NVIDIA Corporation (NVDA) Raised to Neutral at Nomura
Nomura upgraded shares of NVIDIA Corporation (NASDAQ:NVDA) from a reduce rating to a neutral rating in a research report released on Friday, MarketBeat reports. The firm currently has $190.00 target price on the computer hardware maker’s stock, up from their prior target price of $110.00.
A number of other research analysts also recently commented on the stock. Stifel Nicolaus increased their price objective on shares of NVIDIA Corporation from $110.00 to $184.00 and gave the company a hold rating in a research note on Friday. Canaccord Genuity reissued a buy rating and set a $225.00 target price (up from $190.00) on shares of NVIDIA Corporation in a report on Friday. Royal Bank Of Canada increased their target price on shares of NVIDIA Corporation from $230.00 to $240.00 and gave the stock an outperform rating in a report on Friday. BMO Capital Markets increased their target price on shares of NVIDIA Corporation from $90.00 to $135.00 and gave the stock an underperform rating in a report on Friday. Finally, Loop Capital increased their target price on shares of NVIDIA Corporation from $205.00 to $235.00 and gave the stock a buy rating in a report on Friday. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $185.41.
NVIDIA Corporation (NASDAQ NVDA) traded up $1.91 during midday trading on Friday, reaching $214.54. 6,780,551 shares of the company’s stock were exchanged, compared to its average volume of 17,758,639. NVIDIA Corporation has a 12-month low of $83.62 and a 12-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. The company has a market cap of $127,580.00, a P/E ratio of 53.24, a price-to-earnings-growth ratio of 5.34 and a beta of 1.23.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the firm posted $0.94 EPS. The firm’s revenue was up 31.5% compared to the same quarter last year. research analysts predict that NVIDIA Corporation will post 3.61 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.15 dividend. This is an increase from NVIDIA Corporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. NVIDIA Corporation’s dividend payout ratio (DPR) is presently 14.00%.
In other NVIDIA Corporation news, Director A Brooke Seawell sold 30,000 shares of NVIDIA Corporation stock in a transaction on Friday, September 1st. The shares were sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the sale, the director now owns 16,507 shares in the company, valued at $2,809,326.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Byron sold 409 shares of NVIDIA Corporation stock in a transaction on 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 approximately $23,291,390.99. The disclosure for this sale can be found here. In the last 90 days, insiders sold 436,503 shares of company stock worth $78,796,295. 5.17% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in NVIDIA Corporation by 7.1% during the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after buying an additional 2,676,976 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of NVIDIA Corporation by 8.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock valued at $827,110,000 after purchasing an additional 463,306 shares in the last quarter. Janus Capital Management LLC boosted its stake in shares of NVIDIA Corporation by 20.0% in the 1st quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock valued at $584,832,000 after purchasing an additional 895,591 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of NVIDIA Corporation by 19.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after purchasing an additional 768,200 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of NVIDIA Corporation by 5,424.4% in the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after purchasing an additional 4,022,728 shares in the last quarter. Hedge funds and other 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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