NVIDIA (NASDAQ:NVDA) had its price target upped by Craig Hallum from $300.00 to $335.00 in a research note published on Friday morning, The Fly reports. They currently have a hold rating on the computer hardware maker’s stock.
A number of other equities research analysts also recently weighed in on NVDA. Nomura Instinet boosted their target price on NVIDIA from $230.00 to $260.00 and gave the stock a reduce rating in a research report on Friday. Nomura Securities restated a sell rating and set a $230.00 target price on shares of NVIDIA in a research report on Wednesday, March 4th. Tigress Financial restated a buy rating on shares of NVIDIA in a research report on Wednesday, April 22nd. Cascend Securities upped their price objective on NVIDIA from $330.00 to $350.00 and gave the company a buy rating in a report on Thursday, May 14th. Finally, Royal Bank of Canada upped their price objective on NVIDIA from $350.00 to $385.00 and gave the company an outperform rating in a report on Tuesday. Four equities research 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 a consensus rating of Buy and a consensus target price of $340.68.
NVIDIA stock traded up $10.04 on Friday, reaching $361.05. The company’s stock had a trading volume of 25,601,366 shares, compared to its average volume of 12,644,931. The company has a market cap of $215.92 billion, a price-to-earnings ratio of 67.49, a PEG ratio of 3.68 and a beta of 1.33. NVIDIA has a twelve month low of $132.60 and a twelve month high of $363.72. 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 business’s fifty day moving average price is $292.70 and its 200 day moving average price is $252.32.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.18%. NVIDIA’s dividend payout ratio (DPR) is presently 13.94%.
In other NVIDIA news, Director Mark A. Stevens sold 60,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $261.63, for a total value of $15,697,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert K. Burgess sold 20,000 shares of the company’s 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 sale, the director now owns 13,935 shares in the company, valued at approximately $3,098,168.55. The disclosure for this sale can be found here. Insiders have sold 105,669 shares of company stock valued at $27,025,985 over the last three months. Insiders own 4.64% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in NVDA. Accurate Investment Solutions Inc. raised its stake in NVIDIA by 111.1% in the first quarter. Accurate Investment Solutions Inc. now owns 95 shares of the computer hardware maker’s stock valued at $25,000 after buying an additional 50 shares during the period. PrairieView Partners LLC bought a new stake in NVIDIA in the first quarter valued at approximately $26,000. Howard Wealth Management LLC bought a new stake in NVIDIA in the fourth quarter valued at approximately $28,000. Stonebridge Financial Planning Group LLC bought a new stake in NVIDIA in the fourth quarter valued at approximately $28,000. Finally, Archer Investment Corp bought a new stake in NVIDIA in the fourth quarter valued at approximately $29,000. Hedge funds and other 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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