NVIDIA (NASDAQ:NVDA) had its price objective hoisted by Needham & Company LLC to $300.00 in a report released on Friday morning, The Fly reports.

Several other research firms have also commented on NVDA. Oppenheimer reissued a hold rating on shares of NVIDIA in a research note on Sunday, November 5th. Bank of America reissued a buy rating and set a $275.00 target price (up from $251.00) on shares of NVIDIA in a research note on Friday, January 19th. B. Riley reissued a buy rating and set a $270.00 target price on shares of NVIDIA in a research note on Monday, January 8th. Jefferies Group increased their target price on shares of NVIDIA from $230.00 to $240.00 and gave the company a buy rating in a research note on Friday, November 10th. Finally, Barclays increased their target price on shares of NVIDIA from $200.00 to $225.00 and gave the company an equal weight rating in a research note on Friday, November 10th. Four 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. The company has a consensus rating of Buy and a consensus target price of $210.67.

NVIDIA (NASDAQ NVDA) opened at $232.08 on Friday. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. The stock has a market cap of $140,640.00, a P/E ratio of 48.05, a PEG ratio of 4.83 and a beta of 1.43. NVIDIA has a 1-year low of $95.17 and a 1-year high of $249.27.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.56. NVIDIA had a net margin of 31.36% and a return on equity of 47.44%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period last year, the firm posted $1.13 earnings per share. The business’s revenue was up 34.0% on a year-over-year basis. analysts anticipate that NVIDIA will post 4.68 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be given a $0.15 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. NVIDIA’s payout ratio is 12.42%.

In other NVIDIA news, Director Persis Drell sold 606 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total value of $119,424.42. Following the completion of the sale, the director now owns 26,104 shares in the company, valued at approximately $5,144,315.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 171 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $185.57, for a total transaction of $31,732.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,858 shares of company stock valued at $1,025,784. Insiders own 5.82% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc lifted its position in NVIDIA by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 2,867,090 shares of the computer hardware maker’s stock worth $512,549,000 after buying an additional 78,943 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in NVIDIA by 2.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 2,265,682 shares of the computer hardware maker’s stock worth $438,409,000 after buying an additional 45,162 shares in the last quarter. Swiss National Bank lifted its position in NVIDIA by 0.9% in the 4th quarter. Swiss National Bank now owns 2,213,385 shares of the computer hardware maker’s stock worth $428,290,000 after buying an additional 19,900 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in NVIDIA by 4.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,027,499 shares of the computer hardware maker’s stock worth $392,322,000 after buying an additional 95,004 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in NVIDIA by 12.0% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,970,888 shares of the computer hardware maker’s stock worth $352,336,000 after buying an additional 211,411 shares in the last quarter. Institutional investors own 62.84% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Needham & Company LLC Raises NVIDIA (NVDA) Price Target to $300.00” was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://theolympiareport.com/2018/02/12/needham-company-llc-raises-nvidia-nvda-price-target-to-300-00.html.

NVIDIA Company Profile

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.

The Fly

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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.