NVIDIA (NVDA) Price Target Raised to $258.00

NVIDIA (NASDAQ:NVDA) had its price objective boosted by Morgan Stanley from $222.00 to $258.00 in a report issued on Friday. Morgan Stanley currently has an equal weight rating on the computer hardware maker’s stock.

NVDA has been the topic of a number of other research reports. Oppenheimer reaffirmed a hold rating on shares of NVIDIA in a research report on Sunday, November 5th. Bank of America reaffirmed a buy rating and issued a $275.00 target price (up previously from $251.00) on shares of NVIDIA in a research report on Friday, January 19th. B. Riley reissued a buy rating and set a $270.00 price target on shares of NVIDIA in a research report on Monday, January 8th. Jefferies Group boosted their price target on NVIDIA from $230.00 to $240.00 and gave the stock a buy rating in a research report on Friday, November 10th. Finally, Barclays boosted their price target on NVIDIA from $200.00 to $225.00 and gave the stock an equal weight rating in a research report on Friday, November 10th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $210.67.

NVIDIA (NASDAQ NVDA) traded up $14.56 during mid-day trading 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. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $150,050.00, a price-to-earnings ratio of 48.05, a PEG ratio of 4.53 and a beta of 1.43. NVIDIA has a 52-week low of $95.17 and a 52-week high of $249.27.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.56. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a return on equity of 47.44% and a net margin of 31.36%. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.13 earnings per share. sell-side analysts expect that NVIDIA will post 4.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.60 annualized dividend and a yield of 0.26%. NVIDIA’s dividend payout ratio (DPR) is currently 12.42%.

In other NVIDIA news, CFO Colette Kress sold 171 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 1,029 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $214.10, for a total transaction of $220,308.90. Following the transaction, the director now owns 1,029 shares of the company’s stock, valued at approximately $220,308.90. The disclosure for this sale can be found here. Insiders have sold 19,858 shares of company stock valued at $4,227,384 in the last quarter. 5.82% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. First Republic Investment Management Inc. lifted its holdings in NVIDIA by 34.1% during the 4th quarter. First Republic Investment Management Inc. now owns 76,231 shares of the computer hardware maker’s stock valued at $14,751,000 after buying an additional 19,386 shares in the last quarter. Private Wealth Advisors Inc. bought a new stake in NVIDIA during the 4th quarter valued at about $223,000. Alpha Cubed Investments LLC lifted its holdings in NVIDIA by 153.8% during the 4th quarter. Alpha Cubed Investments LLC now owns 12,301 shares of the computer hardware maker’s stock valued at $2,380,000 after buying an additional 7,455 shares in the last quarter. Dynamic Advisors Solutions LLC bought a new stake in NVIDIA during the 4th quarter valued at about $210,000. Finally, Baird Financial Group Inc. lifted its holdings in NVIDIA by 7.1% during the 4th quarter. Baird Financial Group Inc. now owns 46,403 shares of the computer hardware maker’s stock valued at $8,979,000 after buying an additional 3,058 shares in the last quarter. Hedge funds and other institutional investors own 62.84% 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.

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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