NVIDIA (NASDAQ:NVDA) had its price target trimmed by UBS Group from $210.00 to $195.00 in a research note released on Friday, The Fly reports. The brokerage currently has a buy rating on the computer hardware maker’s stock.
Other equities research analysts have also issued reports about the stock. BidaskClub raised shares of NVIDIA from a hold rating to a buy rating in a report on Friday, March 22nd. Nomura initiated coverage on shares of NVIDIA in a report on Tuesday, April 2nd. They issued a neutral rating and a $147.00 price target on the stock. Stifel Nicolaus lowered their target price on shares of NVIDIA from $150.00 to $145.00 and set a hold rating on the stock in a research note on Tuesday. Wells Fargo & Co increased their target price on shares of NVIDIA from $170.00 to $190.00 and gave the stock a positive rating in a research note on Tuesday, March 19th. Finally, Royal Bank of Canada increased their target price on shares of NVIDIA to $200.00 and gave the stock an outperform rating in a research note on Monday, May 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-five have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $198.93.
NASDAQ:NVDA traded down $3.66 during mid-day trading on Friday, hitting $156.53. The company’s stock had a trading volume of 25,445,484 shares, compared to its average volume of 11,556,639. NVIDIA has a 1 year low of $124.46 and a 1 year high of $292.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.76 and a current ratio of 7.94. The firm has a market cap of $97.47 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 3.93 and a beta of 1.85.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 EPS for the quarter, beating the consensus estimate of $0.81 by $0.07. NVIDIA had a net margin of 30.68% and a return on equity of 31.69%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the company earned $2.05 earnings per share. The firm’s revenue was down 30.8% on a year-over-year basis. As a group, equities research analysts predict that NVIDIA will post 4.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 31st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.41%. NVIDIA’s dividend payout ratio (DPR) is presently 10.54%.
In related news, EVP Debora Shoquist sold 5,823 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the completion of the transaction, the executive vice president now owns 171,783 shares in the company, valued at approximately $31,779,855. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $2,583,486.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,029 shares of company stock valued at $3,678,385. Insiders own 4.64% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in NVIDIA by 1.8% in the 1st quarter. FMR LLC now owns 49,860,097 shares of the computer hardware maker’s stock valued at $8,952,880,000 after acquiring an additional 858,116 shares during the last quarter. Vanguard Group Inc raised its holdings in NVIDIA by 4.0% in the 3rd quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after acquiring an additional 1,693,736 shares during the last quarter. BlackRock Inc. raised its holdings in NVIDIA by 1.0% in the 4th quarter. BlackRock Inc. now owns 39,307,194 shares of the computer hardware maker’s stock valued at $5,247,509,000 after acquiring an additional 378,149 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in NVIDIA by 8,687.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,509,787 shares of the computer hardware maker’s stock valued at $161,000 after acquiring an additional 21,265,009 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in NVIDIA by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 8,129,007 shares of the computer hardware maker’s stock valued at $1,083,400,000 after acquiring an additional 266,779 shares during the last quarter. Institutional investors own 70.03% of the company’s stock.
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.
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