NVIDIA (NASDAQ:NVDA) PT Raised to $275.00 at Bank of America

NVIDIA (NASDAQ:NVDA) had its target price boosted by Bank of America from $250.00 to $275.00 in a report published on Friday, Briefing.com Automated Import reports. They currently have a buy rating on the computer hardware maker’s stock.

Other research analysts have also issued reports about the company. Wells Fargo & Co upped their price target on NVIDIA from $220.00 to $240.00 and gave the company an outperform rating in a research report on Friday. Deutsche Bank upped their price target on NVIDIA from $160.00 to $190.00 and gave the company a hold rating in a research report on Monday, November 11th. Cowen upped their price target on NVIDIA from $195.00 to $240.00 and gave the company an outperform rating in a research report on Friday. Jefferies Financial Group upped their price target on NVIDIA from $210.00 to $250.00 and gave the company a buy rating in a research report on Friday. Finally, SunTrust Banks upped their price target on NVIDIA from $210.00 to $216.00 and gave the company a buy rating in a research report on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-eight have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $216.69.

NASDAQ:NVDA traded up $8.09 during trading hours on Friday, hitting $212.28. 14,362,500 shares of the company’s stock traded hands, compared to its average volume of 11,896,975. The firm has a market cap of $127.76 billion, a P/E ratio of 34.97, a P/E/G ratio of 5.39 and a beta of 2.06. NVIDIA has a twelve month low of $124.46 and a twelve month high of $213.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 7.74 and a current ratio of 8.65. The stock’s fifty day moving average price is $195.53 and its two-hundred day moving average price is $170.83.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, November 14th. The computer hardware maker reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.21. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.92 billion. NVIDIA had a return on equity of 22.82% and a net margin of 24.08%. NVIDIA’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.84 earnings per share. On average, equities research analysts predict that NVIDIA will post 4.07 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.30%. NVIDIA’s dividend payout ratio (DPR) is presently 10.54%.

In other news, Director Persis Drell sold 165 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $180.45, for a total transaction of $29,774.25. Following the completion of the sale, the director now owns 18,019 shares in the company, valued at approximately $3,251,528.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 31,357 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $179.01, for a total value of $5,613,216.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,883 shares of company stock valued at $11,206,817. 4.64% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVDA. Private Trust Co. NA boosted its position in shares of NVIDIA by 5.0% in the second quarter. Private Trust Co. NA now owns 1,905 shares of the computer hardware maker’s stock worth $312,000 after purchasing an additional 91 shares during the period. Fulton Bank N.A. boosted its position in shares of NVIDIA by 18.1% in the second quarter. Fulton Bank N.A. now owns 23,938 shares of the computer hardware maker’s stock worth $3,932,000 after purchasing an additional 3,673 shares during the period. Woodstock Corp boosted its position in shares of NVIDIA by 40.3% in the second quarter. Woodstock Corp now owns 17,709 shares of the computer hardware maker’s stock worth $2,908,000 after purchasing an additional 5,085 shares during the period. Montecito Bank & Trust boosted its position in shares of NVIDIA by 1.9% in the second quarter. Montecito Bank & Trust now owns 8,791 shares of the computer hardware maker’s stock worth $1,443,000 after purchasing an additional 166 shares during the period. Finally, Douglas Lane & Associates LLC boosted its position in shares of NVIDIA by 4.8% in the second quarter. Douglas Lane & Associates LLC now owns 339,686 shares of the computer hardware maker’s stock worth $55,787,000 after purchasing an additional 15,472 shares during the period. Institutional investors own 64.56% of the company’s stock.

NVIDIA Company Profile

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.

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