NVIDIA Co. (NVDA) Receives $217.65 Average Target Price from Analysts

NVIDIA Co. (NASDAQ:NVDA) has been assigned an average rating of “Buy” from the forty-two research firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $220.74.

Several equities analysts have issued reports on the company. Vetr downgraded NVIDIA from a “strong-buy” rating to a “buy” rating and set a $275.09 price objective for the company. in a research report on Monday, March 12th. Royal Bank of Canada restated an “outperform” rating and set a $285.00 target price (up previously from $280.00) on shares of NVIDIA in a research report on Wednesday, March 14th. BidaskClub upgraded NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 16th. Argus lifted their price objective on NVIDIA from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday. They noted that the move was a valuation call. Finally, Goldman Sachs cut NVIDIA from a “conviction-buy” rating to a “buy” rating and set a $281.00 price objective for the company. in a research note on Thursday, February 1st.

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Shares of NVDA stock traded up $7.22 during trading hours on Wednesday, hitting $240.19. The stock had a trading volume of 9,480,699 shares, compared to its average volume of 15,920,548. NVIDIA has a one year low of $95.49 and a one year high of $254.50. The firm has a market cap of $140,946.84, a price-to-earnings ratio of 49.83, a PEG ratio of 3.65 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.56. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the firm earned $1.13 EPS. NVIDIA’s revenue for the quarter was up 34.0% compared to the same quarter last year. equities research analysts anticipate that NVIDIA will post 6.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 23rd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Thursday, February 22nd. NVIDIA’s dividend payout ratio is presently 12.45%.

In other news, Director Mark L. Perry sold 17,307 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $227.93, for a total value of $3,944,784.51. Following the completion of the transaction, the director now directly owns 30,762 shares in the company, valued at approximately $7,011,582.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James C. Gaither sold 40,359 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $245.67, for a total value of $9,914,995.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,769 shares of company stock worth $13,883,276. Company insiders own 5.17% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Chemical Bank raised its position in shares of NVIDIA by 12.7% in the 4th quarter. Chemical Bank now owns 4,868 shares of the computer hardware maker’s stock worth $941,000 after acquiring an additional 550 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of NVIDIA by 12.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 115,631 shares of the computer hardware maker’s stock worth $22,375,000 after acquiring an additional 12,443 shares in the last quarter. Certified Advisory Corp bought a new position in shares of NVIDIA in the 4th quarter worth about $241,000. Xact Kapitalforvaltning AB raised its position in shares of NVIDIA by 7.6% in the 4th quarter. Xact Kapitalforvaltning AB now owns 111,217 shares of the computer hardware maker’s stock worth $21,520,000 after acquiring an additional 7,854 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of NVIDIA by 4.5% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 419,071 shares of the computer hardware maker’s stock valued at $81,090,000 after buying an additional 18,151 shares during the period. 66.94% of the stock is owned by institutional investors and hedge funds.

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NVIDIA Company Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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