NVIDIA (NASDAQ:NVDA) had its price objective hoisted by Mizuho from $185.00 to $230.00 in a report issued on Friday, Briefing.com Automated Import reports. They currently have a buy rating on the computer hardware maker’s stock.

Other equities research analysts have also recently issued reports about the stock. Susquehanna Bancshares upped their price objective on shares of NVIDIA from $190.00 to $240.00 and gave the stock a buy rating in a report on Tuesday, November 12th. Deutsche Bank upped their price objective on shares of NVIDIA from $160.00 to $190.00 and gave the stock a hold rating in a report on Monday, November 11th. Morgan Stanley reiterated an equal weight rating and issued a $180.00 price objective (up from $170.00) on shares of NVIDIA in a report on Friday, August 16th. Bank of America upped their price objective on shares of NVIDIA from $225.00 to $250.00 and gave the stock a buy rating in a report on Tuesday, October 15th. Finally, DZ Bank cut shares of NVIDIA from a hold rating to a sell rating and set a $158.00 price objective for the company. in a report on Friday, September 13th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-seven have issued a buy rating to the stock. NVIDIA presently has a consensus rating of Buy and a consensus price target of $216.69.

Shares of NVIDIA stock traded down $4.20 on Friday, hitting $208.08. 692,435 shares of the company traded hands, compared to its average volume of 8,276,448. The company has a 50-day moving average price of $195.53 and a 200 day moving average price of $170.83. The company has a quick ratio of 7.71, a current ratio of 8.42 and a debt-to-equity ratio of 0.22. NVIDIA has a 12-month low of $124.46 and a 12-month high of $213.35. The company has a market cap of $124.96 billion, a PE ratio of 34.30, a PEG ratio of 5.25 and a beta of 2.06.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, November 14th. The computer hardware maker reported $1.78 EPS for the quarter, beating the consensus estimate of $1.57 by $0.21. NVIDIA had a net margin of 24.08% and a return on equity of 22.02%. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the previous year, the company posted $1.84 EPS. NVIDIA’s revenue was down 5.2% on a year-over-year basis. Equities research analysts anticipate that NVIDIA will post 4.07 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Wednesday, November 27th. NVIDIA’s dividend payout ratio is 10.54%.

In other news, Director Michael G. Mccaffery sold 15,000 shares of the company’s 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 completion of the transaction, the director now owns 27,579 shares of the company’s stock, valued at $4,577,286.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James C. Gaither sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $182.37, for a total transaction of $1,823,700.00. Following the transaction, the director now directly owns 4,279 shares of the company’s stock, valued at approximately $780,361.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,883 shares of company stock valued at $11,206,817. Company insiders own 4.64% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers raised its position in shares of NVIDIA by 11.1% during the third quarter. Cetera Investment Advisers now owns 10,109 shares of the computer hardware maker’s stock valued at $1,763,000 after buying an additional 1,014 shares during the last quarter. AllSquare Wealth Management LLC raised its position in shares of NVIDIA by 364.6% during the third quarter. AllSquare Wealth Management LLC now owns 892 shares of the computer hardware maker’s stock valued at $155,000 after buying an additional 700 shares during the last quarter. Lyell Wealth Management LP raised its position in shares of NVIDIA by 8.3% during the third quarter. Lyell Wealth Management LP now owns 17,358 shares of the computer hardware maker’s stock valued at $3,022,000 after buying an additional 1,333 shares during the last quarter. Cetera Advisors LLC raised its position in shares of NVIDIA by 9.6% during the third quarter. Cetera Advisors LLC now owns 21,030 shares of the computer hardware maker’s stock valued at $3,650,000 after buying an additional 1,847 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its position in NVIDIA by 0.9% in the third quarter. Cetera Advisor Networks LLC now owns 25,722 shares of the computer hardware maker’s stock worth $4,471,000 after purchasing an additional 237 shares in the last quarter. 64.56% of the stock is owned by institutional investors and hedge funds.

About NVIDIA

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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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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