Nvidia Corp. (NVDA) Stock Rating Upgraded by Vetr Inc.
Nvidia Corp. (NASDAQ:NVDA) was upgraded by stock analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued on Monday. The brokerage presently has a $92.00 price objective on the computer hardware maker’s stock. Vetr‘s target price suggests a potential downside of 1.34% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. B. Riley restated a “buy” rating and set a $64.50 target price on shares of Nvidia Corp. in a report on Friday, August 5th. Argus increased their target price on shares of Nvidia Corp. from $54.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, August 15th. Finally, Morgan Stanley restated an “equal weight” rating and set a $64.00 target price (up previously from $55.00) on shares of Nvidia Corp. in a report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $72.50.
Shares of Nvidia Corp. (NASDAQ:NVDA) opened at 93.25 on Monday. The firm has a market capitalization of $50.26 billion, a price-to-earnings ratio of 47.65 and a beta of 1.17. The firm has a 50-day moving average of $75.70 and a 200 day moving average of $60.35. Nvidia Corp. has a 52-week low of $24.75 and a 52-week high of $95.25.
Nvidia Corp. (NASDAQ:NVDA) last announced its earnings results on Thursday, November 10th. The computer hardware maker reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.37. Nvidia Corp. had a net margin of 19.52% and a return on equity of 26.82%. The business earned $2 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The firm’s revenue was up 53.6% on a year-over-year basis. Analysts predict that Nvidia Corp. will post $2.42 EPS for the current year.
The company 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 represents a $0.56 dividend on an annualized basis and a yield of 0.60%. This is an increase from Nvidia Corp.’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, November 23rd. Nvidia Corp.’s payout ratio is currently 29.32%.
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In related news, Director A Brooke Seawell sold 35,000 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $87.74, for a total value of $3,070,900.00. Following the transaction, the director now directly owns 41,213 shares of the company’s stock, valued at approximately $3,616,028.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jen Hsun Huang sold 43,727 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $62.81, for a total transaction of $2,746,492.87. Following the completion of the transaction, the insider now directly owns 1,827,279 shares in the company, valued at $114,771,393.99. The disclosure for this sale can be found here. Company insiders own 5.82% of the company’s stock.
Several institutional 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 worth $107,000 after buying an additional 1,010 shares during the period. 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 period. 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 period. 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 period. 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 period. 84.86% of the stock is currently owned by institutional investors.
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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