NVIDIA (NVDA) Shares Gap Up to $222.00

Shares of NVIDIA Corporation (NASDAQ:NVDA) gapped up prior to trading on Monday . The stock had previously closed at $223.60, but opened at $222.00. NVIDIA shares last traded at $222.00, with a volume of 21970713 shares changing hands.

A number of analysts have weighed in on the stock. B. Riley reissued a “buy” rating and issued a $270.00 price target on shares of NVIDIA in a report on Monday. Goldman Sachs Group reissued a “buy” rating and issued a $228.00 price target on shares of NVIDIA in a report on Friday. Vetr downgraded shares of NVIDIA from a “strong-buy” rating to a “buy” rating and set a $217.46 price target for the company. in a report on Wednesday, January 3rd. ValuEngine downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Mizuho reissued a “buy” rating and issued a $225.00 price target on shares of NVIDIA in a report on Tuesday, November 28th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. NVIDIA currently has an average rating of “Buy” and a consensus price target of $192.04.

The company has a market capitalization of $134,530.00, a PE ratio of 55.50, a PEG ratio of 5.02 and a beta of 1.18. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31.

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

The company also recently announced 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. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. This is a boost from NVIDIA’s previous quarterly dividend of $0.14. NVIDIA’s dividend payout ratio (DPR) is 15.00%.

In related news, Director Persis Drell sold 606 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total transaction of $119,424.42. Following the completion of the sale, the director now owns 26,104 shares in the company, valued at approximately $5,144,315.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Debora Shoquist sold 33,498 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $189.24, for a total transaction of $6,339,161.52. The disclosure for this sale can be found here. Insiders have sold a total of 53,356 shares of company stock valued at $10,566,546 in the last quarter. 5.17% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in NVIDIA by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after acquiring an additional 2,676,976 shares in the last quarter. Ameriprise Financial Inc. increased its position in NVIDIA by 8.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock valued at $827,110,000 after acquiring an additional 463,306 shares in the last quarter. Renaissance Technologies LLC increased its position in NVIDIA by 19.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after acquiring an additional 768,200 shares in the last quarter. Janus Henderson Group PLC increased its position in NVIDIA by 5,424.4% in the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after acquiring an additional 4,022,728 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in NVIDIA by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,052,628 shares of the computer hardware maker’s stock valued at $585,894,000 after acquiring an additional 46,686 shares in the last quarter. Hedge funds and other institutional investors own 63.41% of the company’s stock.

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NVIDIA Company Profile

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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