NVIDIA Corporation (NVDA) Price Target Increased to $240.00 by Analysts at Jefferies Group LLC
NVIDIA Corporation (NASDAQ:NVDA) had its price objective boosted by Jefferies Group LLC from $230.00 to $240.00 in a research note released on Friday morning. The firm currently has a buy rating on the computer hardware maker’s stock. Jefferies Group also issued estimates for NVIDIA Corporation’s Q4 2018 earnings at $1.13 EPS, Q1 2019 earnings at $0.92 EPS, Q2 2019 earnings at $1.04 EPS, Q3 2019 earnings at $1.24 EPS, Q4 2019 earnings at $1.30 EPS and FY2019 earnings at $4.50 EPS.
Other equities analysts also recently issued research reports about the stock. B. Riley reissued a buy rating and set a $200.00 price objective (up previously from $135.00) on shares of NVIDIA Corporation in a research note on Monday, August 7th. Rosenblatt Securities upped their price objective on shares of NVIDIA Corporation from $180.00 to $250.00 and gave the company a buy rating in a research note on Friday. Stifel Nicolaus reissued a hold rating and set a $110.00 price objective on shares of NVIDIA Corporation in a research note on Friday, August 11th. MKM Partners reissued a neutral rating and set a $120.00 price objective (up previously from $106.00) on shares of NVIDIA Corporation in a research note on Monday, August 14th. Finally, Susquehanna Bancshares Inc reissued a neutral rating and set a $140.00 price objective on shares of NVIDIA Corporation in a research note on Wednesday, August 16th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. NVIDIA Corporation has an average rating of Buy and a consensus target price of $185.41.
NVIDIA Corporation (NASDAQ:NVDA) traded up $10.82 during mid-day trading on Friday, hitting $216.14. 31,331,300 shares of the stock traded hands, compared to its average volume of 13,613,651. The firm has a market capitalization of $129,684.00, a price-to-earnings ratio of 53.24, a PEG ratio of 5.34 and a beta of 1.23. NVIDIA Corporation has a twelve month low of $78.50 and a twelve month high of $218.67. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating the consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The company’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 earnings per share. sell-side analysts expect that NVIDIA Corporation will post 3.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This is an increase from NVIDIA Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.28%. NVIDIA Corporation’s dividend payout ratio (DPR) is currently 13.90%.
In related news, CFO Colette Kress sold 22,808 shares of NVIDIA Corporation stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $185.31, for a total value of $4,226,550.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael Byron sold 409 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $171.01, for a total transaction of $69,943.09. Following the sale, the insider now owns 136,199 shares in the company, valued at $23,291,390.99. The disclosure for this sale can be found here. Over the last quarter, insiders sold 436,503 shares of company stock worth $78,796,295. 5.17% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in NVDA. Fiduciary Trust Co. bought a new stake in shares of NVIDIA Corporation during the 1st quarter worth about $435,000. Metropolitan Life Insurance Co. NY raised its position in shares of NVIDIA Corporation by 6.7% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 308,211 shares of the computer hardware maker’s stock worth $33,573,000 after buying an additional 19,245 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of NVIDIA Corporation during the 1st quarter worth about $1,454,000. Caxton Associates LP bought a new stake in shares of NVIDIA Corporation during the 1st quarter worth about $2,778,000. Finally, Flagship Harbor Advisors LLC raised its position in shares of NVIDIA Corporation by 138.6% during the 1st quarter. Flagship Harbor Advisors LLC now owns 7,646 shares of the computer hardware maker’s stock worth $765,000 after buying an additional 4,442 shares in the last quarter. Institutional investors own 65.40% of the company’s stock.
NVIDIA Corporation Company Profile
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at 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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