Nvidia Corp. (NASDAQ:NVDA)‘s stock had its “outperform” rating reiterated by analysts at RBC Capital Markets in a report released on Tuesday. They presently have a $80.00 price target on the computer hardware maker’s stock, up from their previous price target of $72.00. RBC Capital Markets’ price target would suggest a potential downside of 15.04% from the stock’s current price.
NVDA has been the topic of several other research reports. B. Riley reaffirmed a “buy” rating and set a $64.50 price objective on shares of Nvidia Corp. in a report on Wednesday, August 10th. Vetr lowered Nvidia Corp. from a “sell” rating to a “strong sell” rating and set a $49.47 price target on the stock. in a report on Monday, July 25th. Zacks Investment Research lowered Nvidia Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 19th. Argus raised their price target on Nvidia Corp. from $54.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, August 15th. Finally, Jefferies Group reissued a “buy” rating and set a $80.00 price target on shares of Nvidia Corp. in a report on Monday, October 24th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $72.15.
Nvidia Corp. (NASDAQ:NVDA) traded up 0.20% during midday trading on Tuesday, reaching $94.16. The company’s stock had a trading volume of 4,889,078 shares. The firm has a market capitalization of $50.66 billion, a P/E ratio of 48.11 and a beta of 1.17. The company’s 50-day moving average is $74.93 and its 200 day moving average is $59.58. Nvidia Corp. has a 52 week low of $24.75 and a 52 week high of $95.25.
Nvidia Corp. (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 10th. The computer hardware maker reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.37. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.69 billion. Nvidia Corp. had a return on equity of 26.82% and a net margin of 19.52%. The business’s quarterly revenue was up 53.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 earnings per share. Analysts expect that Nvidia Corp. will post $2.42 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, November 28th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This is a boost from Nvidia Corp.’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.59%. Nvidia Corp.’s payout ratio is currently 24.08%.
In other news, Director A Brooke Seawell sold 30,000 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $62.52, for a total transaction of $1,875,600.00. Following the completion of the sale, the director now directly owns 6,213 shares of the company’s stock, valued at approximately $388,436.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Byron sold 409 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $63.35, for a total transaction of $25,910.15. The disclosure for this sale can be found here. Insiders own 5.82% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. West Oak Capital LLC boosted its stake in shares of Nvidia Corp. by 183.6% in the third quarter. West Oak Capital LLC now owns 1,560 shares of the computer hardware maker’s stock valued at $107,000 after buying an additional 1,010 shares in the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of Nvidia Corp. by 52.2% in the third quarter. Cornerstone Advisors Inc. now owns 1,784 shares of the computer hardware maker’s stock valued at $122,000 after buying an additional 612 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of Nvidia Corp. by 10.2% in the third quarter. Stephens Inc. AR now owns 1,926 shares of the computer hardware maker’s stock valued at $132,000 after buying an additional 179 shares in the last quarter. Advisors Preferred LLC boosted its stake in shares of Nvidia Corp. by 791.9% in the third quarter. Advisors Preferred LLC now owns 2,310 shares of the computer hardware maker’s stock valued at $158,000 after buying an additional 2,051 shares in the last quarter. Finally, Brick & Kyle Associates boosted its stake in shares of Nvidia Corp. by 25.1% in the second quarter. Brick & Kyle Associates now owns 2,502 shares of the computer hardware maker’s stock worth $118,000 after buying an additional 502 shares during the period. 86.85% of the stock is owned by institutional investors.
Nvidia Corp. Company Profile