NVIDIA (NASDAQ:NVDA) had its target price upped by Deutsche Bank from $205.00 to $230.00 in a research note issued to investors on Friday morning. The brokerage currently has a hold rating on the computer hardware maker’s stock.
Several other equities analysts have also weighed in on the company. SunTrust Banks reissued a buy rating and issued a $305.00 target price (up previously from $253.00) on shares of NVIDIA in a research note on Friday. Stifel Nicolaus increased their target price on NVIDIA from $184.00 to $220.00 and gave the company a hold rating in a research note on Friday. They noted that the move was a valuation call. Bank of America reissued a buy rating and issued a $300.00 target price (up previously from $275.00) on shares of NVIDIA in a research note on Friday. Mizuho increased their target price on NVIDIA from $240.00 to $265.00 and gave the company a buy rating in a research note on Friday. Finally, Jefferies Group increased their target price on NVIDIA from $15.50 to $300.00 and gave the company a buy rating in a research note on Friday. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $210.67.
NVIDIA (NASDAQ NVDA) traded up $14.56 during trading hours on Friday, reaching $232.08. The company’s stock had a trading volume of 41,870,000 shares, compared to its average volume of 14,810,000. NVIDIA has a 1 year low of $95.17 and a 1 year high of $249.27. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $150,050.00, a price-to-earnings ratio of 48.05, a price-to-earnings-growth ratio of 4.53 and a beta of 1.43.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. NVIDIA’s payout ratio is presently 12.42%.
In related news, Director Persis Drell sold 606 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total transaction of $119,424.42. Following the completion of the transaction, the director now directly owns 26,104 shares in the company, valued at $5,144,315.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director A Brooke Seawell sold 1,029 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $214.10, for a total value of $220,308.90. Following the transaction, the director now owns 1,029 shares of the company’s stock, valued at $220,308.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,858 shares of company stock valued at $4,227,384. 5.82% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Ark Investment Management LLC grew its stake in NVIDIA by 79.5% in the second quarter. Ark Investment Management LLC now owns 126,769 shares of the computer hardware maker’s stock valued at $18,326,000 after purchasing an additional 56,138 shares in the last quarter. AHL Partners LLP bought a new position in NVIDIA in the second quarter valued at approximately $848,000. BB&T Investment Services Inc. bought a new position in NVIDIA in the second quarter valued at approximately $241,000. Koch Industries Inc. grew its stake in NVIDIA by 4,042.8% in the second quarter. Koch Industries Inc. now owns 241,484 shares of the computer hardware maker’s stock valued at $240,000 after purchasing an additional 235,655 shares in the last quarter. Finally, Covington Capital Management grew its stake in NVIDIA by 1.4% in the second quarter. Covington Capital Management now owns 11,260 shares of the computer hardware maker’s stock valued at $1,628,000 after purchasing an additional 155 shares in the last quarter. Institutional investors and hedge funds own 62.84% of the company’s stock.
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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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