NVIDIA (NASDAQ:NVDA) had its price target lifted by Jefferies Group from $15.50 to $300.00 in a research report sent to investors on Friday morning, The Fly reports. They currently have a buy rating on the computer hardware maker’s stock.

Several other equities research analysts have also issued reports on the stock. Citigroup lifted their price target on shares of NVIDIA from $240.00 to $270.00 and gave the company a buy rating in a report on Friday. Susquehanna Bancshares reaffirmed a neutral rating and set a $200.00 price target (up from $185.00) on shares of NVIDIA in a report on Thursday, February 8th. BidaskClub lowered shares of NVIDIA from a strong-buy rating to a buy rating in a report on Monday, February 5th. Vetr raised shares of NVIDIA from a hold rating to a buy rating and set a $246.84 price target on the stock in a report on Monday, February 5th. Finally, Goldman Sachs Group lowered shares of NVIDIA from a conviction-buy rating to a buy rating and set a $281.00 price target on the stock. in a report on Thursday, February 1st. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $210.67.

NVIDIA (NVDA) opened at $228.03 on Friday. The company has a market cap 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 has a quick ratio of 7.34, a current ratio of 8.03 and a debt-to-equity ratio of 0.27. NVIDIA has a 12-month low of $95.17 and a 12-month high of $249.27.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results 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. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. The firm’s revenue was up 34.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 EPS. sell-side analysts predict that NVIDIA will post 4.68 earnings per share for the current fiscal year.

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 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 dividend yield of 0.26%. NVIDIA’s dividend payout ratio (DPR) is currently 12.42%.

In other news, Director A Brooke Seawell sold 1,029 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 1,029 shares in the company, valued at approximately $220,308.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Persis Drell sold 606 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total transaction of $119,424.42. Following the completion of the transaction, the director now owns 26,104 shares in the company, valued at approximately $5,144,315.28. The disclosure for this sale can be found here. Insiders sold a total of 4,858 shares of company stock worth $1,025,784 in the last 90 days. Corporate insiders own 5.17% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Whale Rock Capital Management LLC acquired a new position in shares of NVIDIA during the 3rd quarter valued at $93,171,000. Old Mutual Global Investors UK Ltd. lifted its position in shares of NVIDIA by 71.3% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 1,028,663 shares of the computer hardware maker’s stock valued at $199,046,000 after acquiring an additional 428,046 shares during the period. Zevenbergen Capital Investments LLC lifted its position in shares of NVIDIA by 957.5% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 391,565 shares of the computer hardware maker’s stock valued at $70,000,000 after acquiring an additional 354,537 shares during the period. Global X Management Co. LLC lifted its position in shares of NVIDIA by 124.8% during the 4th quarter. Global X Management Co. LLC now owns 616,045 shares of the computer hardware maker’s stock valued at $119,205,000 after acquiring an additional 342,038 shares during the period. Finally, Swedbank lifted its position in shares of NVIDIA by 21.0% during the 3rd quarter. Swedbank now owns 1,690,684 shares of the computer hardware maker’s stock valued at $302,244,000 after acquiring an additional 293,832 shares during the period. Hedge funds and other institutional investors own 62.70% of the company’s stock.

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About NVIDIA

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

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