Other research analysts have also recently issued reports about the stock. Goldman Sachs Group Inc. started coverage on shares of NVIDIA in a report on Thursday, June 2nd. They issued a buy rating and a $54.00 target price for the company. Zacks Investment Research upgraded shares of NVIDIA from a hold rating to a buy rating and set a $51.00 target price for the company in a report on Tuesday, June 28th. Vetr upgraded shares of NVIDIA from a hold rating to a buy rating and set a $47.09 target price for the company in a report on Monday, June 27th. B. Riley reiterated a buy rating and issued a $58.00 target price on shares of NVIDIA in a report on Wednesday, June 22nd. Finally, Canaccord Genuity reiterated a buy rating and issued a $55.00 target price (up from $45.00) on shares of NVIDIA in a report on Thursday, June 16th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $58.32.
Shares of NVIDIA (NASDAQ:NVDA) opened at 69.28 on Friday. The company’s 50-day moving average is $63.00 and its 200-day moving average is $48.79. The stock has a market capitalization of $37.06 billion, a PE ratio of 45.52 and a beta of 1.25. NVIDIA has a 12 month low of $24.75 and a 12 month high of $69.51.
NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, August 11th. The computer hardware maker reported $0.53 EPS for the quarter, topping the consensus estimate of $0.37 by $0.16. NVIDIA had a net margin of 16.58% and a return on equity of 20.86%. The company earned $1.43 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the company posted $0.34 earnings per share. The business’s revenue for the quarter was up 23.9% on a year-over-year basis. Equities research analysts expect that NVIDIA will post $1.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 25th were given a $0.115 dividend. The ex-dividend date was Tuesday, August 23rd. This represents a $0.46 annualized dividend and a dividend yield of 0.67%. NVIDIA’s dividend payout ratio is presently 30.26%.
In related news, CEO Jen Hsun Huang sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $52.94, for a total value of $2,117,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,817,279 shares in the company, valued at approximately $96,206,750.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A Brooke Seawell sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $62.52, for a total value of $1,875,600.00. Following the completion of the transaction, the director now owns 6,213 shares of the company’s stock, valued at $388,436.76. The disclosure for this sale can be found here. 5.82% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of the stock. Trinity Street Asset Management LLP raised its position in shares of NVIDIA by 154.6% in the second quarter. Trinity Street Asset Management LLP now owns 563,363 shares of the computer hardware maker’s stock valued at $26,483,000 after buying an additional 342,092 shares in the last quarter. Natixis raised its position in shares of NVIDIA by 91.1% in the first quarter. Natixis now owns 1,754,727 shares of the computer hardware maker’s stock valued at $62,521,000 after buying an additional 836,276 shares in the last quarter. Legal & General Group Plc raised its position in shares of NVIDIA by 5.1% in the first quarter. Legal & General Group Plc now owns 2,243,547 shares of the computer hardware maker’s stock valued at $79,938,000 after buying an additional 107,884 shares in the last quarter. Clark Capital Management Group Inc. acquired a new position in shares of NVIDIA during the first quarter valued at about $7,723,000. Finally, Nordea Investment Management AB raised its position in shares of NVIDIA by 114.1% in the second quarter. Nordea Investment Management AB now owns 33,823 shares of the computer hardware maker’s stock valued at $1,590,000 after buying an additional 18,023 shares in the last quarter. Institutional investors and hedge funds own 86.37% of the company’s stock.
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
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