NVIDIA Hits New 52-Week High at $19.75 (NVDA)
NVIDIA (NASDAQ:NVDA) shares reached a new 52-week high during trading on Wednesday , Analyst Ratings Network.com reports. The company traded as high as $19.75 and last traded at $19.74, with a volume of 3,576,171 shares trading hands. The stock had previously closed at $19.50.
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. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $20.04.
The stock’s 50-day moving average is $18.64 and its 200-day moving average is $18.6. The company has a market cap of $10.665 billion and a price-to-earnings ratio of 21.35.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. 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. Investors 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 1.74%. 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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