Brokerages Set NVIDIA Co. (NASDAQ:NVDA) Price Target at $218.19

NVIDIA Co. (NASDAQ:NVDA) has received an average rating of “Buy” from the forty-three analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-eight have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $218.19.

NVDA has been the subject of a number of research reports. Needham & Company LLC reiterated a “sell” rating on shares of NVIDIA in a report on Friday, August 16th. Goldman Sachs Group raised their price objective on NVIDIA from $179.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Deutsche Bank boosted their target price on NVIDIA from $160.00 to $190.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their target price on NVIDIA from $200.00 to $237.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Barclays upped their target price on NVIDIA from $170.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th.

In other news, CFO Colette Kress sold 31,357 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $179.01, for a total value of $5,613,216.57. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Persis Drell sold 165 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $180.45, for a total value of $29,774.25. Following the completion of the sale, the director now directly owns 18,019 shares in the company, valued at $3,251,528.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,344 shares of company stock worth $14,898,301. Corporate insiders own 4.64% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Deltec Asset Management LLC purchased a new position in shares of NVIDIA during the second quarter worth about $452,000. Meadow Creek Investment Management LLC increased its position in NVIDIA by 6.2% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 149,192 shares of the computer hardware maker’s stock valued at $24,502,000 after acquiring an additional 8,738 shares during the period. Meeder Asset Management Inc. increased its position in NVIDIA by 2,473.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 592 shares of the computer hardware maker’s stock valued at $97,000 after acquiring an additional 569 shares during the period. Clearstead Advisors LLC lifted its position in NVIDIA by 172.1% during the 2nd quarter. Clearstead Advisors LLC now owns 3,633 shares of the computer hardware maker’s stock worth $596,000 after acquiring an additional 2,298 shares during the period. Finally, LPL Financial LLC lifted its position in NVIDIA by 11.9% during the 2nd quarter. LPL Financial LLC now owns 386,252 shares of the computer hardware maker’s stock worth $63,436,000 after acquiring an additional 40,990 shares during the period. 65.04% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ NVDA traded up $1.43 during mid-day trading on Friday, reaching $213.60. 1,104,600 shares of the company were exchanged, compared to its average volume of 8,972,031. NVIDIA has a 52 week low of $124.46 and a 52 week high of $221.41. The company’s 50 day moving average price is $206.53 and its 200 day moving average price is $174.63. The stock has a market capitalization of $130.77 billion, a PE ratio of 35.19, a PEG ratio of 4.82 and a beta of 2.06. The company has a quick ratio of 7.71, a current ratio of 8.42 and a debt-to-equity ratio of 0.22.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, November 14th. The computer hardware maker reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.21. NVIDIA had a return on equity of 22.02% and a net margin of 24.08%. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter in the prior year, the firm earned $1.84 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. On average, sell-side analysts predict that NVIDIA will post 4.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.30%. The ex-dividend date is Wednesday, November 27th. NVIDIA’s dividend payout ratio (DPR) is currently 10.54%.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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