NVIDIA Corporation (NVDA) Price Target Raised to $250.00 at Rosenblatt Securities
NVIDIA Corporation (NASDAQ:NVDA) had its price target increased by Rosenblatt Securities from $180.00 to $250.00 in a report released on Friday. They currently have a buy rating on the computer hardware maker’s stock.
A number of other research firms have also recently commented on NVDA. Nomura raised NVIDIA Corporation from a reduce rating to a neutral rating and upped their target price for the company from $110.00 to $190.00 in a research note on Friday. Deutsche Bank AG upped their target price on NVIDIA Corporation from $145.00 to $190.00 and gave the company a hold rating in a research note on Wednesday, November 8th. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of NVIDIA Corporation in a research note on Sunday, November 5th. B. Riley upped their target price on NVIDIA Corporation from $200.00 to $250.00 and gave the company a buy rating in a research note on Monday, November 6th. Finally, Morgan Stanley upped their target price on NVIDIA Corporation from $168.00 to $210.00 and gave the company an equal weight rating in a research note on Monday, November 6th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. NVIDIA Corporation presently has a consensus rating of Buy and an average price target of $185.41.
Shares of NVIDIA Corporation (NVDA) traded up $10.82 during midday trading on Friday, reaching $216.14. The company’s stock had a trading volume of 31,331,300 shares, compared to its average volume of 13,613,651. 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 has a 52 week low of $78.50 and a 52 week high of $218.67. The company has a market capitalization of $129,684.00, a PE ratio of 53.24, a P/E/G ratio of 5.34 and a beta of 1.23.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.39. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 earnings per share. equities analysts predict that NVIDIA Corporation will post 3.61 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. NVIDIA Corporation’s dividend payout ratio (DPR) is 13.90%.
In other news, EVP Debora Shoquist sold 33,498 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $189.24, for a total transaction of $6,339,161.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 22,808 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold a total of 436,503 shares of company stock worth $78,796,295 over the last 90 days. Insiders own 5.17% of the company’s stock.
A number of institutional investors have recently modified their holdings of NVDA. Janus Henderson Group PLC lifted its stake in 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 buying an additional 4,022,728 shares in the last quarter. Vanguard Group Inc. lifted its stake in NVIDIA Corporation by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after buying an additional 2,676,976 shares in the last quarter. Jackson Square Partners LLC purchased a new position in NVIDIA Corporation in the 2nd quarter valued at about $229,323,000. Janus Capital Management LLC lifted its stake in 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 buying an additional 895,591 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in 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 buying an additional 768,200 shares in the last quarter. 65.40% of the stock is currently owned by hedge funds and other institutional investors.
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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