NVIDIA Corporation (NVDA) Price Target Raised to $90.00 at Stifel Nicolaus
Other equities research analysts have also recently issued reports about the company. Vetr upgraded NVIDIA Corporation from a hold rating to a strong-buy rating and set a $126.49 target price on the stock in a research report on Thursday, December 29th. RBC Capital Markets reissued an outperform rating and issued a $80.00 target price (up from $72.00) on shares of NVIDIA Corporation in a research note on Tuesday, November 8th. Royal Bank Of Canada raised their target price on shares of NVIDIA Corporation from $124.00 to $130.00 and gave the stock an outperform rating in a research note on Friday, February 10th. Global Equities Research reissued an overweight rating and issued a $85.00 target price on shares of NVIDIA Corporation in a research note on Friday, November 11th. Finally, BMO Capital Markets raised their target price on shares of NVIDIA Corporation from $75.00 to $100.00 and gave the stock a market perform rating in a research note on Monday, February 6th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have given a buy rating and four have issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $98.90.
Shares of NVIDIA Corporation (NASDAQ:NVDA) traded down 1.61% during trading on Friday, hitting $107.25. The stock had a trading volume of 16,179,386 shares. The firm has a 50 day moving average price of $108.57 and a 200 day moving average price of $82.48. The firm has a market cap of $59.31 billion, a P/E ratio of 41.73 and a beta of 1.31. NVIDIA Corporation has a 12-month low of $29.65 and a 12-month high of $120.92.
NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Thursday, February 9th. The computer hardware maker reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.30. The company earned $2.17 billion during the quarter, compared to analyst estimates of $2.10 billion. NVIDIA Corporation had a return on equity of 34.13% and a net margin of 23.82%. The firm’s quarterly revenue was up 54.9% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. On average, equities analysts expect that NVIDIA Corporation will post $2.77 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, February 24th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, February 22nd. NVIDIA Corporation’s payout ratio is 21.96%.
In related news, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $116.70, for a total transaction of $5,835,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William J. Miller sold 10,000 shares of the company’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $98.74, for a total transaction of $987,400.00. Following the transaction, the director now owns 40,912 shares of the company’s stock, valued at $4,039,650.88. The disclosure for this sale can be found here. Insiders sold 162,597 shares of company stock valued at $17,895,685 over the last 90 days. 5.82% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Pittenger & Anderson Inc. boosted its position in NVIDIA Corporation by 38.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 3,750 shares of the computer hardware maker’s stock valued at $400,000 after buying an additional 1,050 shares during the last quarter. IFM Investors Pty Ltd bought a new position in NVIDIA Corporation during the fourth quarter valued at approximately $728,000. Archford Capital Strategies LLC boosted its position in NVIDIA Corporation by 38.8% in the fourth quarter. Archford Capital Strategies LLC now owns 2,727 shares of the computer hardware maker’s stock valued at $291,000 after buying an additional 763 shares during the last quarter. Independent Advisor Alliance bought a new position in NVIDIA Corporation during the fourth quarter valued at approximately $206,000. Finally, Narus Financial Partners LLC bought a new position in NVIDIA Corporation during the fourth quarter valued at approximately $220,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.
NVIDIA Corporation Company Profile
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
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