NVIDIA Co. (NVDA) Receives Average Rating of “Buy” from Analysts
NVIDIA Co. (NASDAQ:NVDA) has earned a consensus rating of “Buy” from the thirty-seven research firms that are covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation, twenty-seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $281.94.
A number of equities research analysts have recently weighed in on NVDA shares. SunTrust Banks raised their price objective on shares of NVIDIA to $316.00 and gave the company a “buy” rating in a report on Friday, May 11th. UBS Group upgraded shares of NVIDIA from a “market perform” rating to an “outperform” rating in a report on Friday, August 17th. Citigroup raised their price objective on shares of NVIDIA from $300.00 to $380.00 and gave the company a “buy” rating in a report on Friday, May 11th. Oppenheimer upgraded shares of NVIDIA from a “market perform” rating to an “outperform” rating and set a $310.00 price objective on the stock in a report on Friday, August 17th. Finally, Zacks Investment Research upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $286.00 price objective on the stock in a report on Tuesday, May 15th.
In related news, EVP Ajay K. Puri sold 4,643 shares of the stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $266.54, for a total value of $1,237,545.22. Following the transaction, the executive vice president now directly owns 295,635 shares of the company’s stock, valued at approximately $78,798,552.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Harvey C. Jones sold 100,000 shares of the stock in a transaction on Tuesday, June 26th. The shares were sold at an average price of $242.11, for a total transaction of $24,211,000.00. Following the completion of the transaction, the director now directly owns 31,725 shares in the company, valued at $7,680,939.75. The disclosure for this sale can be found here. Insiders sold a total of 254,501 shares of company stock worth $63,907,635 over the last ninety days. Insiders own 4.70% of the company’s stock.
NVIDIA stock traded up $5.38 during mid-day trading on Friday, reaching $272.22. 13,273,666 shares of the company’s stock were exchanged, compared to its average volume of 11,070,312. The firm has a market cap of $159.79 billion, a PE ratio of 58.29, a price-to-earnings-growth ratio of 3.45 and a beta of 1.56. NVIDIA has a twelve month low of $162.26 and a twelve month high of $272.81. The company has a quick ratio of 6.66, a current ratio of 7.41 and a debt-to-equity ratio of 0.23.
NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, August 16th. The computer hardware maker reported $1.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.28. NVIDIA had a net margin of 36.21% and a return on equity of 54.18%. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the business earned $1.01 EPS. The firm’s quarterly revenue was up 40.0% on a year-over-year basis. equities research analysts anticipate that NVIDIA will post 7.15 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Thursday, August 30th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Wednesday, August 29th. NVIDIA’s dividend payout ratio (DPR) is 12.85%.
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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