NVIDIA Corporation (NASDAQ:NVDA) has been assigned an average rating of “Buy” from the forty-three brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation, twenty-four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $193.81.
Several equities analysts recently weighed in on the stock. Goldman Sachs Group restated a “buy” rating and set a $228.00 target price on shares of NVIDIA in a report on Friday. Vetr downgraded shares of NVIDIA from a “strong-buy” rating to a “buy” rating and set a $217.46 price target on the stock. in a research note on Wednesday. ValuEngine downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Mizuho reaffirmed a “buy” rating and set a $225.00 price target on shares of NVIDIA in a research note on Tuesday, November 28th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of NVIDIA in a research note on Friday, November 24th.
NVIDIA (NASDAQ:NVDA) traded up $1.76 during trading hours on Friday, hitting $215.35. 11,341,812 shares of the company traded hands, compared to its average volume of 15,444,500. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. The firm has a market cap of $130,800.00, a price-to-earnings ratio of 53.84, a price-to-earnings-growth ratio of 4.95 and a beta of 1.18. NVIDIA has a 1-year low of $95.17 and a 1-year high of $218.67.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. NVIDIA’s payout ratio is presently 15.00%.
In related news, CFO Colette Kress sold 171 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Persis Drell sold 606 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total transaction of $119,424.42. Following the sale, the director now directly owns 26,104 shares of the company’s stock, valued at approximately $5,144,315.28. The disclosure for this sale can be found here. Insiders sold a total of 76,164 shares of company stock valued at $14,793,096 in the last three months. Insiders own 5.82% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of NVIDIA by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after buying an additional 2,676,976 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of NVIDIA by 8.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock valued at $827,110,000 after buying an additional 463,306 shares during the last quarter. Renaissance Technologies LLC boosted its stake in NVIDIA by 19.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after purchasing an additional 768,200 shares during the period. Janus Henderson Group PLC boosted its stake in NVIDIA by 5,424.4% during the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after purchasing an additional 4,022,728 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in NVIDIA by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,052,628 shares of the computer hardware maker’s stock valued at $585,894,000 after purchasing an additional 46,686 shares during the period. 63.41% of the stock is owned by institutional investors and hedge funds.
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NVIDIA Company Profile
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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