FBN Securities set a $190.00 price target on NVIDIA (NASDAQ:NVDA) in a research report released on Friday, TipRanks reports. The brokerage currently has a buy rating on the computer hardware maker’s stock.
Several other analysts have also recently weighed in on the stock. Summit Redstone cut shares of NVIDIA to a hold rating in a research note on Friday, May 17th. UBS Group reduced their price objective on shares of NVIDIA from $210.00 to $195.00 and set a buy rating on the stock in a research note on Friday, May 17th. Zacks Investment Research cut shares of NVIDIA from a buy rating to a hold rating in a research note on Thursday, May 16th. Craig Hallum reissued a hold rating and issued a $170.00 price objective (up previously from $165.00) on shares of NVIDIA in a research note on Friday. Finally, Morgan Stanley reissued an equal weight rating and issued a $180.00 price objective (up previously from $170.00) on shares of NVIDIA in a research note on Friday. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have given a buy rating to the company. NVIDIA presently has an average rating of Buy and a consensus price target of $188.99.
Shares of NVIDIA stock traded up $11.22 during trading on Friday, hitting $170.78. The company’s stock had a trading volume of 20,372,333 shares, compared to its average volume of 13,197,457. The company has a debt-to-equity ratio of 0.25, a current ratio of 8.98 and a quick ratio of 7.78. NVIDIA has a 52 week low of $124.46 and a 52 week high of $292.76. The stock has a market cap of $90.60 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 3.81 and a beta of 2.07. The stock has a 50-day moving average price of $163.66 and a two-hundred day moving average price of $163.39.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be issued a dividend of $0.16 per share. The ex-dividend date is Wednesday, August 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.37%. NVIDIA’s dividend payout ratio is currently 10.54%.
In other news, CFO Colette Kress sold 2,236 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $164.01, for a total transaction of $366,726.36. Following the transaction, the chief financial officer now owns 239,710 shares in the company, valued at $39,314,837.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Persis Drell sold 2,500 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $166.80, for a total transaction of $417,000.00. Following the transaction, the director now owns 20,684 shares in the company, valued at approximately $3,450,091.20. The disclosure for this sale can be found here. Insiders have sold 104,736 shares of company stock worth $15,293,726 in the last quarter. Company insiders own 4.64% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Pacific Center for Financial Services raised its holdings in shares of NVIDIA by 143.1% in the 2nd quarter. Pacific Center for Financial Services now owns 158 shares of the computer hardware maker’s stock worth $26,000 after acquiring an additional 93 shares during the last quarter. Thor Advisors LLC purchased a new stake in NVIDIA in the 1st quarter valued at about $29,000. Harvest Group Wealth Management LLC purchased a new stake in NVIDIA in the 1st quarter valued at about $30,000. Creative Financial Designs Inc. ADV increased its stake in NVIDIA by 181.2% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 194 shares of the computer hardware maker’s stock valued at $35,000 after buying an additional 125 shares during the last quarter. Finally, Field & Main Bank purchased a new stake in NVIDIA in the 2nd quarter valued at about $33,000. Institutional investors own 66.93% of the company’s stock.
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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