NVIDIA (NASDAQ:NVDA) had its price target lifted by Citigroup from $240.00 to $270.00 in a research report sent to investors on Friday morning. Citigroup currently has a buy rating on the computer hardware maker’s stock.

A number of other research analysts have also issued reports on the company. Susquehanna Bancshares restated a neutral rating and set a $200.00 price objective (up previously from $185.00) on shares of NVIDIA in a research report on Thursday. BidaskClub lowered NVIDIA from a strong-buy rating to a buy rating in a research report on Monday, February 5th. Vetr upgraded NVIDIA from a hold rating to a buy rating and set a $246.84 price objective for the company in a research report on Monday, February 5th. Goldman Sachs Group lowered NVIDIA from a conviction-buy rating to a buy rating and set a $281.00 price objective for the company. in a research report on Thursday, February 1st. Finally, Zacks Investment Research upgraded NVIDIA from a hold rating to a buy rating and set a $262.00 price objective for the company in a research report on Wednesday, January 24th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $210.67.

NVIDIA (NASDAQ NVDA) traded up $14.56 during trading hours on Friday, reaching $232.08. The company had a trading volume of 41,815,578 shares, compared to its average volume of 14,810,000. NVIDIA has a twelve month low of $95.17 and a twelve month high of $249.27. The firm has a market cap of $150,050.00, a price-to-earnings ratio of 48.05, a P/E/G ratio of 4.53 and a beta of 1.43. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.56. NVIDIA had a return on equity of 47.44% and a net margin of 31.36%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. sell-side analysts forecast that NVIDIA will post 4.68 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, February 22nd. NVIDIA’s dividend payout ratio is presently 12.42%.

In other news, Director Persis Drell sold 606 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the sale, the director now owns 26,104 shares of the company’s stock, valued at approximately $5,144,315.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dawn E. Hudson sold 15,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $213.44, for a total value of $3,201,600.00. Following the completion of the sale, the director now directly owns 46,868 shares in the company, valued at approximately $10,003,505.92. The disclosure for this sale can be found here. Insiders sold a total of 19,858 shares of company stock worth $4,227,384 in the last three months. Company insiders own 5.82% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of NVDA. SG Americas Securities LLC raised its position in shares of NVIDIA by 160.9% during the third quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock worth $35,001,000 after purchasing an additional 120,734 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of NVIDIA by 1.2% during the third quarter. State Board of Administration of Florida Retirement System now owns 829,595 shares of the computer hardware maker’s stock worth $148,307,000 after purchasing an additional 9,565 shares during the period. KCS Wealth Advisory acquired a new stake in shares of NVIDIA during the fourth quarter worth $282,000. Schwab Charles Investment Management Inc. raised its position in shares of NVIDIA by 3.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,932,495 shares of the computer hardware maker’s stock worth $345,473,000 after purchasing an additional 71,458 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in shares of NVIDIA by 45.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 27,391 shares of the computer hardware maker’s stock worth $4,897,000 after purchasing an additional 8,605 shares during the period. 62.84% of the stock is currently owned by institutional investors.

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About NVIDIA

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 (NASDAQ:NVDA)

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