NVIDIA (NASDAQ:NVDA) had its price objective increased by Cowen from $325.00 to $410.00 in a report issued on Friday morning, The Fly reports. They currently have an outperform rating on the computer hardware maker’s stock.
A number of other analysts also recently weighed in on the stock. Goldman Sachs Group restated a buy rating on shares of NVIDIA in a report on Tuesday, February 18th. Oppenheimer started coverage on shares of NVIDIA in a report on Friday, May 15th. They issued a buy rating and a $350.00 target price on the stock. Morgan Stanley boosted their target price on shares of NVIDIA from $268.00 to $282.00 and gave the stock an overweight rating in a report on Tuesday, April 28th. BidaskClub upgraded shares of NVIDIA from a buy rating to a strong-buy rating in a report on Wednesday, April 1st. Finally, Barclays reiterated a buy rating and set a $300.00 price target on shares of NVIDIA in a report on Friday, February 14th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $340.68.
NVDA stock traded up $10.04 during mid-day trading on Friday, hitting $361.05. The company had a trading volume of 25,601,366 shares, compared to its average volume of 12,644,931. The company has a market capitalization of $215.92 billion, a price-to-earnings ratio of 67.49, a P/E/G ratio of 3.68 and a beta of 1.33. NVIDIA has a 12-month low of $132.60 and a 12-month high of $363.72. The company has a quick ratio of 7.13, a current ratio of 7.67 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $292.70 and a 200 day moving average price of $252.32.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.18%. NVIDIA’s payout ratio is presently 13.94%.
In related news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $266.02, for a total transaction of $2,660,200.00. Following the completion of the sale, the director now owns 160,545 shares of the company’s stock, valued at $42,708,180.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James C. Gaither sold 15,669 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $269.41, for a total transaction of $4,221,385.29. Following the sale, the director now directly owns 2,221 shares of the company’s stock, valued at approximately $598,359.61. The disclosure for this sale can be found here. Insiders have sold 105,669 shares of company stock valued at $27,025,985 in the last three months. 4.64% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of NVDA. Accurate Investment Solutions Inc. lifted its position in NVIDIA by 111.1% during the first quarter. Accurate Investment Solutions Inc. now owns 95 shares of the computer hardware maker’s stock valued at $25,000 after acquiring an additional 50 shares during the last quarter. PrairieView Partners LLC acquired a new position in NVIDIA during the 1st quarter valued at approximately $26,000. Howard Wealth Management LLC acquired a new position in NVIDIA during the 4th quarter valued at approximately $28,000. Stonebridge Financial Planning Group LLC acquired a new position in NVIDIA during the 4th quarter valued at approximately $28,000. Finally, Archer Investment Corp acquired a new position in NVIDIA during the 4th quarter valued at approximately $29,000. 66.68% of the stock is owned by institutional investors.
NVIDIA Company Profile
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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.
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