BMO Capital Markets restated their hold rating on shares of Nvidia Corp. (NASDAQ:NVDA) in a report released on Friday morning. They currently have a $75.00 price objective on the computer hardware maker’s stock, up from their previous price objective of $59.00.

Other analysts also recently issued research reports about the stock. RBC Capital Markets increased their target price on shares of Nvidia Corp. to $95.00 in a research report on Friday, November 11th. Needham & Company LLC reaffirmed a buy rating on shares of Nvidia Corp. in a research report on Monday, July 18th. Canaccord Genuity reaffirmed a buy rating and issued a $60.00 price objective on shares of Nvidia Corp. in a research report on Monday, July 18th. B. Riley reaffirmed a buy rating and issued a $58.00 price objective on shares of Nvidia Corp. in a research report on Saturday, July 16th. Finally, Mizuho initiated coverage on shares of Nvidia Corp. in a research report on Thursday, July 14th. They issued a buy rating and a $60.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $71.58.

Analyst Recommendations for Nvidia Corp. (NASDAQ:NVDA)

Shares of Nvidia Corp. (NASDAQ:NVDA) opened at 86.19 on Friday. Nvidia Corp. has a 12 month low of $24.75 and a 12 month high of $88.77. The stock’s 50 day moving average is $69.77 and its 200 day moving average is $56.85. The stock has a market cap of $46.37 billion, a P/E ratio of 44.04 and a beta of 1.17.

Nvidia Corp. (NASDAQ:NVDA) last posted its earnings results on Thursday, November 10th. The computer hardware maker reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.37. The firm earned $2 billion during the quarter, compared to the consensus estimate of $1.69 billion. Nvidia Corp. had a net margin of 19.52% and a return on equity of 26.82%. The company’s revenue was up 53.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. Analysts predict that Nvidia Corp. will post $2.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Monday, November 28th will be issued a dividend of $0.14 per share. This is a positive change from Nvidia Corp.’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Wednesday, November 23rd. Nvidia Corp.’s payout ratio is currently 24.08%.

In other news, insider Michael Byron sold 409 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $63.35, for a total value of $25,910.15. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $87.74, for a total value of $3,070,900.00. Following the completion of the transaction, the director now owns 41,213 shares in the company, valued at approximately $3,616,028.62. The disclosure for this sale can be found here. Company insiders own 5.82% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. 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 worth $107,000 after buying an additional 1,010 shares during 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 worth $118,000 after buying an additional 502 shares during 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 worth $122,000 after buying an additional 612 shares during 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 worth $132,000 after buying an additional 179 shares during 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 worth $158,000 after buying an additional 2,051 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

About Nvidia Corp.

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.

5 Day Chart for NASDAQ:NVDA

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