NVIDIA Receives Average Recommendation of “Hold” from Brokerages (NASDAQ:NVDA)
Shares of NVIDIA (NASDAQ:NVDA) have been given a consensus rating of “Hold” by the thirty analysts that are currently covering the company, StockRatingsNetwork.com reports. Six 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 company. The average 12-month target price among analysts that have covered the stock in the last year is $20.04.
NVDA has been the subject of a number of recent research reports. 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.
NVIDIA (NASDAQ:NVDA) opened at 19.39 on Monday. NVIDIA has a 52 week low of $14.52 and a 52 week high of $19.73. The stock has a 50-day moving average of $18.63 and a 200-day moving average of $18.53. The company has a market cap of $10.508 billion and a P/E ratio of 21.06. NVIDIA also was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 51,311,397 shares, an increase of 7.4% from the July 31st total of 47,782,574 shares. Based on an average trading volume of 8,658,752 shares, the short-interest ratio is presently 5.9 days. Currently, 9.7% of the company’s stock are short sold.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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 announced a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Thursday, August 21st will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Tuesday, August 19th.
NVIDIA Corporation (NASDAQ:NVDA) is engaged in creating the graphics chips used in personal computers (PCs).
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