Other research analysts also recently issued reports about the company. Wells Fargo & Co upped their price target on NVIDIA from $170.00 to $190.00 and gave the company a positive rating in a report on Tuesday, March 19th. Royal Bank of Canada lowered their price target on NVIDIA from $230.00 to $200.00 and set an outperform rating on the stock in a report on Thursday, December 27th. Morgan Stanley downgraded NVIDIA from an overweight rating to an equal weight rating and lowered their price target for the company from $220.00 to $148.00 in a report on Tuesday, January 29th. BMO Capital Markets lowered their price target on NVIDIA to $130.00 and set a market perform rating on the stock in a report on Tuesday, January 29th. Finally, Sanford C. Bernstein downgraded NVIDIA from an outperform rating to a market perform rating and lowered their target price for the company from $250.00 to $175.00 in a report on Monday, February 11th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $207.24.
Shares of NASDAQ:NVDA opened at $177.50 on Wednesday. The firm has a market cap of $107.57 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 4.26 and a beta of 1.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.76 and a current ratio of 7.94. NVIDIA has a 1 year low of $124.46 and a 1 year high of $292.76.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.27. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The company’s quarterly revenue was down 24.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.72 earnings per share. On average, research analysts predict that NVIDIA will post 4.49 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Thursday, February 28th. NVIDIA’s payout ratio is 10.54%.
In other NVIDIA news, CFO Colette Kress sold 14,092 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $183.33, for a total value of $2,583,486.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Debora Shoquist sold 6,345 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total value of $858,668.85. Following the completion of the sale, the executive vice president now owns 177,911 shares of the company’s stock, valued at approximately $24,076,695.63. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,551 shares of company stock valued at $3,459,799. Company insiders own 4.70% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. TD Capital Management LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $27,000. Capital Financial Planning LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $28,000. Clarfeld Financial Advisors LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $29,000. Trust Department MB Financial Bank N A purchased a new stake in shares of NVIDIA during the fourth quarter worth about $31,000. Finally, Nalls Sherbakoff Group LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 69.09% of the company’s stock.
NVIDIA Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
Further Reading: Percentage Decliners
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