Nvidia (NASDAQ:NVDA) has earned a consensus recommendation of “Hold” from the forty-two brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and twenty-four have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $221.61.
A number of brokerages have commented on NVDA. Vetr cut Nvidia from a “strong-buy” rating to a “buy” rating and set a $220.79 price objective on the stock. in a research note on Monday, December 18th. Goldman Sachs restated a “buy” rating and set a $228.00 price objective on shares of Nvidia in a research note on Friday, January 5th. B. Riley restated a “buy” rating and set a $270.00 price objective on shares of Nvidia in a research note on Monday, January 8th. BidaskClub upgraded Nvidia from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Finally, Zacks Investment Research cut Nvidia from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 15th.
In other news, Director James C. Gaither sold 40,359 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $245.67, for a total transaction of $9,914,995.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Persis Drell sold 5,141 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $220.73, for a total value of $1,134,772.93. Following the transaction, the director now directly owns 20,963 shares of the company’s stock, valued at $4,627,162.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 94,959 shares of company stock valued at $22,692,182. 5.82% of the stock is owned by corporate insiders.
Nvidia stock traded down $3.10 during midday trading on Friday, reaching $231.50. The stock had a trading volume of 12,575,892 shares, compared to its average volume of 16,671,997. Nvidia has a twelve month low of $95.80 and a twelve month high of $254.50. The stock has a market capitalization of $142,410.77, a P/E ratio of 49.57, a PEG ratio of 3.76 and a beta of 1.51. 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 (NASDAQ:NVDA) last issued its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.56. Nvidia had a return on equity of 45.02% and a net margin of 31.36%. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the firm earned $1.13 earnings per share. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. sell-side analysts predict that Nvidia will post 6.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, February 22nd. Nvidia’s dividend payout ratio is currently 12.85%.
COPYRIGHT VIOLATION NOTICE: “Nvidia (NVDA) Given Consensus Rating of “Buy” by Analysts” was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://stocknewstimes.com/2018/04/15/nvidia-nvda-given-consensus-rating-of-buy-by-analysts.html.
Nvidia Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates through 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 AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
Receive News & Ratings for Nvidia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nvidia and related companies with MarketBeat.com's FREE daily email newsletter.