NVIDIA Corporation (NVDA) Receives Hold Rating from J P Morgan Chase & Co
J P Morgan Chase & Co reiterated their hold rating on shares of NVIDIA Corporation (NASDAQ:NVDA) in a research note issued to investors on Friday. The brokerage currently has a $207.00 price target on the computer hardware maker’s stock.
A number of other equities research analysts have also recently commented on the stock. Citigroup Inc. reissued a buy rating and set a $240.00 target price on shares of NVIDIA Corporation in a research report on Friday. Deutsche Bank AG increased their target price on shares of NVIDIA Corporation from $145.00 to $190.00 and gave the company a hold rating in a research report on Wednesday, November 8th. Oppenheimer Holdings, Inc. reissued a hold rating on shares of NVIDIA Corporation in a research report on Sunday, November 5th. Morgan Stanley increased their target price on shares of NVIDIA Corporation from $168.00 to $210.00 and gave the company an equal weight rating in a research report on Monday, November 6th. Finally, B. Riley increased their target price on shares of NVIDIA Corporation from $200.00 to $250.00 and gave the company a buy rating in a research report on Monday, November 6th. Four 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 assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $185.41.
NVIDIA Corporation (NASDAQ:NVDA) traded down $1.06 during trading hours on Friday, reaching $211.57. 3,416,594 shares of the company 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 debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. The stock has a market capitalization of $127,580.00, a PE 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 earnings results 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 company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the company posted $0.94 earnings per share. NVIDIA Corporation’s revenue for the quarter was up 31.5% compared to the same quarter last year. equities analysts anticipate that NVIDIA Corporation will post 3.61 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.15 per share. 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 dividend on an annualized basis and a yield of 0.28%. NVIDIA Corporation’s payout ratio is 14.00%.
In other news, Director Tench Coxe sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $189.62, for a total value of $9,481,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael Byron sold 409 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $171.01, for a total transaction of $69,943.09. Following the completion of the sale, the insider now directly owns 136,199 shares in the company, valued at $23,291,390.99. The disclosure for this sale can be found here. Insiders sold a total of 436,503 shares of company stock worth $78,796,295 over the last three months. Insiders own 5.17% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Welch Investments LLC purchased a new stake in shares of NVIDIA Corporation in the 3rd quarter valued at approximately $104,000. Evercore Wealth Management LLC raised its stake in shares of NVIDIA Corporation by 36.9% in the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after acquiring an additional 206 shares during the period. TB Alternative Assets Ltd. purchased a new stake in shares of NVIDIA Corporation in the 2nd quarter valued at approximately $116,000. Proficio Capital Partners LLC raised its stake in shares of NVIDIA Corporation by 186.1% in the 1st quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after acquiring an additional 547 shares during the period. Finally, Thompson Davis & CO. Inc. raised its stake in shares of NVIDIA Corporation by 0.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the period. 65.40% of the stock is currently owned by institutional investors and hedge funds.
About NVIDIA Corporation
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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