NVIDIA (NASDAQ:NVDA) Price Target Increased to $415.00 by Analysts at Sanford C. Bernstein

NVIDIA (NASDAQ:NVDA) had its price target hoisted by Sanford C. Bernstein from $360.00 to $415.00 in a research report released on Friday, The Fly reports. Sanford C. Bernstein currently has an outperform rating on the computer hardware maker’s stock.

NVDA has been the subject of several other reports. Needham & Company LLC raised their target price on NVIDIA from $360.00 to $400.00 and gave the stock a buy rating in a research report on Friday. Goldman Sachs Group reaffirmed a buy rating on shares of NVIDIA in a research report on Tuesday, February 18th. Mizuho reissued a buy rating and issued a $400.00 price objective (up from $295.00) on shares of NVIDIA in a research report on Friday. Credit Suisse Group assumed coverage on NVIDIA in a research report on Thursday. They issued an outperform rating and a $425.00 price objective for the company. Finally, Argus lifted their price objective on NVIDIA from $300.00 to $340.00 and gave the stock a buy rating in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $340.68.

Shares of NASDAQ NVDA traded up $10.04 during mid-day trading on Friday, hitting $361.05. 25,601,366 shares of the stock traded hands, compared to its average volume of 12,644,931. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.67 and a quick ratio of 7.13. NVIDIA has a twelve month low of $132.60 and a twelve month high of $363.72. The company has a market cap 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 has a 50 day simple moving average of $292.70 and a two-hundred day simple moving average of $252.32.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.44. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3 billion. NVIDIA had a return on equity of 29.76% and a net margin of 28.17%. NVIDIA’s revenue for the quarter was up 38.7% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. On average, equities research analysts anticipate that NVIDIA will post 6.29 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders 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 payout ratio is 13.94%.

In other news, Director James C. Gaither sold 15,669 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $269.41, for a total transaction of $4,221,385.29. Following the completion of the sale, the director now directly owns 2,221 shares in the company, valued at $598,359.61. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert K. Burgess sold 20,000 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $222.33, for a total transaction of $4,446,600.00. Following the sale, the director now owns 13,935 shares of the company’s stock, valued at $3,098,168.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,669 shares of company stock valued at $27,025,985. Company insiders own 4.64% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Accurate Investment Solutions Inc. boosted its holdings in shares of NVIDIA by 111.1% during the first quarter. Accurate Investment Solutions Inc. now owns 95 shares of the computer hardware maker’s stock worth $25,000 after purchasing an additional 50 shares during the period. PrairieView Partners LLC purchased a new stake in shares of NVIDIA during the first quarter worth about $26,000. Stonebridge Financial Planning Group LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $28,000. Howard Wealth Management LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $28,000. Finally, Braun Bostich & Associates Inc. bought a new position in NVIDIA in the fourth quarter worth about $30,000. 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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