Analysts Set Nvidia Corp. (NVDA) PT at $74.63
Nvidia Corp. (NASDAQ:NVDA) has earned a consensus recommendation of “Buy” from the thirty-seven ratings firms that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation, nineteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $75.00.
Several equities research analysts have recently weighed in on NVDA shares. Needham & Company LLC raised shares of Nvidia Corp. from a “hold” rating to a “buy” rating and upped their price target for the stock from $87.97 to $100.00 in a research report on Monday, November 14th. Citigroup Inc. set a $100.00 price target on shares of Nvidia Corp. and gave the stock a “buy” rating in a research report on Thursday, November 24th. Jefferies Group reaffirmed a “buy” rating and issued a $80.00 price target on shares of Nvidia Corp. in a research report on Monday, October 24th. Zacks Investment Research raised shares of Nvidia Corp. from a “hold” rating to a “strong-buy” rating and set a $78.00 price target for the company in a research report on Monday, November 7th. Finally, Pacific Crest reaffirmed a “hold” rating on shares of Nvidia Corp. in a research report on Friday, August 5th.
In related news, Director A Brooke Seawell sold 35,000 shares of Nvidia Corp. stock in a transaction that occurred on 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 completion of the transaction, the director now owns 41,213 shares in the company, valued at $3,616,028.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jen Hsun Huang sold 43,727 shares of Nvidia Corp. stock in a transaction that occurred on 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 owns 1,827,279 shares of the company’s stock, valued at approximately $114,771,393.99. The disclosure for this sale can be found here. 5.82% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of NVDA. Washington Trust Bank boosted its stake in Nvidia Corp. by 0.8% in the third quarter. Washington Trust Bank now owns 6,753 shares of the computer hardware maker’s stock worth $463,000 after buying an additional 54 shares during the last quarter. IFC Holdings Incorporated FL boosted its stake in 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 worth $596,000 after buying an additional 80 shares during the last quarter. Atlantic Trust Group LLC boosted its stake in 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 worth $1,289,000 after buying an additional 81 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in 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 worth $359,000 after buying an additional 122 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in 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 worth $942,000 after buying an additional 125 shares during the last quarter. Institutional investors own 84.86% of the company’s stock.
Shares of Nvidia Corp. (NASDAQ:NVDA) opened at 92.20 on Monday. Nvidia Corp. has a one year low of $24.75 and a one year high of $95.25. The company has a 50-day moving average of $75.70 and a 200 day moving average of $60.35. The stock has a market cap of $49.70 billion, a PE ratio of 47.11 and a beta of 1.17.
Nvidia Corp. (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, November 10th. The computer hardware maker reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.37. The company earned $2 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Nvidia Corp. had a net margin of 19.52% and a return on equity of 26.82%. The firm’s quarterly revenue was up 53.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS. On average, analysts predict that Nvidia Corp. will post $2.42 earnings per share for the current year.
The company 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. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.56 dividend on an annualized basis and a yield of 0.61%. This is an increase from Nvidia Corp.’s previous quarterly dividend of $0.12. Nvidia Corp.’s payout ratio is currently 29.32%.
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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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