NVIDIA Corp. Sets New 1-Year High at $15.75 (NVDA)
NVIDIA Corp. (NASDAQ:NVDA) set a new 52-week high during trading on Wednesday, American Banking & Market News reports. The stock traded as high as $15.75 and last traded at $15.70, with a volume of 7,080,947 shares. The stock had previously closed at $15.45.
A number of analysts have recently weighed in on NVDA shares. Analysts at Zacks reiterated a “neutral” rating on shares of NVIDIA Corp. (NASDAQ:NVDA) in a research note to investors on Tuesday, August 20th. They now have a $16.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of NVIDIA Corp. (NASDAQ:NVDA) from $14.00 to $15.00 in a research note to investors on Friday, August 9th. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of NVIDIA Corp. (NASDAQ:NVDA) from $13.00 to $16.00 in a research note to investors on Friday, August 9th. They now have a “hold” rating on the stock.
One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $15.06.
NVIDIA Corp. has a 52-week low of $11.15 and a 52-week high of $15.48. The stock has a 50-day moving average of $14.72 and a 200-day moving average of $13.89. The company has a market cap of $9.093 billion and a price-to-earnings ratio of 17.07.
NVIDIA Corp. (NASDAQ:NVDA) last released its earnings data on Thursday, August 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.10. The company had revenue of $977.20 million for the quarter, compared to the consensus estimate of $976.43 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts predict that NVIDIA Corp. will post $0.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 13th. Investors of record on Thursday, August 22nd will be paid a dividend of $0.08 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Tuesday, August 20th.
NVIDIA Corporation (NASDAQ:NVDA) is engaged in creating the graphics chips used in personal computers (PCs).
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