Jefferies Financial Group Increases NVIDIA (NASDAQ:NVDA) Price Target to $250.00
NVIDIA (NASDAQ:NVDA) had its target price hoisted by Jefferies Financial Group from $210.00 to $250.00 in a research note released on Friday morning, The Fly reports. The firm currently has a buy rating on the computer hardware maker’s stock.
Several other analysts also recently commented on the stock. Deutsche Bank raised their price objective on shares of NVIDIA from $160.00 to $190.00 and gave the company a hold rating in a research report on Monday, November 11th. Needham & Company LLC reaffirmed a sell rating on shares of NVIDIA in a research note on Friday, August 16th. Bank of America raised their target price on shares of NVIDIA from $225.00 to $250.00 and gave the company a buy rating in a research note on Tuesday, October 15th. Wedbush set a $184.00 target price on shares of NVIDIA and gave the company a buy rating in a research note on Friday, August 16th. Finally, Barclays raised their target price on shares of NVIDIA from $170.00 to $225.00 and gave the company an overweight rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-seven have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $216.69.
Shares of NASDAQ:NVDA traded down $4.40 during trading on Friday, reaching $207.88. 580,350 shares of the stock traded hands, compared to its average volume of 8,276,448. The stock has a market cap of $124.96 billion, a P/E ratio of 34.25, a price-to-earnings-growth ratio of 5.25 and a beta of 2.06. NVIDIA has a 52-week low of $124.46 and a 52-week high of $213.35. The stock has a 50-day moving average of $195.53 and a two-hundred day moving average of $170.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 7.71 and a current ratio of 8.42.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a dividend of $0.16 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.64 dividend on an annualized basis and a yield of 0.31%. NVIDIA’s payout ratio is 10.54%.
In related news, Director Persis Drell sold 165 shares of NVIDIA stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $180.45, for a total transaction of $29,774.25. Following the completion of the sale, the director now owns 18,019 shares in the company, valued at approximately $3,251,528.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael G. Mccaffery sold 15,000 shares of NVIDIA stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $165.97, for a total transaction of $2,489,550.00. Following the sale, the director now owns 27,579 shares of the company’s stock, valued at approximately $4,577,286.63. The disclosure for this sale can be found here. Insiders have sold a total of 63,883 shares of company stock valued at $11,206,817 in the last quarter. 4.64% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Marquette Asset Management LLC raised its holdings in shares of NVIDIA by 416.7% in the 3rd quarter. Marquette Asset Management LLC now owns 155 shares of the computer hardware maker’s stock valued at $27,000 after purchasing an additional 125 shares in the last quarter. Pacific Center for Financial Services raised its stake in shares of NVIDIA by 143.1% during the 2nd quarter. Pacific Center for Financial Services now owns 158 shares of the computer hardware maker’s stock worth $26,000 after acquiring an additional 93 shares in the last quarter. Investors Research Corp raised its stake in shares of NVIDIA by 313.0% during the 3rd quarter. Investors Research Corp now owns 190 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 144 shares in the last quarter. Field & Main Bank bought a new position in shares of NVIDIA during the 2nd quarter worth approximately $33,000. Finally, American National Bank bought a new position in shares of NVIDIA during the 3rd quarter worth approximately $35,000. Institutional investors own 64.56% of the company’s stock.
NVIDIA Company Profile
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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