NVIDIA Corporation (NVDA) Price Target Increased to $225.00 by Analysts at Barclays PLC
NVIDIA Corporation (NASDAQ:NVDA) had its target price raised by Barclays PLC from $200.00 to $225.00 in a research note released on Friday. They currently have an equal weight rating on the computer hardware maker’s stock.
NVDA has been the subject of a number of other research reports. Vetr upgraded NVIDIA Corporation from a hold rating to a buy rating and set a $176.95 price target for the company in a report on Wednesday, September 6th. Royal Bank Of Canada restated an outperform rating and set a $175.00 target price on shares of NVIDIA Corporation in a report on Thursday, July 13th. Needham & Company LLC restated a buy rating on shares of NVIDIA Corporation in a report on Friday, August 11th. Citigroup Inc. restated a buy rating and set a $210.00 target price (up previously from $185.00) on shares of NVIDIA Corporation in a report on Friday, September 29th. Finally, Canaccord Genuity restated a buy rating and set a $155.00 target price on shares of NVIDIA Corporation in a report on Monday, July 17th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $185.41.
Shares of NVIDIA Corporation (NASDAQ NVDA) traded up $10.82 during midday trading on Friday, hitting $216.14. The company had a trading volume of 31,331,300 shares, compared to its average volume of 13,613,651. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $129,684.00, a price-to-earnings ratio of 53.24, a price-to-earnings-growth ratio of 5.34 and a beta of 1.23. NVIDIA Corporation has a 12-month low of $78.50 and a 12-month high of $218.67.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.39. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. NVIDIA Corporation’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 earnings per share. equities research analysts anticipate that NVIDIA Corporation will post 3.61 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. This is a positive change from NVIDIA Corporation’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, November 22nd. NVIDIA Corporation’s dividend payout ratio (DPR) is 13.90%.
In other NVIDIA Corporation news, Director Tench Coxe sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $189.62, for a total value of $9,481,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael Byron sold 409 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $171.01, for a total transaction of $69,943.09. Following the completion of the transaction, the insider now directly owns 136,199 shares in the company, valued at $23,291,390.99. The disclosure for this sale can be found here. Insiders sold a total of 436,503 shares of company stock worth $78,796,295 over the last three months. Corporate insiders own 5.17% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. lifted its stake in NVIDIA Corporation by 0.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after purchasing an additional 6 shares in the last quarter. Family Firm Inc. increased its holdings in shares of NVIDIA Corporation by 0.7% during the 2nd quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock worth $284,000 after buying an additional 13 shares during the last quarter. Appleton Partners Inc. MA increased its holdings in shares of NVIDIA Corporation by 1.2% during the 2nd quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock worth $372,000 after buying an additional 30 shares during the last quarter. Carnegie Capital Asset Management LLC increased its holdings in shares of NVIDIA Corporation by 0.4% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock worth $1,212,000 after buying an additional 30 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its holdings in shares of NVIDIA Corporation by 1.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock worth $271,000 after buying an additional 33 shares during the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.
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.
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