NVIDIA Corporation (NASDAQ:NVDA) had its target price boosted by Canaccord Genuity from $225.00 to $250.00 in a research note issued to investors on Friday. Canaccord Genuity currently has a buy rating on the computer hardware maker’s stock.

Several other research firms have also recently weighed in on NVDA. SunTrust Banks, Inc. raised their price target on NVIDIA Corporation to $253.00 and gave the company a buy rating in a report on Friday, November 10th. Needham & Company LLC restated a buy rating and set a $250.00 price target on shares of NVIDIA Corporation in a report on Friday, November 10th. Bank of America Corporation raised their price target on NVIDIA Corporation from $210.00 to $251.00 and gave the company a buy rating in a report on Friday, November 10th. Barclays PLC raised their price target on NVIDIA Corporation from $200.00 to $225.00 and gave the company an equal weight rating in a report on Friday, November 10th. Finally, Raymond James Financial, Inc. raised their price target on NVIDIA Corporation and gave the company an outperform rating in a report on Friday, November 10th. Four 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 company. NVIDIA Corporation currently has a consensus rating of Buy and a consensus price target of $186.85.

NVIDIA Corporation (NASDAQ:NVDA) traded down $0.25 during midday trading on Friday, reaching $211.36. The company’s stock had a trading volume of 12,702,474 shares, compared to its average volume of 17,662,922. The stock has a market cap of $126,970.00, a PE ratio of 52.75, a PEG ratio of 4.64 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. NVIDIA Corporation has a fifty-two week low of $84.77 and a fifty-two week high of $218.67.

NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion during 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. equities analysts predict that NVIDIA Corporation will post 4.13 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.14. NVIDIA Corporation’s payout ratio is currently 14.00%.

In other NVIDIA Corporation news, Director A Brooke Seawell sold 30,000 shares of NVIDIA Corporation stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the completion of the sale, the director now owns 16,507 shares of the company’s stock, valued at approximately $2,809,326.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dawn E. Hudson sold 15,000 shares of NVIDIA Corporation stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $213.44, for a total value of $3,201,600.00. Following the sale, the director now directly owns 46,868 shares of the company’s stock, valued at approximately $10,003,505.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 451,503 shares of company stock valued at $81,997,895. 5.82% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of NVDA. Thompson Davis & CO. Inc. lifted its holdings 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 buying an additional 6 shares during the period. Family Firm Inc. lifted its holdings in shares of NVIDIA Corporation by 0.7% in the 2nd quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock valued at $284,000 after buying an additional 13 shares during the period. Appleton Partners Inc. MA lifted its holdings in shares of NVIDIA Corporation by 1.2% in the 2nd quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock valued at $372,000 after buying an additional 30 shares during the period. Carnegie Capital Asset Management LLC lifted its holdings in shares of NVIDIA Corporation by 0.4% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock valued at $1,212,000 after buying an additional 30 shares during the period. Finally, Pinebridge Investments L.P. lifted its holdings in shares of NVIDIA Corporation by 1.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock valued at $271,000 after buying an additional 33 shares during the period. 65.40% of the stock is owned by 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.

Analyst Recommendations for NVIDIA Corporation (NASDAQ:NVDA)

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