NVIDIA (NASDAQ:NVDA – Get Rating) had its price objective raised by Jefferies Financial Group from $275.00 to $300.00 in a research report report published on Thursday morning, The Fly reports. The firm currently has a buy rating on the computer hardware maker’s stock.
A number of other analysts have also recently weighed in on the stock. Bank of America increased their price target on shares of NVIDIA from $255.00 to $275.00 and gave the stock a buy rating in a research note on Thursday. Morgan Stanley upped their price objective on shares of NVIDIA from $175.00 to $246.00 and gave the stock an equal weight rating in a research report on Tuesday, February 21st. Robert W. Baird upped their price objective on shares of NVIDIA from $150.00 to $230.00 and gave the stock a neutral rating in a research report on Thursday. KeyCorp upped their price objective on shares of NVIDIA from $220.00 to $280.00 and gave the stock an overweight rating in a research report on Friday, February 17th. Finally, Raymond James cut their price objective on shares of NVIDIA from $210.00 to $190.00 and set a strong-buy rating for the company in a research report on Thursday, November 17th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $237.68.
NVIDIA Stock Down 1.6 %
Shares of NASDAQ:NVDA opened at $232.86 on Thursday. The stock has a market cap of $579.82 billion, a P/E ratio of 133.83, a P/E/G ratio of 4.32 and a beta of 1.79. The firm has a fifty day moving average price of $184.48 and a 200 day moving average price of $160.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.52 and a quick ratio of 2.73. NVIDIA has a 1-year low of $108.13 and a 1-year high of $289.46.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 8th will be paid a dividend of $0.04 per share. The ex-dividend date is Tuesday, March 7th. This represents a $0.16 annualized dividend and a dividend yield of 0.07%. NVIDIA’s dividend payout ratio is currently 9.20%.
Insiders Place Their Bets
In related news, Director Mark A. Stevens sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $165.09, for a total value of $9,905,400.00. Following the sale, the director now directly owns 2,250,193 shares of the company’s stock, valued at $371,484,362.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Mark A. Stevens sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $165.09, for a total value of $9,905,400.00. Following the sale, the director now directly owns 2,250,193 shares of the company’s stock, valued at $371,484,362.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 10,741 shares of the firm’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $200.00, for a total transaction of $2,148,200.00. Following the completion of the sale, the chief financial officer now directly owns 536,960 shares in the company, valued at $107,392,000. The disclosure for this sale can be found here. Insiders have sold 262,060 shares of company stock valued at $43,817,257 in the last ninety days. Insiders own 4.04% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Builder Investment Group Inc. ADV acquired a new position in NVIDIA during the fourth quarter valued at approximately $19,195,000. Garde Capital Inc. lifted its position in NVIDIA by 8.7% during the fourth quarter. Garde Capital Inc. now owns 2,980 shares of the computer hardware maker’s stock valued at $436,000 after buying an additional 238 shares in the last quarter. Bridgewealth Advisory Group LLC acquired a new position in NVIDIA during the fourth quarter valued at approximately $234,000. Chelsea Counsel Co. acquired a new position in NVIDIA during the fourth quarter valued at approximately $37,000. Finally, Tandem Wealth Advisors LLC acquired a new position in NVIDIA during the fourth quarter valued at approximately $216,000. 61.80% of the stock is owned by institutional investors and hedge funds.
About NVIDIA
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, 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.
Featured Stories
- Get a free copy of the StockNews.com research report on NVIDIA (NVDA)
- MarketBeat Week in Review – 2/20 – 2/24
- Carvana Skidding On Revenue Decrease, Heavy Debt Burden
- What Are Consumer Staples Stocks?
- Is Rocky Brands Dividend A Good Fit For Your Portfolio?
- Beyond Meat Stock Is Not Beyond Hope
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.
