NVIDIA (NASDAQ:NVDA) Price Target Increased to $370.00 by Analysts at Raymond James

NVIDIA (NASDAQ:NVDA) had its price target upped by Raymond James from $330.00 to $370.00 in a research note published on Friday morning, The Fly reports. They currently have an outperform rating on the computer hardware maker’s stock.

A number of other equities analysts have also commented on NVDA. Needham & Company LLC boosted their price objective on NVIDIA from $360.00 to $400.00 and gave the stock a buy rating in a research note on Friday. Citigroup boosted their price objective on NVIDIA from $315.00 to $392.00 and gave the stock a buy rating in a research note on Friday. Mizuho restated a buy rating and set a $400.00 target price (up previously from $295.00) on shares of NVIDIA in a research report on Friday. Barclays restated a buy rating and set a $300.00 target price on shares of NVIDIA in a research report on Friday, February 14th. Finally, BMO Capital Markets upgraded NVIDIA from a market perform rating to an outperform rating and boosted their target price for the stock from $285.00 to $425.00 in a research report on Monday, May 18th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target 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 debt-to-equity ratio of 0.21, a quick ratio of 7.13 and a current ratio of 7.67. 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. The business’s fifty day moving average price is $292.70 and its 200 day moving average price is $252.32. NVIDIA has a twelve month low of $132.60 and a twelve month high of $363.72.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, May 21st. The computer hardware maker reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3 billion. NVIDIA had a return on equity of 29.76% and a net margin of 28.17%. The business’s revenue was up 38.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 earnings per share. As a group, equities analysts forecast that NVIDIA will post 6.29 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.18%. NVIDIA’s payout ratio is 13.94%.

In other news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated 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 directly owns 160,545 shares of the company’s stock, valued at $42,708,180.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James C. Gaither sold 15,669 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $269.41, for a total value of $4,221,385.29. Following the transaction, the director now directly owns 2,221 shares of the company’s stock, valued at $598,359.61. The disclosure for this sale can be found here. Over the last three months, insiders sold 105,669 shares of company stock valued at $27,025,985. Insiders own 4.64% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Blue Chip Wealth Management Inc. boosted its position in shares of NVIDIA by 2.7% during the fourth quarter. Blue Chip Wealth Management Inc. now owns 2,701 shares of the computer hardware maker’s stock worth $636,000 after buying an additional 71 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in NVIDIA by 3.8% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 168,761 shares of the computer hardware maker’s stock valued at $39,709,000 after purchasing an additional 6,100 shares during the last quarter. Neo Ivy Capital Management boosted its position in NVIDIA by 27.3% during the fourth quarter. Neo Ivy Capital Management now owns 2,980 shares of the computer hardware maker’s stock valued at $701,000 after purchasing an additional 639 shares during the last quarter. Baillie Gifford & Co. boosted its position in NVIDIA by 2.8% during the fourth quarter. Baillie Gifford & Co. now owns 7,711,347 shares of the computer hardware maker’s stock valued at $1,814,480,000 after purchasing an additional 210,550 shares during the last quarter. Finally, Atria Investments LLC boosted its position in NVIDIA by 73.5% during the fourth quarter. Atria Investments LLC now owns 25,949 shares of the computer hardware maker’s stock valued at $6,106,000 after purchasing an additional 10,989 shares during the last quarter. 66.68% of the stock is owned by institutional investors.

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.

See Also: Discover Your Risk Tolerance

The Fly

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.