BidaskClub lowered shares of NVIDIA Corporation (NASDAQ:NVDA) from a strong-buy rating to a buy rating in a research note released on Saturday morning.
A number of other equities research analysts have also recently commented on NVDA. Royal Bank Of Canada reissued a buy rating and issued a $130.00 price objective on shares of NVIDIA Corporation in a research note on Tuesday, May 2nd. Vetr raised shares of NVIDIA Corporation from a buy rating to a strong-buy rating and set a $117.19 price objective on the stock in a research note on Thursday, May 4th. Instinet reissued a reduce rating and issued a $90.00 price objective on shares of NVIDIA Corporation in a research note on Friday, May 5th. B. Riley reissued a buy rating and issued a $135.00 price objective on shares of NVIDIA Corporation in a research note on Monday, May 8th. Finally, Pacific Crest reissued an underweight rating and issued a $90.00 price objective on shares of NVIDIA Corporation in a research note on Monday, May 8th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. NVIDIA Corporation has a consensus rating of Hold and a consensus target price of $145.00.
NVIDIA Corporation (NASDAQ:NVDA) opened at 162.55 on Friday. The stock has a 50 day moving average of $161.98 and a 200 day moving average of $129.94. NVIDIA Corporation has a 1-year low of $57.31 and a 1-year high of $174.56. The stock has a market capitalization of $97.04 billion, a P/E ratio of 46.75 and a beta of 1.24.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The firm’s revenue was up 56.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. On average, analysts expect that NVIDIA Corporation will post $3.60 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This piece was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://stocknewstimes.com/2017/08/23/nvidia-corporation-nvda-downgraded-to-buy-at-bidaskclub.html.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Thursday, August 24th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is presently 15.86%.
In other NVIDIA Corporation news, EVP Debora Shoquist sold 63,717 shares of NVIDIA Corporation stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $144.81, for a total value of $9,226,858.77. Following the completion of the transaction, the executive vice president now owns 330,040 shares of the company’s stock, valued at $47,793,092.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction on Friday, June 9th. The stock was sold at an average price of $164.53, for a total transaction of $8,226,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 475,518 shares of company stock valued at $73,752,579. 5.17% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. RB Capital Management LLC acquired a new position in NVIDIA Corporation during the second quarter worth approximately $272,000. D. Scott Neal Inc. acquired a new position in NVIDIA Corporation during the second quarter worth approximately $258,000. Greenwich Wealth Management LLC increased its position in NVIDIA Corporation by 0.6% in the first quarter. Greenwich Wealth Management LLC now owns 55,437 shares of the computer hardware maker’s stock worth $6,039,000 after buying an additional 357 shares in the last quarter. Columbus Circle Investors acquired a new position in NVIDIA Corporation during the first quarter worth approximately $8,530,000. Finally, Ameriprise Financial Inc. increased its position in NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock worth $572,695,000 after buying an additional 1,672,231 shares in the last quarter. 68.55% of the stock is owned by hedge funds and other institutional investors.
About NVIDIA Corporation
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at 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.
Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
