NVIDIA (NVDA) Price Target Raised to $230.00
NVIDIA (NASDAQ:NVDA) had its price target boosted by Deutsche Bank from $205.00 to $230.00 in a research report sent to investors on Friday. The brokerage currently has a hold rating on the computer hardware maker’s stock.
Several other equities analysts also recently commented on NVDA. Stifel Nicolaus upped their target price on NVIDIA from $184.00 to $220.00 and gave the company a hold rating in a research report on Friday. They noted that the move was a valuation call. Bank of America reaffirmed a buy rating and issued a $300.00 target price (up previously from $275.00) on shares of NVIDIA in a research report on Friday. Mizuho reaffirmed a buy rating and issued a $265.00 target price (up previously from $240.00) on shares of NVIDIA in a research report on Friday. BidaskClub downgraded NVIDIA from a strong-buy rating to a buy rating in a research report on Monday, February 5th. Finally, Citigroup upped their target price on NVIDIA from $240.00 to $270.00 and gave the company a buy rating in a research report on Friday. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. NVIDIA presently has a consensus rating of Buy and a consensus target price of $210.67.
NVIDIA (NVDA) opened at $228.03 on Friday. NVIDIA has a 12-month low of $95.17 and a 12-month high of $249.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34. The company has a market capitalization of $138,190.00, a P/E ratio of 47.21, a PEG ratio of 4.83 and a beta of 1.43.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, February 22nd. NVIDIA’s payout ratio is 12.42%.
In other news, Director Persis Drell sold 606 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the completion of the transaction, the director now directly owns 26,104 shares in the company, valued at approximately $5,144,315.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A Brooke Seawell sold 1,029 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $214.10, for a total value of $220,308.90. Following the completion of the sale, the director now owns 1,029 shares of the company’s stock, valued at $220,308.90. The disclosure for this sale can be found here. Insiders sold a total of 4,858 shares of company stock valued at $1,025,784 over the last quarter. 5.17% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Welch Investments LLC acquired a new stake in NVIDIA in the third quarter valued at $104,000. Country Trust Bank increased its holdings in NVIDIA by 490.0% in the fourth quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after purchasing an additional 490 shares during the period. Global Trust Asset Management LLC acquired a new stake in NVIDIA in the fourth quarter valued at $116,000. North Star Investment Management Corp. increased its holdings in NVIDIA by 67.3% in the fourth quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after purchasing an additional 255 shares during the period. Finally, Crewe Advisors LLC acquired a new stake in NVIDIA in the fourth quarter valued at $148,000. Institutional investors and hedge funds own 62.70% of the company’s stock.
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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.
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