NVIDIA Co. (NASDAQ:NVDA)‘s stock had its “conviction-buy” rating restated by stock analysts at Goldman Sachs Group Inc in a report issued on Monday. They presently have a $130.00 target price on the computer hardware maker’s stock. Goldman Sachs Group Inc’s price target would indicate a potential upside of 18.68% from the stock’s current price.

Other research analysts also recently issued reports about the company. S&P Equity Research dropped their price target on NVIDIA from $90.00 to $24.75 in a research report on Thursday, December 29th. Instinet boosted their price objective on NVIDIA to $100.00 in a research report on Friday, February 10th. Stifel Nicolaus boosted their price objective on NVIDIA to $90.00 in a research report on Friday, February 10th. Jefferies Group LLC restated a “buy” rating and set a $110.00 price objective (up from $95.00) on shares of NVIDIA in a research report on Tuesday, December 13th. Finally, Citigroup Inc set a $110.00 price objective on NVIDIA and gave the company a “buy” rating in a research report on Monday, December 12th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $100.69.

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

NVIDIA (NASDAQ:NVDA) traded up 3.19% during midday trading on Monday, reaching $109.45. The company’s stock had a trading volume of 18,714,152 shares. The firm has a 50 day moving average price of $106.83 and a 200 day moving average price of $88.72. NVIDIA has a 1-year low of $33.00 and a 1-year high of $120.92. The firm has a market capitalization of $64.47 billion, a PE ratio of 42.59 and a beta of 1.31.

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NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, February 9th. The computer hardware maker reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.30. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.10 billion. NVIDIA had a return on equity of 34.13% and a net margin of 23.82%. The company’s revenue for the quarter was up 54.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 EPS. On average, analysts predict that NVIDIA will post $2.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Friday, February 24th were issued a $0.14 dividend. The ex-dividend date was Wednesday, February 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.51%. NVIDIA’s dividend payout ratio is presently 21.96%.

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In other NVIDIA news, insider Jen Hsun Huang sold 41,666 shares of the stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $114.53, for a total value of $4,772,006.98. Following the completion of the sale, the insider now directly owns 1,751,872 shares in the company, valued at $200,641,900.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 50,000 shares of the stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $116.70, for a total value of $5,835,000.00. The disclosure for this sale can be found here. Insiders sold 195,017 shares of company stock valued at $21,081,014 in the last quarter. 5.82% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in NVDA. Norges Bank acquired a new stake in shares of NVIDIA during the fourth quarter valued at about $526,137,000. WFG Advisors LP increased its stake in shares of NVIDIA by 423.2% in the fourth quarter. WFG Advisors LP now owns 4,285 shares of the computer hardware maker’s stock valued at $246,000 after buying an additional 3,466 shares during the period. Sandler Capital Management acquired a new stake in shares of NVIDIA during the fourth quarter valued at about $6,923,000. Hanlon Investment Management Inc. acquired a new stake in shares of NVIDIA during the fourth quarter valued at about $3,238,000. Finally, Comprehensive Portfolio Management LLC acquired a new stake in shares of NVIDIA during the fourth quarter valued at about $522,000. Institutional investors own 85.00% of the company’s stock.

About NVIDIA

NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.

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