Trade Report: Today, Citigroup Inc. Reiterates “$100.00” Price Target for Nvidia Corp. (NVDA)

Today, Citigroup Inc. Reiterates “$100.00” Price Target for Nvidia Corp. (NVDA)

Citigroup Inc. set a $100.00 target price on Nvidia Corp. (NASDAQ:NVDA) in a research note released on Thursday morning. The brokerage currently has a buy rating on the computer hardware maker’s stock.

A number of other brokerages also recently issued reports on NVDA. MKM Partners raised their price objective on Nvidia Corp. from $87.00 to $106.00 and gave the stock a buy rating in a research report on Tuesday, November 22nd. B. Riley restated a buy rating and set a $100.00 price objective on shares of Nvidia Corp. in a research report on Thursday, November 17th. Stifel Nicolaus restated a hold rating and set a $76.00 price objective (up from $64.00) on shares of Nvidia Corp. in a research report on Sunday, November 13th. Wells Fargo & Co. restated an underperform rating and set a $59.00 price objective (up from $33.00) on shares of Nvidia Corp. in a research report on Sunday, November 13th. Finally, Brean Capital restated a hold rating on shares of Nvidia Corp. in a research report on Sunday, November 13th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $72.50.

Nvidia Corp. (NASDAQ:NVDA) opened at 94.11 on Thursday. The firm’s 50-day moving average price is $75.70 and its 200-day moving average price is $60.35. The firm has a market cap of $50.63 billion, a P/E ratio of 48.09 and a beta of 1.17. 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 Zacks’ consensus estimate of $0.57 by $0.37. Nvidia Corp. had a return on equity of 26.82% and a net margin of 19.52%. The company earned $2 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the company earned $0.44 earnings per share. The firm’s revenue was up 53.6% compared to the same quarter last year. Equities research analysts expect that Nvidia Corp. will post $2.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, November 28th will be issued a $0.14 dividend. This is a boost from Nvidia Corp.’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Wednesday, November 23rd. Nvidia Corp.’s dividend payout ratio is presently 29.32%.

In other news, Director Tench Coxe sold 48,000 shares of the company’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $63.66, for a total value of $3,055,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jen Hsun Huang sold 43,727 shares of the company’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $62.81, for a total value of $2,746,492.87. Following the completion of the transaction, the insider now owns 1,827,279 shares of the company’s stock, valued at $114,771,393.99. The disclosure for this sale can be found here. 5.82% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. West Oak Capital LLC boosted its position in 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 worth $107,000 after buying an additional 1,010 shares during the last quarter. Brick & Kyle Associates boosted its position in 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 last quarter. Cornerstone Advisors Inc. boosted its position in Nvidia Corp. by 52.2% in the third quarter. Cornerstone Advisors Inc. now owns 1,784 shares of the computer hardware maker’s stock worth $122,000 after buying an additional 612 shares during 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. Finally, 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. Hedge funds and other institutional investors own 84.86% of the company’s stock.

Nvidia Corp. Company Profile

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