NVIDIA (NASDAQ:NVDA) Given New $210.00 Price Target at BMO Capital Markets

NVIDIA (NASDAQ:NVDAGet Rating) had its price target trimmed by BMO Capital Markets from $230.00 to $210.00 in a research report sent to investors on Wednesday, The Fly reports. The brokerage currently has an outperform rating on the computer hardware maker’s stock.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of NVIDIA from $175.00 to $165.00 and set a hold rating on the stock in a research report on Thursday, August 25th. Sanford C. Bernstein cut their target price on shares of NVIDIA from $210.00 to $180.00 in a research note on Thursday, September 1st. StockNews.com lowered shares of NVIDIA from a hold rating to a sell rating in a research note on Tuesday, September 13th. The Goldman Sachs Group cut their target price on shares of NVIDIA from $192.00 to $166.00 in a research note on Friday, July 15th. Finally, Morgan Stanley cut their target price on shares of NVIDIA from $217.00 to $182.00 and set an equal weight rating on the stock in a research note on Thursday, May 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of Moderate Buy and an average price target of $214.91.

NVIDIA Trading Up 0.6 %

NASDAQ NVDA opened at $132.61 on Wednesday. The stock has a market capitalization of $330.20 billion, a P/E ratio of 43.48, a PEG ratio of 4.39 and a beta of 1.69. NVIDIA has a 12 month low of $126.17 and a 12 month high of $346.47. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 3.11. The firm’s 50-day moving average is $163.39 and its two-hundred day moving average is $186.32.

NVIDIA (NASDAQ:NVDAGet Rating) last issued its quarterly earnings results on Wednesday, August 24th. The computer hardware maker reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.05). The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.70 billion. NVIDIA had a return on equity of 36.83% and a net margin of 26.03%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. On average, sell-side analysts anticipate that NVIDIA will post 2.49 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 8th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.12%. The ex-dividend date is Wednesday, September 7th. NVIDIA’s dividend payout ratio is presently 5.25%.

Institutional Investors Weigh In On NVIDIA

Hedge funds have recently modified their holdings of the stock. Clark Capital Management Group Inc. lifted its holdings in NVIDIA by 36.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 5,922 shares of the computer hardware maker’s stock valued at $1,742,000 after acquiring an additional 1,591 shares during the period. GSA Capital Partners LLP acquired a new stake in NVIDIA in the fourth quarter valued at $237,000. Maverick Capital Ltd. lifted its holdings in NVIDIA by 401.9% in the fourth quarter. Maverick Capital Ltd. now owns 150,760 shares of the computer hardware maker’s stock valued at $44,340,000 after acquiring an additional 120,721 shares during the period. Rowland & Co. Investment Counsel ADV lifted its holdings in NVIDIA by 311.8% in the fourth quarter. Rowland & Co. Investment Counsel ADV now owns 4,188 shares of the computer hardware maker’s stock valued at $1,232,000 after acquiring an additional 3,171 shares during the period. Finally, Summit Global Investments lifted its holdings in NVIDIA by 42.5% in the fourth quarter. Summit Global Investments now owns 1,761 shares of the computer hardware maker’s stock valued at $518,000 after acquiring an additional 525 shares during the period. 62.58% of the stock is owned by institutional investors and hedge funds.

NVIDIA Company Profile

(Get Rating)

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.

Featured Stories

The Fly logo

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.