Nvidia Corp.’s (NVDA) Buy Rating Reiterated at Jefferies Group
Jefferies Group reaffirmed their buy rating on shares of Nvidia Corp. (NASDAQ:NVDA) in a research report report published on Friday. They currently have a $95.00 price target on the computer hardware maker’s stock, up from their previous price target of $80.00.
Several other research analysts also recently commented on NVDA. Mizuho initiated coverage on Nvidia Corp. in a research note on Thursday, July 14th. They issued a buy rating and a $60.00 price objective on the stock. Wells Fargo & Co. downgraded Nvidia Corp. from a market perform rating to an underperform rating and raised their price objective for the stock from $19.09 to $46.70 in a research note on Friday, July 15th. B. Riley reaffirmed a buy rating and issued a $58.00 price objective on shares of Nvidia Corp. in a research note on Saturday, July 16th. Canaccord Genuity reaffirmed a buy rating and issued a $60.00 price objective on shares of Nvidia Corp. in a research note on Monday, July 18th. Finally, Needham & Company LLC reaffirmed a buy rating on shares of Nvidia Corp. in a research note on Monday, July 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $71.58.
Shares of Nvidia Corp. (NASDAQ:NVDA) opened at 86.19 on Friday. The company has a 50-day moving average price of $69.77 and a 200-day moving average price of $56.85. The company has a market cap of $46.37 billion, a P/E ratio of 44.04 and a beta of 1.17. Nvidia Corp. has a 52-week low of $24.75 and a 52-week high of $88.77.
Nvidia Corp. (NASDAQ:NVDA) last posted its earnings results on Thursday, November 10th. The computer hardware maker reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.37. Nvidia Corp. had a return on equity of 26.82% and a net margin of 19.52%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the company earned $0.44 earnings per share. Nvidia Corp.’s revenue was up 53.6% on a year-over-year basis. On average, equities analysts predict that Nvidia Corp. will post $2.42 EPS for the current year.
The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 23rd. 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%. Nvidia Corp.’s dividend payout ratio (DPR) is presently 24.08%.
In related news, Director Persis Drell sold 2,361 shares of the firm’s stock in a transaction on Wednesday, October 12th. The shares were sold at an average price of $66.58, for a total value of $157,195.38. Following the transaction, the director now directly owns 27,152 shares in the company, valued at approximately $1,807,780.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director A Brooke Seawell sold 35,000 shares of the firm’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $87.74, for a total transaction of $3,070,900.00. Following the completion of the transaction, the director now owns 41,213 shares in the company, valued at $3,616,028.62. The disclosure for this sale can be found here. 5.82% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. West Oak Capital LLC raised its stake in 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. Cornerstone Advisors Inc. raised its stake in 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 raised its stake in 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. Advisors Preferred LLC raised its stake in 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. Finally, Brick & Kyle Associates raised its stake in 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. 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.