NVIDIA (NVDA) Upgraded at 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 $218.94 price objective on the computer hardware maker’s stock.

NVDA has been the topic of a number of other reports. Citigroup reissued a buy rating and set a $210.00 target price (up from $185.00) on shares of NVIDIA in a report on Friday, September 29th. Bank of America set a $210.00 target price on NVIDIA and gave the stock a buy rating in a report on Thursday, October 12th. Needham & Company LLC boosted their target price on NVIDIA from $200.00 to $250.00 and gave the stock a buy rating in a report on Friday, October 13th. Stifel Nicolaus boosted their target price on NVIDIA from $110.00 to $184.00 and gave the stock a hold rating in a report on Friday, November 10th. Finally, Jefferies Group reissued a buy rating and set a $180.00 target price on shares of NVIDIA in a report on Tuesday, September 12th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $191.75.

NVIDIA (NVDA) traded up $1.12 during mid-day trading on Monday, hitting $213.59. The company had a trading volume of 14,533,317 shares, compared to its average volume of 15,859,800. 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 has a market cap of $129,440.00, a price-to-earnings ratio of 53.40, a PEG ratio of 4.64 and a beta of 1.18. NVIDIA has a 1-year low of $95.17 and a 1-year high of $218.67.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.39. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The firm’s revenue was up 31.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 EPS. research analysts predict that NVIDIA will post 4.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were given a dividend of $0.15 per share. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Wednesday, November 22nd. NVIDIA’s dividend payout ratio is currently 15.00%.

In other NVIDIA news, CFO Colette Kress sold 171 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $185.57, for a total value of $31,732.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Persis Drell sold 606 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,164 shares of company stock valued at $14,793,096. 5.82% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Welch Investments LLC acquired a new position in NVIDIA in the 3rd quarter worth about $104,000. Evercore Wealth Management LLC increased its stake in shares of NVIDIA by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after buying an additional 206 shares during the period. Thompson Davis & CO. Inc. increased its stake in shares of NVIDIA by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after buying an additional 6 shares during the period. Edge Advisors LLC increased its stake in shares of NVIDIA by 98.8% in the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after buying an additional 415 shares during the period. Finally, Exane Derivatives acquired a new stake in shares of NVIDIA in the third quarter valued at about $164,000. 63.41% of the stock is owned by institutional investors and hedge funds.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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