NVIDIA (NVDA) PT Raised to $225.00
Other equities research analysts also recently issued research reports about the stock. Needham & Company LLC boosted their target price on shares of NVIDIA to $300.00 in a research report on Friday. Vetr raised shares of NVIDIA from a hold rating to a buy rating and set a $203.56 target price for the company in a research report on Wednesday, October 25th. Jefferies Group boosted their target price on shares of NVIDIA from $180.00 to $230.00 and gave the stock a buy rating in a research report on Monday, October 23rd. Bank of America set a $210.00 target price on shares of NVIDIA and gave the stock a buy rating in a research report on Thursday, October 12th. Finally, B. Riley boosted their target price on shares of NVIDIA from $200.00 to $250.00 and gave the stock a buy rating in a research report on Monday, November 6th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. NVIDIA currently has a consensus rating of Buy and an average price target of $210.67.
NVIDIA (NVDA) traded up $14.56 during trading on Friday, reaching $232.08. 41,815,578 shares of the company traded hands, compared to its average volume of 14,810,000. NVIDIA has a 12-month low of $95.17 and a 12-month high of $249.27. The stock has a market cap of $150,050.00, a P/E ratio of 48.05, a price-to-earnings-growth ratio of 4.53 and a beta of 1.43. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, February 22nd. NVIDIA’s dividend payout ratio (DPR) is presently 12.42%.
In other NVIDIA news, Director Persis Drell sold 606 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total transaction of $119,424.42. Following the completion of the transaction, the director now directly owns 26,104 shares of the company’s stock, valued at approximately $5,144,315.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dawn E. Hudson sold 3,052 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total transaction of $654,318.28. Following the transaction, the director now directly owns 28,816 shares of the company’s stock, valued at $6,177,862.24. The disclosure for this sale can be found here. Insiders have sold a total of 19,858 shares of company stock valued at $4,227,384 over the last three months. 5.82% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. First Republic Investment Management Inc. boosted its stake in NVIDIA by 34.1% during the 4th quarter. First Republic Investment Management Inc. now owns 76,231 shares of the computer hardware maker’s stock valued at $14,751,000 after purchasing an additional 19,386 shares during the period. Private Wealth Advisors Inc. acquired a new position in NVIDIA during the 4th quarter valued at about $223,000. Alpha Cubed Investments LLC boosted its stake in NVIDIA by 153.8% during the 4th quarter. Alpha Cubed Investments LLC now owns 12,301 shares of the computer hardware maker’s stock valued at $2,380,000 after purchasing an additional 7,455 shares during the period. Dynamic Advisors Solutions LLC acquired a new position in NVIDIA during the 4th quarter valued at about $210,000. Finally, Baird Financial Group Inc. boosted its stake in NVIDIA by 7.1% during the 4th quarter. Baird Financial Group Inc. now owns 46,403 shares of the computer hardware maker’s stock valued at $8,979,000 after purchasing an additional 3,058 shares during the period. 62.84% of the stock is owned by hedge funds and other institutional investors.
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NVIDIA 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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