Jefferies Group LLC reiterated their buy rating on shares of NVIDIA Corporation (NASDAQ:NVDA) in a report issued on Tuesday. They currently have a $180.00 price target on the computer hardware maker’s stock.

NVDA has been the subject of a number of other research reports. UBS AG reissued a buy rating and set a $148.00 target price (up previously from $135.00) on shares of NVIDIA Corporation in a research note on Friday, May 19th. B. Riley reissued a buy rating and set a $200.00 target price on shares of NVIDIA Corporation in a research note on Sunday, August 13th. Stifel Nicolaus reissued a hold rating and set a $110.00 target price on shares of NVIDIA Corporation in a research note on Friday, August 11th. Instinet reissued a reduce rating and set a $110.00 target price (up previously from $90.00) on shares of NVIDIA Corporation in a research note on Monday, August 14th. Finally, Vetr downgraded shares of NVIDIA Corporation from a strong-buy rating to a hold rating and set a $173.32 target price for the company. in a research note on Tuesday, August 15th. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Hold and an average price target of $145.10.

NVIDIA Corporation (NASDAQ:NVDA) opened at 167.831 on Tuesday. The stock has a 50 day moving average of $165.48 and a 200 day moving average of $135.45. The firm has a market cap of $100.70 billion, a price-to-earnings ratio of 48.269 and a beta of 1.25. NVIDIA Corporation has a one year low of $59.51 and a one year high of $174.56.

NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The company’s revenue for the quarter was up 56.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. Equities research analysts predict that NVIDIA Corporation will post $3.61 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio (DPR) is currently 15.86%.

In related news, Director Harvey C. Jones sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the completion of the transaction, the director now owns 30,762 shares of the company’s stock, valued at $4,623,220.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Harvey C. Jones sold 145,520 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $159.31, for a total transaction of $23,182,791.20. Following the transaction, the director now directly owns 30,762 shares of the company’s stock, valued at approximately $4,900,694.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 502,210 shares of company stock valued at $79,743,664. 5.17% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Meiji Yasuda Life Insurance Co grew its stake in NVIDIA Corporation by 9.9% during the second quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock valued at $1,600,000 after acquiring an additional 1,000 shares in the last quarter. RB Capital Management LLC purchased a new position in NVIDIA Corporation during the second quarter valued at approximately $272,000. Oppenheimer Asset Management Inc. grew its stake in NVIDIA Corporation by 17.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock valued at $2,715,000 after acquiring an additional 2,836 shares in the last quarter. D. Scott Neal Inc. purchased a new position in NVIDIA Corporation during the second quarter valued at approximately $258,000. Finally, Girard Partners LTD. grew its stake in NVIDIA Corporation by 7.7% during the second quarter. Girard Partners LTD. now owns 3,102 shares of the computer hardware maker’s stock valued at $448,000 after acquiring an additional 221 shares in the last quarter. 65.85% of the stock is owned by institutional investors.

NVIDIA Corporation Company Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

Analyst Recommendations for NVIDIA Corporation (NASDAQ:NVDA)

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