NVIDIA (NASDAQ:NVDA) Stock Rating Reaffirmed by Mizuho

Mizuho reaffirmed their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a report released on Friday, The Fly reports. Mizuho currently has a $400.00 price target on the computer hardware maker’s stock, up from their previous price target of $295.00.

Several other analysts have also weighed in on NVDA. Barclays reissued a buy rating and set a $300.00 price objective on shares of NVIDIA in a report on Friday, February 14th. Zacks Investment Research lowered NVIDIA from a buy rating to a hold rating and set a $297.00 price target on the stock. in a research note on Monday, May 4th. Nomura Securities reaffirmed a sell rating and issued a $230.00 price target on shares of NVIDIA in a research note on Wednesday, March 4th. Citigroup boosted their price target on NVIDIA from $315.00 to $392.00 and gave the company a buy rating in a research note on Friday. Finally, Cascend Securities boosted their price target on NVIDIA from $330.00 to $350.00 and gave the company a buy rating in a research note on Thursday, May 14th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $340.68.

Shares of NASDAQ:NVDA traded up $10.04 during trading on Friday, hitting $361.05. 25,601,366 shares of the stock were exchanged, compared to its average volume of 12,644,931. NVIDIA has a 1-year low of $132.60 and a 1-year high of $363.72. The company has a market capitalization of $215.92 billion, a price-to-earnings ratio of 67.49, a price-to-earnings-growth ratio of 3.68 and a beta of 1.33. The company’s fifty day simple moving average is $292.70 and its 200-day simple moving average is $252.32. The company has a debt-to-equity ratio of 0.21, a quick ratio of 7.13 and a current ratio of 7.67.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.44. NVIDIA had a return on equity of 29.76% and a net margin of 28.17%. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the firm earned $0.88 EPS. NVIDIA’s revenue for the quarter was up 38.7% compared to the same quarter last year. On average, research analysts forecast that NVIDIA will post 6.29 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.18%. NVIDIA’s dividend payout ratio is presently 13.94%.

In related news, Director Mark A. Stevens sold 60,000 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $261.63, for a total value of $15,697,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James C. Gaither sold 15,669 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $269.41, for a total value of $4,221,385.29. Following the completion of the sale, the director now 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 sold 105,669 shares of company stock valued at $27,025,985 in the last quarter. 4.64% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in NVIDIA by 6.1% in the first quarter. BlackRock Inc. now owns 42,753,245 shares of the computer hardware maker’s stock valued at $11,269,755,000 after acquiring an additional 2,439,025 shares during the period. State Street Corp grew its stake in NVIDIA by 1.4% in the fourth quarter. State Street Corp now owns 24,989,675 shares of the computer hardware maker’s stock valued at $5,880,071,000 after acquiring an additional 342,849 shares during the period. Geode Capital Management LLC grew its stake in NVIDIA by 8.6% in the first quarter. Geode Capital Management LLC now owns 9,400,154 shares of the computer hardware maker’s stock valued at $2,473,368,000 after acquiring an additional 743,155 shares during the period. Jennison Associates LLC grew its stake in NVIDIA by 6.1% in the first quarter. Jennison Associates LLC now owns 8,756,756 shares of the computer hardware maker’s stock valued at $2,308,281,000 after acquiring an additional 505,125 shares during the period. Finally, Baillie Gifford & Co. grew its stake in NVIDIA by 2.8% in the fourth quarter. Baillie Gifford & Co. now owns 7,711,347 shares of the computer hardware maker’s stock valued at $1,814,480,000 after acquiring an additional 210,550 shares during the period. 66.68% of the stock is owned by hedge funds and other institutional investors.

About NVIDIA

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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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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