NVIDIA Co. (NASDAQ:NVDA) has been assigned an average recommendation of “Buy” from the forty-two research firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and thirty-two have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $351.14.
A number of equities research analysts have recently commented on NVDA shares. Credit Suisse Group reiterated a “buy” rating and set a $425.00 price target on shares of NVIDIA in a report on Wednesday. Wedbush raised their target price on shares of NVIDIA from $340.00 to $420.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Nomura Instinet raised their target price on shares of NVIDIA from $230.00 to $260.00 and gave the stock a “reduce” rating in a report on Friday, May 22nd. Needham & Company LLC started coverage on shares of NVIDIA in a report on Wednesday. They issued a “buy” rating and a $400.00 target price on the stock. Finally, Raymond James raised their target price on shares of NVIDIA from $330.00 to $370.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd.
In related news, Director Mark A. Stevens sold 22,400 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $378.55, for a total value of $8,479,520.00. Following the completion of the transaction, the director now owns 161,257 shares of the company’s stock, valued at approximately $61,043,837.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 60,000 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $261.63, for a total transaction of $15,697,800.00. The disclosure for this sale can be found here. Insiders sold a total of 191,291 shares of company stock worth $60,707,404 over the last ninety days. Corporate insiders own 4.47% of the company’s stock.
Shares of NASDAQ NVDA opened at $379.60 on Tuesday. NVIDIA has a fifty-two week low of $147.39 and a fifty-two week high of $385.70. The company has a 50 day simple moving average of $349.48 and a two-hundred day simple moving average of $277.80. The company has a market capitalization of $227.19 billion, a price-to-earnings ratio of 70.95, a P/E/G ratio of 3.33 and a beta of 1.38. The company has a debt-to-equity ratio of 0.57, a quick ratio of 9.70 and a current ratio of 10.29.
NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.44. NVIDIA had a net margin of 28.17% and a return on equity of 28.59%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the firm earned $0.88 earnings per share. The business’s revenue for the quarter was up 38.7% on a year-over-year basis. On average, analysts forecast that NVIDIA will post 6.56 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.17%. NVIDIA’s payout ratio is 13.94%.
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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