NVIDIA Corporation (NVDA) Given “Buy” Rating at SunTrust Banks, Inc.
SunTrust Banks, Inc. reaffirmed their buy rating on shares of NVIDIA Corporation (NASDAQ:NVDA) in a research report report published on Monday morning. The brokerage currently has a $200.00 price target on the computer hardware maker’s stock, up from their previous price target of $181.00.
A number of other research firms have also commented on NVDA. UBS AG reissued a buy rating and issued a $168.00 price target (up previously from $148.00) on shares of NVIDIA Corporation in a research report on Friday, June 9th. B. Riley reaffirmed a buy rating and set a $200.00 price objective on shares of NVIDIA Corporation in a report on Sunday, August 13th. Stifel Nicolaus reaffirmed a hold rating and set a $110.00 price objective on shares of NVIDIA Corporation in a report on Friday, August 11th. Instinet reiterated a reduce rating and issued a $110.00 target price (up from $90.00) on shares of NVIDIA Corporation in a research note on Monday, August 14th. Finally, Vetr lowered shares of NVIDIA Corporation from a strong-buy rating to a hold rating and set a $173.32 target price on the stock. in a research note on Tuesday, August 15th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. NVIDIA Corporation has a consensus rating of Hold and a consensus target price of $153.00.
Shares of NVIDIA Corporation (NVDA) opened at 179.00 on Monday. NVIDIA Corporation has a 1-year low of $63.70 and a 1-year high of $191.20. The stock has a 50 day moving average price of $170.52 and a 200-day moving average price of $143.80. The firm has a market cap of $107.40 billion, a price-to-earnings ratio of 51.48 and a beta of 1.28.
NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.32. The company 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, equities research analysts expect that NVIDIA Corporation will post $3.63 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “NVIDIA Corporation (NVDA) Given “Buy” Rating at SunTrust Banks, Inc.” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/03/nvidia-corporation-nvda-given-buy-rating-at-suntrust-banks-inc.html.
The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were given a $0.14 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.31%. NVIDIA Corporation’s dividend payout ratio is 15.86%.
In other news, Director Mark L. Perry sold 16,281 shares of NVIDIA Corporation stock in a transaction on Monday, August 14th. The shares were sold at an average price of $162.24, for a total transaction of $2,641,429.44. Following the transaction, the director now directly owns 48,069 shares of the company’s stock, valued at $7,798,714.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of NVIDIA Corporation stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $185.65, for a total transaction of $18,565,000.00. Following the transaction, the director now directly owns 30,762 shares in the company, valued at $5,710,965.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 486,940 shares of company stock valued at $84,186,080. Corporate insiders own 5.17% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in NVIDIA Corporation by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after purchasing an additional 2,676,976 shares in the last quarter. Edgewood Management LLC raised its holdings in NVIDIA Corporation by 21.9% during the 1st quarter. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker’s stock worth $652,270,000 after buying an additional 1,074,303 shares during the period. Ameriprise Financial Inc. raised its holdings in NVIDIA Corporation by 8.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock worth $827,110,000 after buying an additional 463,306 shares during the period. Janus Capital Management LLC raised its holdings in NVIDIA Corporation by 20.0% during the 1st quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock worth $584,832,000 after buying an additional 895,591 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in NVIDIA Corporation by 19.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after buying an additional 768,200 shares during the period. Institutional investors and hedge funds own 65.79% of the company’s stock.
About NVIDIA Corporation
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.
Receive News & Stock Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related stocks with our FREE daily email newsletter.