Analysts Set Nvidia Corp. (NVDA) PT at $74.63
Shares of Nvidia Corp. (NASDAQ:NVDA) have been given a consensus rating of “Buy” by the thirty-seven analysts that are presently covering the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $75.00.
Several research analysts recently issued reports on NVDA shares. Jefferies Group raised their target price on Nvidia Corp. from $56.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. RBC Capital Markets reaffirmed an “outperform” rating and set a $72.00 target price on shares of Nvidia Corp. in a research report on Wednesday, August 31st. B. Riley reissued a “buy” rating and issued a $85.00 price objective on shares of Nvidia Corp. in a research report on Thursday, October 27th. Wells Fargo & Co. reissued an “underperform” rating and issued a $59.00 price objective (up from $33.00) on shares of Nvidia Corp. in a research report on Sunday, November 13th. Finally, Goldman Sachs Group Inc. lifted their price objective on Nvidia Corp. to $70.00 and gave the stock a “buy” rating in a research report on Friday, August 12th.
Nvidia Corp. (NASDAQ:NVDA) opened at 92.20 on Monday. The firm has a market capitalization of $49.70 billion, a PE ratio of 47.11 and a beta of 1.17. Nvidia Corp. has a 52-week low of $24.75 and a 52-week high of $95.25. The stock’s 50 day moving average price is $75.70 and its 200 day moving average price is $60.35.
Nvidia Corp. (NASDAQ:NVDA) last announced its earnings results on Thursday, November 10th. The computer hardware maker reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.37. The business earned $2 billion during the quarter, compared to analyst estimates of $1.69 billion. Nvidia Corp. had a return on equity of 26.82% and a net margin of 19.52%. Nvidia Corp.’s revenue for the quarter was up 53.6% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. On average, analysts predict that Nvidia Corp. will post $2.42 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, November 28th will be paid a $0.14 dividend. This is an increase from Nvidia Corp.’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Wednesday, November 23rd. Nvidia Corp.’s dividend payout ratio is presently 29.32%.
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In related news, Director Persis Drell sold 2,361 shares of the stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $66.58, for a total value of $157,195.38. Following the completion of the transaction, the director now directly owns 27,152 shares of the company’s stock, valued at $1,807,780.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director A Brooke Seawell sold 35,000 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $87.74, for a total transaction of $3,070,900.00. Following the completion of the transaction, the director now directly owns 41,213 shares of the company’s stock, valued at $3,616,028.62. The disclosure for this sale can be found here. 5.82% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Washington Trust Bank increased its position in Nvidia Corp. by 0.8% in the third quarter. Washington Trust Bank now owns 6,753 shares of the computer hardware maker’s stock worth $463,000 after buying an additional 54 shares during the last quarter. IFC Holdings Incorporated FL increased its position in shares of Nvidia Corp. by 0.9% in the third quarter. IFC Holdings Incorporated FL now owns 8,719 shares of the computer hardware maker’s stock worth $596,000 after buying an additional 80 shares in the last quarter. Atlantic Trust Group LLC increased its position in shares of Nvidia Corp. by 0.3% in the second quarter. Atlantic Trust Group LLC now owns 27,441 shares of the computer hardware maker’s stock worth $1,289,000 after buying an additional 81 shares in the last quarter. Koshinski Asset Management Inc. increased its position in shares of Nvidia Corp. by 2.4% in the third quarter. Koshinski Asset Management Inc. now owns 5,234 shares of the computer hardware maker’s stock worth $359,000 after buying an additional 122 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Nvidia Corp. by 0.9% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 13,743 shares of the computer hardware maker’s stock worth $942,000 after buying an additional 125 shares in the last quarter. 84.86% of the stock is owned by institutional investors.
Nvidia Corp. Company Profile
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
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