NVIDIA (NASDAQ:NVDA) had its price target boosted by Nomura Instinet from $230.00 to $260.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. The brokerage currently has a reduce rating on the computer hardware maker’s stock.
A number of other research firms have also recently commented on NVDA. Tigress Financial reissued a buy rating on shares of NVIDIA in a research report on Wednesday, April 22nd. Rosenblatt Securities increased their target price on shares of NVIDIA from $340.00 to $400.00 and gave the company a buy rating in a research report on Friday. Needham & Company LLC upped their price target on shares of NVIDIA from $360.00 to $400.00 and gave the company a buy rating in a research note on Friday. Zacks Investment Research lowered shares of NVIDIA from a buy rating to a hold rating and set a $297.00 price target on the stock. in a research note on Monday, May 4th. Finally, Wells Fargo & Co upped their price target on shares of NVIDIA from $360.00 to $430.00 and gave the company an overweight rating in a research note on Friday. Four analysts have rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $340.68.
NASDAQ:NVDA traded up $10.04 during midday trading on Friday, reaching $361.05. 25,601,366 shares of the stock traded hands, compared to its average volume of 12,644,931. NVIDIA has a 12-month low of $132.60 and a 12-month high of $363.72. The business has a 50-day moving average of $292.70 and a two-hundred day moving average of $252.32. The company has a debt-to-equity ratio of 0.21, a quick ratio of 7.13 and a current ratio of 7.67. The stock has a market capitalization of $215.92 billion, a PE ratio of 67.49, a price-to-earnings-growth ratio of 3.68 and a beta of 1.33.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.18%. NVIDIA’s dividend payout ratio (DPR) is currently 13.94%.
In related news, Director Robert K. Burgess sold 20,000 shares of NVIDIA stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $222.33, for a total value of $4,446,600.00. Following the completion of the transaction, the director now owns 13,935 shares in the company, valued at $3,098,168.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $266.02, for a total transaction of $2,660,200.00. Following the completion of the transaction, the director now owns 160,545 shares of the company’s stock, valued at approximately $42,708,180.90. The disclosure for this sale can be found here. Insiders sold 105,669 shares of company stock valued at $27,025,985 in the last quarter. 4.64% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Blue Chip Wealth Management Inc. lifted its stake in NVIDIA by 2.7% in the fourth quarter. Blue Chip Wealth Management Inc. now owns 2,701 shares of the computer hardware maker’s stock worth $636,000 after acquiring an additional 71 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in NVIDIA by 3.8% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 168,761 shares of the computer hardware maker’s stock worth $39,709,000 after acquiring an additional 6,100 shares during the last quarter. Neo Ivy Capital Management lifted its stake in NVIDIA by 27.3% in the fourth quarter. Neo Ivy Capital Management now owns 2,980 shares of the computer hardware maker’s stock worth $701,000 after acquiring an additional 639 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of NVIDIA by 2.8% during the 4th quarter. Baillie Gifford & Co. now owns 7,711,347 shares of the computer hardware maker’s stock worth $1,814,480,000 after buying an additional 210,550 shares during the last quarter. Finally, Atria Investments LLC lifted its position in shares of NVIDIA by 73.5% during the 4th quarter. Atria Investments LLC now owns 25,949 shares of the computer hardware maker’s stock worth $6,106,000 after buying an additional 10,989 shares during the last quarter. Institutional investors own 66.68% 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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