Roth Capital Increases NVIDIA Price Target to $24.00 (NVDA)
Investment analysts at Roth Capital upped their price objective on shares of NVIDIA (NASDAQ:NVDA) from $22.00 to $24.00 in a note issued to investors on Friday. Roth Capital’s price objective would suggest a potential upside of 26.32% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of NVIDIA from $19.00 to $20.00 in a research note on Friday. Separately, analysts at Deutsche Bank raised their price target on shares of NVIDIA from $16.00 to $17.00 in a research note on Friday. Finally, analysts at Canaccord Genuity raised their price target on shares of NVIDIA from $19.00 to $20.00 in a research note on Friday. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.04.
In other NVIDIA news, CAO David M. Shannon sold 2,445 shares of the company’s stock on the open market in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $17.66, for a total value of $43,178.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
NVIDIA (NASDAQ:NVDA) traded up 8.82% during mid-day trading on Friday, hitting $19.00. The stock had a trading volume of 22,366,080 shares. NVIDIA has a one year low of $13.11 and a one year high of $19.73. The stock has a 50-day moving average of $18.44 and a 200-day moving average of $18.18. The company has a market cap of $10.601 billion and a price-to-earnings ratio of 20.49.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.10. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $0.16 earnings per share. NVIDIA’s revenue was up 12.9% compared to the same quarter last year. Analysts expect that NVIDIA will post $0.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, August 19th.
NVIDIA Corporation (NASDAQ:NVDA) is engaged in creating the graphics chips used in personal computers (PCs).
Receive News & Ratings for NVIDIA Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Co and related companies with Analyst Ratings Network's FREE daily email newsletter.