NVIDIA’s (NVDA) Outperform Rating Reaffirmed at Credit Suisse Group

Credit Suisse Group reiterated their outperform rating on shares of NVIDIA (NASDAQ:NVDAGet Rating) in a report issued on Wednesday, MarketBeat reports. They currently have a $210.00 target price on the computer hardware maker’s stock, up from their prior target price of $205.00.

NVDA has been the subject of a number of other reports. Rosenblatt Securities reaffirmed a buy rating and issued a $320.00 target price on shares of NVIDIA in a report on Thursday, August 25th. JPMorgan Chase & Co. reduced their target price on shares of NVIDIA from $230.00 to $220.00 in a report on Thursday, August 25th. Robert W. Baird reduced their target price on shares of NVIDIA from $150.00 to $135.00 and set a neutral rating for the company in a report on Thursday, August 25th. Benchmark reduced their target price on shares of NVIDIA from $228.00 to $215.00 and set a buy rating for the company in a report on Thursday, August 25th. Finally, Fubon Bank cut shares of NVIDIA from a buy rating to a neutral rating in a report on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $210.21.

NVIDIA Price Performance

Shares of NVDA opened at $154.09 on Wednesday. NVIDIA has a 1-year low of $108.13 and a 1-year high of $346.47. The stock has a market cap of $383.68 billion, a PE ratio of 65.57, a price-to-earnings-growth ratio of 5.24 and a beta of 1.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.39 and a quick ratio of 3.11. The firm has a fifty day moving average price of $132.89 and a 200 day moving average price of $156.46.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its quarterly earnings results on Wednesday, November 16th. The computer hardware maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.13). NVIDIA had a net margin of 20.85% and a return on equity of 30.75%. The company had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.82 billion. During the same period last year, the firm earned $1.01 earnings per share. NVIDIA’s revenue was down 16.5% on a year-over-year basis. As a group, sell-side analysts anticipate that NVIDIA will post 2.44 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Thursday, December 1st will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend is Wednesday, November 30th. NVIDIA’s payout ratio is 6.81%.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 87,500 shares of the company’s stock in a transaction that occurred on Thursday, October 13th. The shares were sold at an average price of $119.65, for a total transaction of $10,469,375.00. Following the transaction, the director now owns 2,310,193 shares of the company’s stock, valued at $276,414,592.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Mark A. Stevens sold 85,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of $116.49, for a total transaction of $9,901,650.00. Following the transaction, the director now owns 2,397,693 shares of the company’s stock, valued at $279,307,257.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 87,500 shares of the company’s stock in a transaction that occurred on Thursday, October 13th. The shares were sold at an average price of $119.65, for a total transaction of $10,469,375.00. Following the transaction, the director now directly owns 2,310,193 shares in the company, valued at approximately $276,414,592.45. The disclosure for this sale can be found here. Insiders own 4.04% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

A number of large investors have recently bought and sold shares of NVDA. Roble Belko & Company Inc raised its stake in NVIDIA by 550.0% during the first quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock worth $28,000 after purchasing an additional 88 shares during the period. Clear Perspectives Financial Planning LLC purchased a new position in NVIDIA during the first quarter worth approximately $28,000. TFO TDC LLC purchased a new position in NVIDIA during the second quarter worth approximately $28,000. Tortoise Investment Management LLC raised its stake in NVIDIA by 40.8% during the second quarter. Tortoise Investment Management LLC now owns 183 shares of the computer hardware maker’s stock worth $28,000 after purchasing an additional 53 shares during the period. Finally, Riggs Asset Managment Co. Inc. raised its stake in NVIDIA by 271.2% during the third quarter. Riggs Asset Managment Co. Inc. now owns 245 shares of the computer hardware maker’s stock worth $30,000 after purchasing an additional 179 shares during the period. Hedge funds and other institutional investors own 62.58% of the company’s stock.

NVIDIA Company Profile

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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.

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