NVIDIA Corporation (NVDA) Given Equal Weight Rating at KeyCorp

KeyCorp reiterated their equal weight rating on shares of NVIDIA Corporation (NASDAQ:NVDA) in a report published on Tuesday morning.

A number of other equities research analysts also recently issued reports on NVDA. Vetr upgraded NVIDIA Corporation from a buy rating to a strong-buy rating and set a $67.52 price objective on the stock in a research report on Monday, September 12th. Nomura reiterated a buy rating and issued a $62.50 price objective on shares of NVIDIA Corporation in a research report on Monday, September 12th. B. Riley reiterated a buy rating and issued a $73.00 price objective on shares of NVIDIA Corporation in a research report on Tuesday, September 13th. RBC Capital Markets reiterated an outperform rating and issued a $72.00 price objective on shares of NVIDIA Corporation in a research report on Wednesday, September 14th. Finally, MKM Partners increased their price objective on NVIDIA Corporation from $70.00 to $74.00 and gave the stock a buy rating in a research report on Thursday, September 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have issued a buy rating and four have given a strong buy rating to the stock. NVIDIA Corporation currently has an average rating of Buy and an average price target of $82.88.

Analyst Recommendations for NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA Corporation (NASDAQ:NVDA) traded down 1.46% during midday trading on Tuesday, hitting $104.92. The company’s stock had a trading volume of 11,071,277 shares. NVIDIA Corporation has a 52-week low of $24.75 and a 52-week high of $119.93. The company has a market cap of $56.55 billion, a PE ratio of 53.61 and a beta of 1.31. The stock has a 50 day moving average of $98.52 and a 200 day moving average of $70.73.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 10th. The computer hardware maker reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.37. NVIDIA Corporation had a return on equity of 26.82% and a net margin of 19.52%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the business posted $0.44 earnings per share. The firm’s revenue was up 53.6% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Corporation will post $2.46 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Monday, December 19th. Stockholders of record on Monday, November 28th were issued a $0.14 dividend. This is a boost from NVIDIA Corporation’s previous quarterly dividend of $0.12. The ex-dividend date was Wednesday, November 23rd. This represents a $0.56 annualized dividend and a dividend yield of 0.53%. NVIDIA Corporation’s dividend payout ratio is presently 29.32%.

In other news, Director A Brooke Seawell sold 35,000 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $87.74, for a total value of $3,070,900.00. Following the completion of the transaction, the director now owns 41,213 shares in the company, valued at approximately $3,616,028.62. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Debora Shoquist sold 19,265 shares of the company’s stock in a transaction on Thursday, December 29th. The shares were sold at an average price of $104.88, for a total transaction of $2,020,513.20. Following the completion of the transaction, the executive vice president now owns 318,791 shares of the company’s stock, valued at approximately $33,434,800.08. The disclosure for this sale can be found here. 5.82% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA boosted its position in shares of NVIDIA Corporation by 0.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,986,585 shares of the computer hardware maker’s stock valued at $798,539,000 after buying an additional 152,220 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of NVIDIA Corporation by 3.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 13,714,909 shares of the computer hardware maker’s stock valued at $939,746,000 after buying an additional 414,290 shares during the last quarter. Jennison Associates LLC boosted its position in shares of NVIDIA Corporation by 36.6% in the third quarter. Jennison Associates LLC now owns 12,844,514 shares of the computer hardware maker’s stock valued at $880,106,000 after buying an additional 3,441,948 shares during the last quarter. Egerton Capital UK LLP boosted its position in shares of NVIDIA Corporation by 51.6% in the second quarter. Egerton Capital UK LLP now owns 4,751,116 shares of the computer hardware maker’s stock valued at $223,350,000 after buying an additional 1,616,816 shares during the last quarter. Finally, Janus Capital Management LLC boosted its position in shares of NVIDIA Corporation by 22.1% in the second quarter. Janus Capital Management LLC now owns 4,706,619 shares of the computer hardware maker’s stock valued at $221,258,000 after buying an additional 850,351 shares during the last quarter. Institutional investors and hedge funds own 84.12% of the company’s stock.

About NVIDIA Corporation

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.

5 Day Chart for NASDAQ:NVDA

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