NVIDIA Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:NVDA)
NVIDIA (NASDAQ:NVDA) has earned an average rating of “Hold” from the thirty ratings firms that are presently covering the company, Stock Ratings Network.com reports. Six investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $20.04.
Several analysts have recently commented on the stock. Analysts at Roth Capital raised their price target on shares of NVIDIA from $22.00 to $24.00 in a research note on Friday, August 8th. Separately, 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, August 8th. Finally, analysts at Deutsche Bank raised their price target on shares of NVIDIA from $16.00 to $17.00 in a research note on Friday, August 8th.
In other NVIDIA news, CAO David M. Shannon unloaded 2,446 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $18.85, for a total value of $46,107.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of NVIDIA (NASDAQ:NVDA) traded up 0.89% on Monday, hitting $19.25. 885,101 shares of the company’s stock traded hands. NVIDIA has a 1-year low of $14.52 and a 1-year high of $19.73. The stock has a 50-day moving average of $18.57 and a 200-day moving average of $18.42. The company has a market cap of $10.432 billion and a price-to-earnings ratio of 20.90.
NVIDIA (NASDAQ:NVDA) last announced its 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 $1.02 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 1.78%. 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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