NVIDIA Corporation (NVDA) Given Average Rating of “Hold” by Brokerages
NVIDIA Corporation (NASDAQ:NVDA) has earned an average recommendation of “Hold” from the forty-two analysts that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $141.19.
A number of equities analysts have issued reports on the stock. B. Riley reissued a “buy” rating and set a $135.00 price target on shares of NVIDIA Corporation in a research report on Monday, May 8th. UBS AG reissued a “buy” rating and set a $132.00 price target on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $165.00 price target (up from $130.00) on shares of NVIDIA Corporation in a research report on Monday, May 15th. Susquehanna Bancshares Inc reissued a “neutral” rating on shares of NVIDIA Corporation in a research report on Monday, July 3rd. Finally, Barclays PLC reissued an “equal weight” rating and set a $105.00 price target (up from $90.00) on shares of NVIDIA Corporation in a research report on Wednesday, May 10th.
In related news, Director Tench Coxe sold 50,000 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $164.53, for a total value of $8,226,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark L. Perry sold 16,281 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $162.24, for a total transaction of $2,641,429.44. Following the completion of the sale, the director now owns 48,069 shares in the company, valued at $7,798,714.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 411,801 shares of company stock worth $64,525,721. 5.82% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of NVDA. Intl Fcstone Inc. bought a new stake in shares of NVIDIA Corporation during the second quarter valued at about $254,000. Achmea Investment Management B.V. raised its stake in shares of NVIDIA Corporation by 3.9% in the second quarter. Achmea Investment Management B.V. now owns 25,357 shares of the computer hardware maker’s stock worth $3,663,000 after buying an additional 941 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of NVIDIA Corporation during the second quarter worth about $28,543,000. Sentry Investment Management LLC raised its stake in shares of NVIDIA Corporation by 66.0% in the second quarter. Sentry Investment Management LLC now owns 46,589 shares of the computer hardware maker’s stock worth $6,735,000 after buying an additional 18,518 shares during the period. Finally, Atlantic Trust LLC raised its stake in shares of NVIDIA Corporation by 2,103.3% in the second quarter. Atlantic Trust LLC now owns 11,193 shares of the computer hardware maker’s stock worth $1,618,000 after buying an additional 10,685 shares during the period. Hedge funds and other institutional investors own 66.41% of the company’s stock.
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Shares of NVIDIA Corporation (NVDA) traded up 0.60% during mid-day trading on Friday, reaching $170.46. 11,135,787 shares of the company’s stock were exchanged. The company has a market capitalization of $102.28 billion, a PE ratio of 49.03 and a beta of 1.24. NVIDIA Corporation has a one year low of $57.32 and a one year high of $174.56. The company’s 50-day moving average price is $165.46 and its 200-day moving average price is $132.97.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the firm posted $0.53 EPS. NVIDIA Corporation’s revenue for the quarter was up 56.2% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Corporation will post $3.60 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 24th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.56 annualized dividend and a yield of 0.33%. NVIDIA Corporation’s dividend payout ratio (DPR) is currently 15.86%.
About NVIDIA Corporation
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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