NVIDIA Stock Rating Reaffirmed by Nomura (NVDA)
NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reaffirmed by equities research analysts at Nomura in a research note issued to investors on Friday. They currently have a $22.00 target price on the stock, up from their previous target price of $20.00. Nomura’s target price would suggest a potential upside of 15.79% from the stock’s previous close.
In other NVIDIA news, CAO David M. Shannon unloaded 2,445 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $17.66, for a total transaction of $43,178.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley raised their price target on shares of NVIDIA from $14.00 to $15.00 in a research note on Friday. They now have an “underperform” rating on the stock. Separately, analysts at Needham & Company LLC upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $23.00 price target on the stock. Finally, analysts at Zacks upgraded shares of NVIDIA from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 17th. They now have a $23.00 price target on the stock. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.04.
NVIDIA (NASDAQ:NVDA) opened at 19.00 on Friday. NVIDIA has a one year low of $13.11 and a one year high of $19.73. The stock’s 50-day moving average is $18.44 and its 200-day moving average is $18.18. The company has a market cap of $10.601 billion and a P/E 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 (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, analysts predict that NVIDIA will post $0.93 earnings per share 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).
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