Nvidia Corp. (NVDA) Rating Reiterated by Global Equities Research
Nvidia Corp. (NASDAQ:NVDA)‘s stock had its “overweight” rating restated by stock analysts at Global Equities Research in a report issued on Friday. They currently have a $85.00 price target on the computer hardware maker’s stock. Global Equities Research’s target price suggests a potential upside of 1.63% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. B. Riley reaffirmed a “buy” rating and issued a $64.50 price target on shares of Nvidia Corp. in a report on Friday, August 5th. Argus upped their price target on Nvidia Corp. from $54.00 to $72.00 and gave the company a “buy” rating in a report on Monday, August 15th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.00 price target (up previously from $55.00) on shares of Nvidia Corp. in a report on Thursday, August 11th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. Nvidia Corp. has an average rating of “Buy” and an average price target of $71.58.
Nvidia Corp. (NASDAQ:NVDA) opened at 83.64 on Friday. The firm has a market cap of $45.00 billion, a price-to-earnings ratio of 42.74 and a beta of 1.17. Nvidia Corp. has a 12 month low of $24.75 and a 12 month high of $88.77. The firm’s 50-day moving average price is $69.17 and its 200-day moving average price is $56.48.
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 firm earned $2 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Nvidia Corp. had a return on equity of 26.82% and a net margin of 19.52%. The company’s revenue for the quarter was up 53.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS. Equities research analysts predict that Nvidia Corp. will post $1.85 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, November 28th will be paid a $0.14 dividend. This is a boost from Nvidia Corp.’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Wednesday, November 23rd. Nvidia Corp.’s payout ratio is 24.08%.
In related news, CFO Colette Kress sold 38,039 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $62.18, for a total value of $2,365,265.02. Following the completion of the sale, the chief financial officer now directly owns 512,374 shares in the company, valued at $31,859,415.32. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director A Brooke Seawell sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $62.52, for a total value of $1,875,600.00. Following the completion of the sale, the director now owns 6,213 shares of the company’s stock, valued at $388,436.76. The disclosure for this sale can be found here. 5.82% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of NVDA. West Oak Capital LLC increased its position in shares of Nvidia Corp. by 183.6% in the third quarter. West Oak Capital LLC now owns 1,560 shares of the computer hardware maker’s stock valued at $107,000 after buying an additional 1,010 shares in the last quarter. Brick & Kyle Associates increased its position in shares of Nvidia Corp. by 25.1% in the second quarter. Brick & Kyle Associates now owns 2,502 shares of the computer hardware maker’s stock valued at $118,000 after buying an additional 502 shares in the last quarter. Cornerstone Advisors Inc. increased its position in shares of Nvidia Corp. by 52.2% in the third quarter. Cornerstone Advisors Inc. now owns 1,784 shares of the computer hardware maker’s stock valued at $122,000 after buying an additional 612 shares in the last quarter. Stephens Inc. AR increased its position in shares of Nvidia Corp. by 10.2% in the third quarter. Stephens Inc. AR now owns 1,926 shares of the computer hardware maker’s stock valued at $132,000 after buying an additional 179 shares in the last quarter. Finally, Advisors Preferred LLC increased its position in shares of Nvidia Corp. by 791.9% in the third quarter. Advisors Preferred LLC now owns 2,310 shares of the computer hardware maker’s stock valued at $158,000 after buying an additional 2,051 shares in the last quarter. Institutional investors and hedge funds own 86.45% 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.
Receive News & Stock Ratings for Nvidia Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nvidia Corp. and related stocks with our FREE daily email newsletter.