company stock worth $4,227,384. 5.82% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of NVDA. Whale Rock Capital Management LLC acquired a new position in shares of NVIDIA in the 3rd quarter valued at $93,171,000. Old Mutual Global Investors UK Ltd. lifted its stake in shares of NVIDIA by 71.3% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 1,028,663 shares of the computer hardware maker’s stock valued at $199,046,000 after purchasing an additional 428,046 shares during the period. Zevenbergen Capital Investments LLC raised its stake in NVIDIA by 957.5% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 391,565 shares of the computer hardware maker’s stock worth $70,000,000 after buying an additional 354,537 shares during the period. Global X Management Co. LLC raised its stake in NVIDIA by 124.8% during the 4th quarter. Global X Management Co. LLC now owns 616,045 shares of the computer hardware maker’s stock worth $119,205,000 after buying an additional 342,038 shares during the period. Finally, Swedbank raised its stake in NVIDIA by 21.0% during the 3rd quarter. Swedbank now owns 1,690,684 shares of the computer hardware maker’s stock worth $302,244,000 after buying an additional 293,832 shares during the period. 62.84% of the stock is currently owned by institutional investors.

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About NVIDIA

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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