Nvidia Corp. (NVDA) Earns Market Perform Rating from Oppenheimer Holdings Inc.
Nvidia Corp. (NASDAQ:NVDA)‘s stock had its “market perform” rating reaffirmed by research analysts at Oppenheimer Holdings Inc. in a research report issued on Friday.
Other analysts have also recently issued reports about the company. B. Riley reissued a “buy” rating and issued a $64.50 price target on shares of Nvidia Corp. in a report on Friday, August 5th. Citigroup Inc. set a $100.00 price objective on Nvidia Corp. and gave the stock a “buy” rating in a report on Friday. Finally, Barclays PLC raised Nvidia Corp. from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $54.00 to $72.00 in a report on Friday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $70.57.
Shares of Nvidia Corp. (NASDAQ:NVDA) opened at 87.97 on Friday. Nvidia Corp. has a one year low of $24.75 and a one year high of $88.77. The stock has a market capitalization of $47.06 billion, a PE ratio of 57.80 and a beta of 1.17. The firm has a 50-day moving average price of $68.65 and a 200 day moving average price of $55.87.
Nvidia Corp. (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, November 10th. The computer hardware maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.57 by $0.37. The business earned $2 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Nvidia Corp. had a return on equity of 28.26% and a net margin of 19.52%. The company’s quarterly revenue was up 53.6% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. On average, equities analysts expect that Nvidia Corp. will post $1.85 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, November 28th will be issued a $0.14 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.64%. This is a positive change from Nvidia Corp.’s previous quarterly dividend of $0.12. Nvidia Corp.’s dividend payout ratio is presently 24.08%.
In other news, Director Tench Coxe sold 48,000 shares of the stock in a transaction on Monday, September 19th. The stock was sold at an average price of $63.66, for a total value of $3,055,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jen Hsun Huang sold 41,666 shares of the stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $66.42, for a total value of $2,767,455.72. Following the sale, the insider now owns 1,751,872 shares of the company’s stock, valued at $116,359,338.24. The disclosure for this sale can be found here. 5.82% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in NVDA. Washington Trust Bank raised its stake in shares of Nvidia Corp. by 0.8% in the third quarter. Washington Trust Bank now owns 6,753 shares of the computer hardware maker’s stock valued at $463,000 after buying an additional 54 shares in the last quarter. IFC Holdings Incorporated FL raised its stake in shares of Nvidia Corp. by 0.9% in the third quarter. IFC Holdings Incorporated FL now owns 8,719 shares of the computer hardware maker’s stock valued at $596,000 after buying an additional 80 shares in the last quarter. Atlantic Trust Group LLC raised its stake in shares of Nvidia Corp. by 0.3% in the second quarter. Atlantic Trust Group LLC now owns 27,441 shares of the computer hardware maker’s stock valued at $1,289,000 after buying an additional 81 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in shares of Nvidia Corp. by 2.4% in the third quarter. Koshinski Asset Management Inc. now owns 5,234 shares of the computer hardware maker’s stock valued at $359,000 after buying an additional 122 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Nvidia Corp. by 0.9% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 13,743 shares of the computer hardware maker’s stock valued at $942,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 86.24% of the company’s stock.
Nvidia Corp. Company Profile
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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