NVIDIA Co. (NVDA) Receives Consensus Rating of “Hold” from Analysts
Shares of NVIDIA Co. (NASDAQ:NVDA) have been assigned an average recommendation of “Hold” from the forty-one brokerages that are presently covering the stock. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $113.75.
A number of research firms have recently commented on NVDA. Summit Redstone set a $120.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research note on Saturday, February 11th. Vetr raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating and set a $117.19 price objective on the stock in a research note on Thursday, May 4th. Stifel Nicolaus upped their price objective on shares of NVIDIA from $90.00 to $93.00 and gave the company a “hold” rating in a research note on Wednesday, May 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $140.00 price objective on shares of NVIDIA in a research note on Friday. Finally, Zacks Investment Research raised shares of NVIDIA from a “sell” rating to a “hold” rating in a research note on Monday, May 8th.
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In other news, Director Persis Drell sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $130.02, for a total value of $325,050.00. Following the completion of the transaction, the director now directly owns 24,652 shares in the company, valued at $3,205,253.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jen Hsun Huang sold 41,670 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $98.30, for a total transaction of $4,096,161.00. Following the completion of the transaction, the insider now owns 1,811,456 shares of the company’s stock, valued at $178,066,124.80. The disclosure for this sale can be found here. Insiders sold 340,247 shares of company stock valued at $38,169,423 over the last 90 days. 5.82% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in NVDA. Vanguard Group Inc. increased its stake in shares of NVIDIA by 7.4% in the first quarter. Vanguard Group Inc. now owns 37,580,211 shares of the computer hardware maker’s stock worth $4,093,612,000 after buying an additional 2,597,209 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of NVIDIA by 36.7% in the fourth quarter. Baillie Gifford & Co. now owns 14,140,920 shares of the computer hardware maker’s stock worth $1,509,402,000 after buying an additional 3,795,368 shares in the last quarter. Jennison Associates LLC increased its stake in shares of NVIDIA by 36.6% in the third quarter. Jennison Associates LLC now owns 12,844,514 shares of the computer hardware maker’s stock worth $880,106,000 after buying an additional 3,441,948 shares in the last quarter. Edgewood Management LLC increased its stake in shares of NVIDIA by 21.9% in the first quarter. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker’s stock worth $652,270,000 after buying an additional 1,074,303 shares in the last quarter. Finally, Janus Capital Management LLC increased its stake in shares of NVIDIA by 20.0% in the first quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock worth $584,832,000 after buying an additional 895,591 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.
NVIDIA (NASDAQ:NVDA) traded down 1.35% during midday trading on Tuesday, reaching $137.03. 1,451,357 shares of the company’s stock traded hands. NVIDIA has a 1-year low of $44.30 and a 1-year high of $139.79. The firm has a market cap of $81.12 billion, a price-to-earnings ratio of 46.00 and a beta of 1.31. The stock’s 50 day moving average price is $109.49 and its 200 day moving average price is $103.38.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.16. NVIDIA had a net margin of 23.82% and a return on equity of 34.13%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the firm posted $0.46 EPS. The company’s quarterly revenue was up 48.7% on a year-over-year basis. Equities research analysts anticipate that NVIDIA will post $3.08 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Tuesday, May 23rd will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.40%. NVIDIA’s dividend payout ratio (DPR) is currently 21.96%.
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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