Vetr downgraded shares of NVIDIA (NASDAQ:NVDA) from a strong-buy rating to a buy rating in a report published on Tuesday. They currently have $277.06 price target on the computer hardware maker’s stock.
NVDA has been the subject of several other research reports. Goldman Sachs downgraded shares of NVIDIA from a conviction-buy rating to a buy rating and set a $281.00 price objective for the company. in a research report on Thursday, February 1st. B. Riley boosted their price objective on shares of NVIDIA from $270.00 to $290.00 and gave the stock a buy rating in a research report on Friday, February 9th. BidaskClub downgraded shares of NVIDIA from a strong-buy rating to a buy rating in a research report on Monday, February 5th. Mizuho restated a buy rating and set a $240.00 price objective (up previously from $225.00) on shares of NVIDIA in a research report on Tuesday, January 16th. Finally, SunTrust Banks restated a buy rating and set a $305.00 price objective (up previously from $253.00) on shares of NVIDIA in a research report on Friday, February 9th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. NVIDIA has an average rating of Buy and a consensus price target of $215.27.
NVIDIA (NVDA) opened at $241.85 on Tuesday. The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27. NVIDIA has a twelve month low of $95.49 and a twelve month high of $254.50. The company has a market cap of $150,378.80, a P/E ratio of 50.18, a price-to-earnings-growth ratio of 3.90 and a beta of 1.43.
The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. NVIDIA’s dividend payout ratio (DPR) is presently 12.45%.
In other news, Director James C. Gaither sold 40,359 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $245.67, for a total transaction of $9,914,995.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark L. Perry sold 17,307 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $227.93, for a total transaction of $3,944,784.51. Following the transaction, the director now directly owns 30,762 shares in the company, valued at $7,011,582.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,769 shares of company stock worth $13,883,276. Corporate insiders own 5.82% of the company’s stock.
Several large investors have recently bought and sold shares of NVDA. Country Trust Bank grew its stake in NVIDIA by 490.0% in the 4th quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after acquiring an additional 490 shares during the last quarter. Global Trust Asset Management LLC acquired a new stake in NVIDIA in the 4th quarter valued at about $116,000. Clearbridge Investments LLC grew its stake in NVIDIA by 100.0% in the 4th quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker’s stock valued at $116,000 after acquiring an additional 300 shares during the last quarter. North Star Investment Management Corp. grew its stake in NVIDIA by 67.3% in the 4th quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after acquiring an additional 255 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new stake in NVIDIA in the 4th quarter valued at about $148,000. 66.92% of the stock is currently owned by institutional investors and hedge funds.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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