Global Equities Research Reaffirms “Overweight” Rating for NVIDIA Co. (NVDA)

NVIDIA Co. (NASDAQ:NVDA)‘s stock had its “overweight” rating restated by equities researchers at Global Equities Research in a report released on Monday. They currently have a $125.00 price objective on the computer hardware maker’s stock. Global Equities Research’s target price would indicate a potential upside of 17.85% from the company’s current price.

Several other brokerages have also commented on NVDA. Barclays PLC reiterated a “hold” rating and set a $90.00 price objective on shares of NVIDIA in a research report on Tuesday, February 7th. Deutsche Bank AG reiterated a “hold” rating and set a $75.00 price objective on shares of NVIDIA in a research report on Wednesday, February 8th. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price objective on shares of NVIDIA in a research report on Thursday, February 9th. Argus increased their price objective on NVIDIA from $95.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 28th. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating on shares of NVIDIA in a research report on Tuesday, February 7th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company’s stock. NVIDIA has an average rating of “Hold” and an average target price of $100.69.

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

NVIDIA (NASDAQ:NVDA) traded up 2.84% during trading on Monday, hitting $109.08. The company had a trading volume of 798,968 shares. NVIDIA has a 1-year low of $33.00 and a 1-year high of $120.92. The stock has a market capitalization of $64.25 billion, a price-to-earnings ratio of 42.44 and a beta of 1.31. The company’s 50 day moving average price is $106.83 and its 200-day moving average price is $88.72.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, February 9th. The computer hardware maker reported $1.13 EPS for the quarter, beating the consensus estimate of $0.83 by $0.30. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.10 billion. NVIDIA had a return on equity of 34.13% and a net margin of 23.82%. The company’s revenue was up 54.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS. On average, analysts expect that NVIDIA will post $2.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 17th. Shareholders of record on Friday, February 24th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Wednesday, February 22nd. NVIDIA’s payout ratio is 21.96%.

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In other NVIDIA news, insider Michael Byron sold 750 shares of NVIDIA stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $102.09, for a total value of $76,567.50. Following the completion of the sale, the insider now owns 159,442 shares of the company’s stock, valued at approximately $16,277,433.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jen Hsun Huang sold 41,670 shares of NVIDIA stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $98.30, for a total value of $4,096,161.00. Following the completion of the sale, the insider now directly owns 1,811,456 shares of the company’s stock, valued at approximately $178,066,124.80. The disclosure for this sale can be found here. In the last three months, insiders sold 195,017 shares of company stock valued at $21,081,014. Corporate insiders own 5.82% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Wetherby Asset Management Inc. raised its stake in NVIDIA by 0.5% in the fourth quarter. Wetherby Asset Management Inc. now owns 7,483 shares of the computer hardware maker’s stock worth $799,000 after buying an additional 38 shares during the last quarter. IFC Holdings Incorporated FL raised its stake in NVIDIA by 0.9% in the third quarter. IFC Holdings Incorporated FL now owns 8,719 shares of the computer hardware maker’s stock worth $596,000 after buying an additional 80 shares during the last quarter. Capital Guardian Trust Co. raised its stake in NVIDIA by 0.9% in the fourth quarter. Capital Guardian Trust Co. now owns 8,743 shares of the computer hardware maker’s stock worth $933,000 after buying an additional 82 shares during the last quarter. Cadence Bank NA raised its stake in NVIDIA by 1.2% in the fourth quarter. Cadence Bank NA now owns 9,233 shares of the computer hardware maker’s stock worth $985,000 after buying an additional 107 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its stake in NVIDIA by 2.4% in the third quarter. Koshinski Asset Management Inc. now owns 5,234 shares of the computer hardware maker’s stock worth $359,000 after buying an additional 122 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

NVIDIA Company Profile

NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.

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