Other analysts have also recently issued research reports about the company. Wells Fargo & Company lowered their price target on NVIDIA from $370.00 to $250.00 and set an overweight rating for the company in a report on Friday, May 20th. Oppenheimer decreased their target price on NVIDIA from $350.00 to $300.00 and set an outperform rating for the company in a report on Thursday, May 19th. Morgan Stanley decreased their target price on NVIDIA from $217.00 to $182.00 and set an equal weight rating for the company in a report on Thursday, May 26th. Jefferies Financial Group decreased their target price on NVIDIA from $370.00 to $280.00 in a report on Thursday, August 25th. Finally, Fubon Bank cut NVIDIA from a buy rating to a neutral rating in a report on Thursday, August 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $216.68.
NVIDIA Trading Up 2.1 %
Shares of NVDA stock opened at $131.98 on Thursday. The firm has a 50-day moving average price of $164.50 and a 200 day moving average price of $188.10. NVIDIA has a twelve month low of $126.17 and a twelve month high of $346.47. The company has a market capitalization of $328.63 billion, a price-to-earnings ratio of 43.27, a PEG ratio of 4.33 and a beta of 1.69. The company has a current ratio of 3.62, a quick ratio of 3.11 and a debt-to-equity ratio of 0.41.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 8th will be given a dividend of $0.04 per share. The ex-dividend date is Wednesday, September 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.12%. NVIDIA’s dividend payout ratio (DPR) is currently 5.25%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rather & Kittrell Inc. bought a new stake in NVIDIA in the fourth quarter worth $26,000. Claremont Financial Group Inc. purchased a new position in NVIDIA during the fourth quarter valued at approximately $29,000. Emerson Wealth LLC purchased a new position in shares of NVIDIA in the first quarter worth $27,000. Clear Perspectives Financial Planning LLC purchased a new position in shares of NVIDIA in the first quarter worth $28,000. Finally, Roble Belko & Company Inc lifted its holdings in shares of NVIDIA by 550.0% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock worth $28,000 after buying an additional 88 shares in the last quarter. 62.58% of the stock is currently owned by hedge funds and other institutional investors.
NVIDIA Company Profile
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
- Get a free copy of the StockNews.com research report on NVIDIA (NVDA)
- Kroger’s is Your One-Stop Consumer Staples Stock
- Adobe Perfects the Art of the Faceplant for Investors
- Tax Credits are the Incentives in the Inflation Reduction Act
- 3 Banks Worth Considering For Q4
- Stock Market: 3 Islands Of Strength In A Sea Of Red
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.