NVIDIA (NASDAQ:NVDA) had its target price boosted by Morgan Stanley from $222.00 to $258.00 in a report issued on Friday morning. They currently have an equal weight rating on the computer hardware maker’s stock.
Several other brokerages have also issued reports on NVDA. Oppenheimer reiterated a hold rating on shares of NVIDIA in a research report on Sunday, November 5th. Bank of America reiterated a buy rating and issued a $275.00 target price (up from $251.00) on shares of NVIDIA in a research report on Friday, January 19th. B. Riley reiterated a buy rating and issued a $270.00 target price on shares of NVIDIA in a research report on Monday, January 8th. Jefferies Group upped their target price on shares of NVIDIA from $230.00 to $240.00 and gave the stock a buy rating in a research report on Friday, November 10th. Finally, Barclays upped their target price on shares of NVIDIA from $200.00 to $225.00 and gave the stock an equal weight rating in a research report on Friday, November 10th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. NVIDIA has a consensus rating of Buy and a consensus target price of $210.67.
NVIDIA (NASDAQ NVDA) opened at $228.03 on Friday. NVIDIA has a 1 year low of $95.17 and a 1 year high of $249.27. The stock has a market cap of $138,190.00, a price-to-earnings ratio of 47.21, a P/E/G ratio of 4.83 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, February 22nd. NVIDIA’s dividend payout ratio is currently 12.42%.
In other NVIDIA news, Director A Brooke Seawell sold 1,029 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $214.10, for a total value of $220,308.90. Following the sale, the director now owns 1,029 shares in the company, valued at $220,308.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 171 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $185.57, for a total transaction of $31,732.47. The disclosure for this sale can be found here. Insiders have sold 4,858 shares of company stock worth $1,025,784 in the last quarter. 5.17% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC grew its holdings in NVIDIA by 160.9% in the third quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock worth $35,001,000 after purchasing an additional 120,734 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in NVIDIA by 1.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 829,595 shares of the computer hardware maker’s stock worth $148,307,000 after purchasing an additional 9,565 shares during the period. KCS Wealth Advisory purchased a new stake in NVIDIA in the fourth quarter worth about $282,000. Schwab Charles Investment Management Inc. grew its holdings in NVIDIA by 3.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,932,495 shares of the computer hardware maker’s stock worth $345,473,000 after purchasing an additional 71,458 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in NVIDIA by 45.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 27,391 shares of the computer hardware maker’s stock worth $4,897,000 after purchasing an additional 8,605 shares during the period. Institutional investors and hedge funds own 62.70% of the company’s stock.
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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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