NVIDIA Co. (NVDA) Stock Rating Reaffirmed by Goldman Sachs Group Inc

NVIDIA Co. (NASDAQ:NVDA)‘s stock had its “buy” rating reaffirmed by equities research analysts at Goldman Sachs Group Inc in a note issued to investors on Friday, April 14th. They currently have a $130.00 price objective on the computer hardware maker’s stock. Goldman Sachs Group Inc’s price target points to a potential downside of 2.31% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $135.00 price target on shares of NVIDIA in a report on Friday, February 10th. Instinet increased their target price on NVIDIA to $100.00 in a research note on Friday, February 10th. Royal Bank of Canada increased their target price on NVIDIA from $124.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. Summit Redstone set a $120.00 target price on NVIDIA and gave the company a “buy” rating in a research note on Saturday, February 11th. Finally, Canaccord Genuity reduced their target price on NVIDIA from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, April 5th. Six research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. NVIDIA has an average rating of “Hold” and an average target price of $109.34.

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.16. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. NVIDIA had a net margin of 23.82% and a return on equity of 34.13%. The business’s quarterly revenue was up 48.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Tuesday, May 23rd will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, May 19th. NVIDIA’s dividend payout ratio is presently 21.96%.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.com-unik.info/2017/05/19/nvidia-co-nvda-given-buy-rating-at-goldman-sachs-group-inc-updated-updated-updated.html.

In related news, insider Michael Byron sold 750 shares of NVIDIA stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $102.09, for a total transaction of $76,567.50. Following the transaction, the insider now owns 159,442 shares in the company, valued at approximately $16,277,433.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director A Brooke Seawell sold 32,820 shares of NVIDIA stock in a transaction on Monday, March 20th. The shares were sold at an average price of $109.00, for a total transaction of $3,577,380.00. Following the transaction, the director now owns 35,927 shares in the company, valued at approximately $3,916,043. The disclosure for this sale can be found here. Insiders have sold a total of 312,240 shares of company stock worth $34,347,618 in the last quarter. Corporate insiders own 5.82% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. Norges Bank purchased a new position in NVIDIA during the fourth quarter worth $526,137,000. Baillie Gifford & Co. boosted its position in NVIDIA by 36.7% in the fourth quarter. Baillie Gifford & Co. now owns 14,140,920 shares of the computer hardware maker’s stock worth $1,509,402,000 after buying an additional 3,795,368 shares during the period. Jennison Associates LLC boosted its position in NVIDIA by 36.6% in the third quarter. Jennison Associates LLC now owns 12,844,514 shares of the computer hardware maker’s stock worth $880,106,000 after buying an additional 3,441,948 shares during the period. Wellington Management Group LLP boosted its position in NVIDIA by 499.0% in the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock worth $447,156,000 after buying an additional 3,419,701 shares during the period. Finally, Vanguard Group Inc. boosted its position in NVIDIA by 7.4% in the first quarter. Vanguard Group Inc. now owns 37,580,211 shares of the computer hardware maker’s stock worth $4,093,612,000 after buying an additional 2,597,209 shares during the period. Institutional investors own 85.00% of the company’s stock.

About NVIDIA

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.

5 Day Chart for NASDAQ:NVDA

What are top analysts saying about NVIDIA Co.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for NVIDIA Co. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit