A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Wells Fargo & Co upped their price objective on shares of NVIDIA from $170.00 to $190.00 and gave the stock a “positive” rating in a research report on Tuesday, March 19th. Royal Bank of Canada decreased their price objective on shares of NVIDIA from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, December 27th. Morgan Stanley downgraded shares of NVIDIA from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $220.00 to $148.00 in a research report on Tuesday, January 29th. Finally, BMO Capital Markets decreased their price objective on shares of NVIDIA to $130.00 and set a “market perform” rating for the company in a research report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $207.03.
The company has a current ratio of 7.94, a quick ratio of 6.76 and a debt-to-equity ratio of 0.21. The firm has a market cap of $108.81 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 4.33 and a beta of 1.90.
NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.27. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. NVIDIA had a net margin of 35.35% and a return on equity of 41.78%. NVIDIA’s revenue was down 24.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.72 EPS. On average, research analysts expect that NVIDIA Co. will post 4.46 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were issued a $0.16 dividend. The ex-dividend date was Thursday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.35%. NVIDIA’s payout ratio is 10.54%.
In other news, EVP Debora Shoquist sold 6,345 shares of the company’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $135.33, for a total value of $858,668.85. Following the transaction, the executive vice president now directly owns 177,911 shares in the company, valued at approximately $24,076,695.63. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 14,092 shares of the company’s stock in a transaction that occurred on 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. Insiders sold a total of 20,551 shares of company stock worth $3,459,799 over the last quarter. 4.70% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of NVDA. Oregon Public Employees Retirement Fund lifted its holdings in shares of 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 worth $161,000 after acquiring an additional 21,265,009 shares during the last quarter. Norges Bank acquired a new stake in NVIDIA during the 4th quarter worth approximately $737,230,000. Parnassus Investments CA acquired a new stake in NVIDIA during the 4th quarter worth approximately $394,670,000. Vanguard Group Inc lifted its holdings in NVIDIA by 4.0% during the 3rd quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after buying an additional 1,693,736 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in NVIDIA by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after buying an additional 1,693,736 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.
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NVIDIA Company Profile (NASDAQ:NVDA)
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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