Rosenblatt Securities reaffirmed their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a research report sent to investors on Friday, AnalystRatings.com reports. They currently have a $240.00 target price on the computer hardware maker’s stock.
NVDA has been the topic of several other research reports. SunTrust Banks boosted their price target on NVIDIA from $210.00 to $216.00 and gave the company a buy rating in a research note on Monday, September 23rd. Benchmark reiterated a buy rating and set a $210.00 price target on shares of NVIDIA in a research note on Wednesday, August 21st. Deutsche Bank boosted their price target on NVIDIA from $160.00 to $190.00 and gave the company a hold rating in a research note on Monday, November 11th. BMO Capital Markets restated a market perform rating and issued a $200.00 target price on shares of NVIDIA in a research note on Thursday, November 14th. Finally, Royal Bank of Canada upped their target price on NVIDIA from $217.00 to $251.00 and gave the stock an outperform rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-seven have issued a buy rating to the company. NVIDIA has an average rating of Buy and a consensus target price of $216.69.
NVDA stock traded down $4.11 on Friday, hitting $208.17. 658,581 shares of the company’s stock were exchanged, compared to its average volume of 8,276,448. NVIDIA has a 12-month low of $124.46 and a 12-month high of $213.35. The firm has a 50 day moving average price of $195.53 and a two-hundred day moving average price of $170.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 7.71 and a current ratio of 8.42. The stock has a market cap of $124.96 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 5.25 and a beta of 2.06.
NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, November 14th. The computer hardware maker reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.21. NVIDIA had a return on equity of 22.02% and a net margin of 24.08%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the previous year, the business earned $1.84 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. Sell-side analysts expect that NVIDIA will post 4.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a $0.16 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.64 annualized dividend and a dividend yield of 0.31%. NVIDIA’s dividend payout ratio is presently 10.54%.
In related news, Director Persis Drell sold 165 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $180.45, for a total value of $29,774.25. Following the completion of the sale, the director now owns 18,019 shares of the company’s stock, valued at $3,251,528.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dawn E. Hudson sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $171.73, for a total value of $858,650.00. Following the completion of the sale, the director now directly owns 36,037 shares of the company’s stock, valued at approximately $6,188,634.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,883 shares of company stock valued at $11,206,817. Insiders own 4.64% of the company’s stock.
A number of institutional investors have recently modified their holdings of NVDA. Pacific Center for Financial Services grew its position in NVIDIA by 143.1% in the second quarter. Pacific Center for Financial Services now owns 158 shares of the computer hardware maker’s stock worth $26,000 after acquiring an additional 93 shares during the period. LLBH Private Wealth Management LLC purchased a new position in NVIDIA in the second quarter worth approximately $27,000. Marquette Asset Management LLC grew its position in NVIDIA by 416.7% in the third quarter. Marquette Asset Management LLC now owns 155 shares of the computer hardware maker’s stock worth $27,000 after acquiring an additional 125 shares during the period. Field & Main Bank purchased a new position in NVIDIA in the second quarter worth approximately $33,000. Finally, Investors Research Corp grew its position in NVIDIA by 313.0% in the third quarter. Investors Research Corp now owns 190 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 144 shares during the period. Institutional investors own 64.56% of the company’s stock.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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.
Recommended Story: How to read a candlestick chart
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.