Today: Nvidia Corp. (NVDA) Given Average Recommendation of “Buy” from Analysts

Today: Nvidia Corp. (NVDA) Given Average Recommendation of “Buy” from Analysts

Nvidia Corp. (NASDAQ:NVDA) has received an average recommendation of “Buy” from the thirty-seven research firms that are currently covering the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $74.63.

NVDA has been the subject of a number of recent analyst reports. Needham & Company LLC upgraded shares of Nvidia Corp. from a “hold” rating to a “buy” rating and raised their price objective for the company from $87.97 to $100.00 in a research report on Monday, November 14th. Citigroup Inc. set a $100.00 price target on shares of Nvidia Corp. and gave the company a “buy” rating in a research report on Thursday. Jefferies Group reiterated a “buy” rating and set a $80.00 price target on shares of Nvidia Corp. in a research report on Monday, October 24th. Zacks Investment Research upgraded shares of Nvidia Corp. from a “hold” rating to a “strong-buy” rating and set a $78.00 price target for the company in a research report on Monday, November 7th. Finally, Pacific Crest reiterated a “hold” rating on shares of Nvidia Corp. in a research report on Friday, August 5th.

In other Nvidia Corp. news, Director A Brooke Seawell sold 35,000 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $87.74, for a total value of $3,070,900.00. Following the completion of the transaction, the director now owns 41,213 shares in the company, valued at approximately $3,616,028.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction 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 approximately $114,771,393.99. The disclosure for this sale can be found here. 5.82% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Columbus Circle Investors boosted its position in Nvidia Corp. by 22.2% in the second quarter. Columbus Circle Investors now owns 1,087,665 shares of the computer hardware maker’s stock valued at $51,131,000 after buying an additional 197,299 shares during the period. Trinity Street Asset Management LLP boosted its position in Nvidia Corp. by 154.6% in the second quarter. Trinity Street Asset Management LLP now owns 563,363 shares of the computer hardware maker’s stock valued at $26,483,000 after buying an additional 342,092 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Nvidia Corp. by 36.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 155,034 shares of the computer hardware maker’s stock valued at $10,623,000 after buying an additional 41,450 shares during the period. Exxonmobil Investment Management Inc. TX boosted its position in Nvidia Corp. by 4.0% in the third quarter. Exxonmobil Investment Management Inc. TX now owns 136,605 shares of the computer hardware maker’s stock valued at $9,360,000 after buying an additional 5,290 shares during the period. Finally, AGF Investments Inc. bought a new position in Nvidia Corp. during the second quarter valued at about $49,132,000. Hedge funds and other institutional investors own 84.86% of the company’s stock.

Nvidia Corp. (NASDAQ:NVDA) traded down 0.14% during midday trading on Monday, hitting $94.03. The stock had a trading volume of 3,366,676 shares. The stock has a 50-day moving average price of $74.93 and a 200 day moving average price of $59.58. Nvidia Corp. has a 12-month low of $24.75 and a 12-month high of $95.25. The firm has a market cap of $50.59 billion, a P/E ratio of 48.05 and a beta of 1.17.

Nvidia Corp. (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, November 10th. The computer hardware maker reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.37. The firm earned $2 billion during the quarter, compared to the consensus estimate of $1.69 billion. Nvidia Corp. had a net margin of 19.52% and a return on equity of 26.82%. The firm’s revenue was up 53.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. On average, equities analysts anticipate that Nvidia Corp. will post $2.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Monday, November 28th will be given a $0.14 dividend. This is a boost from Nvidia Corp.’s previous quarterly dividend of $0.12. The ex-dividend date is Wednesday, November 23rd. This represents a $0.56 annualized dividend and a yield of 0.59%. Nvidia Corp.’s dividend payout ratio is 29.32%.

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