NVIDIA (NVDA) Stock Rating Upgraded by Vetr
Vetr upgraded shares of NVIDIA (NASDAQ:NVDA) from a buy rating to a strong-buy rating in a research report report published on Monday. They currently have $246.84 price target on the computer hardware maker’s stock.
Other analysts also recently issued research reports about the company. BidaskClub upgraded NVIDIA from a buy rating to a strong-buy rating in a research report on Thursday, January 11th. Susquehanna Bancshares reiterated a neutral rating and issued a $200.00 price objective (up previously from $185.00) on shares of NVIDIA in a research report on Thursday, February 8th. Stifel Nicolaus boosted their price objective on NVIDIA from $184.00 to $220.00 and gave the company a hold rating in a research report on Friday. They noted that the move was a valuation call. Zacks Investment Research upgraded NVIDIA from a hold rating to a buy rating and set a $262.00 price objective for the company in a research report on Wednesday, January 24th. Finally, Jefferies Group boosted their price objective on NVIDIA from $15.50 to $300.00 and gave the company a buy rating in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $210.67.
Shares of NVIDIA (NVDA) opened at $228.03 on Monday. The firm has a market capitalization of $138,190.00, a P/E ratio of 47.21, a P/E/G ratio of 4.83 and a beta of 1.43. NVIDIA has a 12-month low of $95.17 and a 12-month high of $249.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s dividend payout ratio (DPR) is 12.42%.
In other NVIDIA news, Director Persis Drell sold 606 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the sale, the director now directly owns 26,104 shares of the company’s stock, valued at $5,144,315.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 171 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $185.57, for a total value of $31,732.47. The disclosure for this sale can be found here. Insiders sold 4,858 shares of company stock worth $1,025,784 over the last three months. Corporate insiders own 5.17% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in NVDA. Whale Rock Capital Management LLC bought a new stake in NVIDIA in the third quarter worth $93,171,000. Old Mutual Global Investors UK Ltd. boosted its holdings in NVIDIA by 71.3% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 1,028,663 shares of the computer hardware maker’s stock worth $199,046,000 after acquiring an additional 428,046 shares in the last quarter. Zevenbergen Capital Investments LLC boosted its holdings in NVIDIA by 957.5% in the third quarter. Zevenbergen Capital Investments LLC now owns 391,565 shares of the computer hardware maker’s stock worth $70,000,000 after acquiring an additional 354,537 shares in the last quarter. Global X Management Co. LLC boosted its holdings in NVIDIA by 124.8% in the fourth quarter. Global X Management Co. LLC now owns 616,045 shares of the computer hardware maker’s stock worth $119,205,000 after acquiring an additional 342,038 shares in the last quarter. Finally, Swedbank boosted its holdings in NVIDIA by 21.0% in the third quarter. Swedbank now owns 1,690,684 shares of the computer hardware maker’s stock worth $302,244,000 after acquiring an additional 293,832 shares in the last quarter. 62.70% of the stock is currently owned by institutional investors and hedge funds.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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