Nvidia Corp. (NASDAQ:NVDA) has been given a $100.00 price target by stock analysts at Citigroup Inc. in a report issued on Thursday. The firm currently has a “buy” rating on the computer hardware maker’s stock. Citigroup Inc.’s price objective would indicate a potential upside of 6.20% from the stock’s previous close.
Other equities analysts have also recently issued reports about the stock. B. Riley restated a “buy” rating and issued a $64.50 price target on shares of Nvidia Corp. in a research report on Wednesday, August 10th. Argus upped their price target on shares of Nvidia Corp. from $54.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, August 15th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $64.00 price target (up from $55.00) on shares of Nvidia Corp. in a research report on Thursday, August 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $72.15.
Nvidia Corp. (NASDAQ:NVDA) traded up 0.20% during midday trading on Thursday, reaching $94.16. 4,889,078 shares of the company traded hands. The stock has a market capitalization of $50.66 billion, a P/E ratio of 48.11 and a beta of 1.17. The company has a 50 day moving average of $74.93 and a 200-day moving average of $59.58. Nvidia Corp. has a 12-month low of $24.75 and a 12-month high of $95.25.
Nvidia Corp. (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, November 10th. The computer hardware maker reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.37. Nvidia Corp. had a net margin of 19.52% and a return on equity of 26.82%. The firm earned $2 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the company posted $0.44 EPS. The company’s revenue was up 53.6% on a year-over-year basis. Equities analysts anticipate that Nvidia Corp. will post $2.42 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, November 28th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Wednesday, November 23rd. This is an increase from Nvidia Corp.’s previous quarterly dividend of $0.12. Nvidia Corp.’s dividend payout ratio (DPR) is 24.08%.
In other news, Director Tench Coxe sold 85,551 shares of Nvidia Corp. stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $68.75, for a total value of $5,881,631.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director A Brooke Seawell sold 35,000 shares of Nvidia Corp. stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $87.74, for a total transaction of $3,070,900.00. Following the completion of the transaction, the director now owns 41,213 shares of the company’s stock, valued at approximately $3,616,028.62. The disclosure for this sale can be found here. Corporate insiders own 5.82% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Jennison Associates LLC increased its position in Nvidia Corp. by 568.9% in the second quarter. Jennison Associates LLC now owns 9,402,566 shares of the computer hardware maker’s stock valued at $442,015,000 after buying an additional 7,996,913 shares during the last quarter. Capital World Investors acquired a new position in Nvidia Corp. during the second quarter valued at $172,995,000. Old Mutual Global Investors UK Ltd. increased its position in Nvidia Corp. by 679.2% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,882,204 shares of the computer hardware maker’s stock valued at $128,968,000 after buying an additional 1,640,655 shares during the last quarter. Egerton Capital UK LLP increased its position in Nvidia Corp. by 51.6% in the second quarter. Egerton Capital UK LLP now owns 4,751,116 shares of the computer hardware maker’s stock valued at $223,350,000 after buying an additional 1,616,816 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Nvidia Corp. by 93.1% in the second quarter. UBS Asset Management Americas Inc. now owns 3,256,177 shares of the computer hardware maker’s stock valued at $153,075,000 after buying an additional 1,570,339 shares during the last quarter. Hedge funds and other institutional investors own 86.85% of the company’s stock.
About Nvidia Corp.