Canaccord Genuity restated their buy rating on shares of NVIDIA Corporation (NASDAQ:NVDA) in a report issued on Monday, July 17th. Canaccord Genuity currently has a $155.00 target price on the computer hardware maker’s stock.
Other equities research analysts have also issued research reports about the stock. Goldman Sachs Group, Inc. (The) reiterated a buy rating and set a $130.00 price objective on shares of NVIDIA Corporation in a research note on Friday, April 14th. UBS AG reiterated a buy rating and set a $132.00 price objective on shares of NVIDIA Corporation in a research note on Monday, April 10th. Citigroup Inc. set a $145.00 price objective on shares of NVIDIA Corporation and gave the stock a buy rating in a research note on Thursday, April 6th. B. Riley reiterated a buy rating and set a $135.00 price objective on shares of NVIDIA Corporation in a research note on Monday, March 27th. Finally, Vetr lowered shares of NVIDIA Corporation from a strong-buy rating to a buy rating and set a $117.10 price objective on the stock. in a research note on Monday, March 20th. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $143.96.
NVIDIA Corporation (NASDAQ:NVDA) opened at 155.96 on Monday. The stock has a market cap of $92.80 billion, a price-to-earnings ratio of 52.35 and a beta of 1.24. NVIDIA Corporation has a 12-month low of $57.32 and a 12-month high of $174.56. The company’s 50 day moving average price is $159.49 and its 200-day moving average price is $127.38. NVIDIA Corporation also was the target of some unusual options trading activity on Thursday. Stock investors purchased 84,606 put options on the company. This represents an increase of approximately 147% compared to the average volume of 34,198 put options.
NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.32. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.99%. The company’s revenue for the quarter was up 56.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 EPS. On average, analysts forecast that NVIDIA Corporation will post $3.10 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.56 annualized dividend and a dividend yield of 0.36%. NVIDIA Corporation’s dividend payout ratio (DPR) is 15.86%.
In related news, Director Persis Drell sold 2,500 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $130.02, for a total value of $325,050.00. Following the transaction, the director now directly owns 24,652 shares in the company, valued at approximately $3,205,253.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Byron sold 25,507 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $137.09, for a total transaction of $3,496,754.63. Following the completion of the transaction, the insider now owns 162,706 shares in the company, valued at $22,305,365.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 572,282 shares of company stock worth $86,830,082. 5.82% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the company. RB Capital Management LLC bought a new stake in NVIDIA Corporation during the second quarter valued at about $272,000. D. Scott Neal Inc. bought a new stake in NVIDIA Corporation during the second quarter valued at about $258,000. Greenwich Wealth Management LLC raised its stake in NVIDIA Corporation by 0.6% in the first quarter. Greenwich Wealth Management LLC now owns 55,437 shares of the computer hardware maker’s stock valued at $6,039,000 after buying an additional 357 shares in the last quarter. Columbus Circle Investors bought a new stake in NVIDIA Corporation during the first quarter valued at about $8,530,000. Finally, Ameriprise Financial Inc. raised its stake in NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock valued at $572,695,000 after buying an additional 1,672,231 shares in the last quarter. Institutional investors own 68.91% of the company’s stock.
About NVIDIA Corporation
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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