Nomura Analysts Give NVIDIA (NASDAQ:NVDA) a $147.00 Price Target
Nomura set a $147.00 price objective on NVIDIA (NASDAQ:NVDA) in a research report released on Friday morning, TipRanks reports. The firm currently has a hold rating on the computer hardware maker’s stock.
Several other analysts have also weighed in on the company. Wells Fargo & Co restated a buy rating on shares of NVIDIA in a report on Monday, August 12th. Cascend Securities upgraded NVIDIA from a hold rating to a buy rating and set a $190.00 price objective for the company in a report on Thursday, July 11th. Stifel Nicolaus cut their target price on NVIDIA from $150.00 to $145.00 and set a hold rating on the stock in a research report on Tuesday, May 14th. Mizuho reaffirmed a buy rating and set a $185.00 target price (down from $192.00) on shares of NVIDIA in a research report on Friday. Finally, Rosenblatt Securities reaffirmed a buy rating and set a $180.00 target price on shares of NVIDIA in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $188.99.
Shares of NVIDIA stock traded up $11.22 during trading on Friday, hitting $170.78. The stock had a trading volume of 20,372,333 shares, compared to its average volume of 13,197,457. The company has a debt-to-equity ratio of 0.25, a current ratio of 8.98 and a quick ratio of 7.78. The firm has a market cap of $90.60 billion, a P/E ratio of 28.14, a PEG ratio of 3.81 and a beta of 2.07. The business has a fifty day moving average of $163.66 and a two-hundred day moving average of $163.39. NVIDIA has a fifty-two week low of $124.46 and a fifty-two week high of $292.76.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 29th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.37%. The ex-dividend date is Wednesday, August 28th. NVIDIA’s payout ratio is currently 10.54%.
In other NVIDIA news, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $145.10, for a total value of $14,510,000.00. Following the transaction, the director now directly owns 32,983 shares of the company’s stock, valued at approximately $4,785,833.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 2,236 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $164.01, for a total value of $366,726.36. Following the completion of the transaction, the chief financial officer now directly owns 239,710 shares in the company, valued at $39,314,837.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,736 shares of company stock worth $15,293,726. Insiders own 4.64% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Comerica Securities Inc. boosted its holdings in shares of NVIDIA by 95.7% in the 4th quarter. Comerica Securities Inc. now owns 2,853 shares of the computer hardware maker’s stock valued at $381,000 after buying an additional 1,395 shares in the last quarter. Pennsylvania Trust Co boosted its holdings in shares of NVIDIA by 48.0% in the 1st quarter. Pennsylvania Trust Co now owns 3,792 shares of the computer hardware maker’s stock valued at $680,000 after buying an additional 1,230 shares in the last quarter. Asset Dedication LLC boosted its holdings in shares of NVIDIA by 13.8% in the 1st quarter. Asset Dedication LLC now owns 3,524 shares of the computer hardware maker’s stock valued at $636,000 after buying an additional 427 shares in the last quarter. BLB&B Advisors LLC boosted its holdings in shares of NVIDIA by 88.5% in the 1st quarter. BLB&B Advisors LLC now owns 3,534 shares of the computer hardware maker’s stock valued at $635,000 after buying an additional 1,659 shares in the last quarter. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of NVIDIA in the 1st quarter valued at about $256,000. 66.93% of the stock is currently owned by institutional investors.
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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