NVIDIA Corporation (NVDA) Receives “Buy” Rating from B. Riley
B. Riley reissued their buy rating on shares of NVIDIA Corporation (NASDAQ:NVDA) in a research report released on Tuesday. They currently have a $270.00 target price on the computer hardware maker’s stock. B. Riley also issued estimates for NVIDIA Corporation’s Q4 2018 earnings at $1.14 EPS, Q1 2019 earnings at $0.91 EPS, Q2 2019 earnings at $1.03 EPS, Q3 2019 earnings at $1.27 EPS and Q4 2019 earnings at $1.43 EPS.
Other analysts have also issued reports about the stock. Stifel Nicolaus reiterated a hold rating and set a $110.00 price target on shares of NVIDIA Corporation in a research note on Friday, August 11th. MKM Partners reiterated a neutral rating and set a $120.00 price target (up from $106.00) on shares of NVIDIA Corporation in a research note on Monday, August 14th. Susquehanna Bancshares Inc reiterated a neutral rating and set a $140.00 price target on shares of NVIDIA Corporation in a research note on Wednesday, August 16th. Sanford C. Bernstein reiterated an outperform rating on shares of NVIDIA Corporation in a research note on Saturday, September 23rd. Finally, Citigroup Inc. reiterated a buy rating and set a $240.00 price target on shares of NVIDIA Corporation in a research note on Friday, November 10th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $185.93.
Shares of NVIDIA Corporation (NVDA) traded up $1.55 on Tuesday, reaching $214.18. 13,232,300 shares of the company traded hands, compared to its average volume of 17,738,049. The stock has a market cap of $126,280.00, a price-to-earnings ratio of 52.37, a P/E/G ratio of 4.74 and a beta of 1.23. NVIDIA Corporation has a 12-month low of $83.93 and a 12-month high of $218.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.39. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. NVIDIA Corporation’s revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. research analysts anticipate that NVIDIA Corporation will post 4 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a $0.15 dividend. This is an increase from NVIDIA Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA Corporation’s dividend payout ratio is presently 14.00%.
In other news, insider Michael Byron sold 409 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $171.01, for a total value of $69,943.09. Following the completion of the sale, the insider now directly owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jen Hsun Huang sold 110,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total value of $18,268,800.00. The disclosure for this sale can be found here. Insiders sold 451,503 shares of company stock valued at $81,997,895 over the last three months. Corporate insiders own 5.17% of the company’s stock.
Several hedge funds have recently bought and sold shares of NVDA. Welch Investments LLC acquired a new stake in shares of NVIDIA Corporation in the third quarter valued at approximately $104,000. Evercore Wealth Management LLC boosted its holdings in shares of NVIDIA Corporation by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after acquiring an additional 206 shares during the period. TB Alternative Assets Ltd. acquired a new stake in shares of NVIDIA Corporation in the second quarter valued at approximately $116,000. Proficio Capital Partners LLC boosted its holdings in shares of NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after acquiring an additional 547 shares during the period. Finally, Thompson Davis & CO. Inc. boosted its holdings in shares of NVIDIA Corporation by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the period. 65.40% of the stock is 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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