Stifel Nicolaus Raises NVIDIA (NASDAQ:NVDA) Price Target to $175.00

NVIDIA (NASDAQ:NVDAGet Rating) had its price target increased by Stifel Nicolaus from $165.00 to $175.00 in a research note published on Thursday morning, The Fly reports. The firm currently has a hold rating on the computer hardware maker’s stock.

A number of other brokerages have also recently issued reports on NVDA. Jefferies Financial Group dropped their target price on shares of NVIDIA from $370.00 to $280.00 in a research report on Thursday, August 25th. Needham & Company LLC lowered their price objective on shares of NVIDIA from $170.00 to $155.00 in a research report on Tuesday, October 25th. Oppenheimer lowered their price objective on shares of NVIDIA from $250.00 to $225.00 and set an outperform rating for the company in a research report on Friday, November 11th. Piper Sandler lowered their price objective on shares of NVIDIA from $235.00 to $200.00 in a research report on Thursday, September 1st. Finally, BMO Capital Markets lowered their price objective on shares of NVIDIA from $230.00 to $210.00 and set an outperform rating for the company in a research report on Wednesday, September 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $210.21.

NVIDIA Trading Down 1.7 %

Shares of NVIDIA stock opened at $154.09 on Thursday. The stock has a market capitalization of $383.68 billion, a P/E ratio of 65.57, a price-to-earnings-growth ratio of 5.24 and a beta of 1.70. The company has a quick ratio of 3.11, a current ratio of 3.39 and a debt-to-equity ratio of 0.45. The company has a 50-day simple moving average of $132.89 and a 200 day simple moving average of $156.46. NVIDIA has a 12-month low of $108.13 and a 12-month high of $346.47.

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

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.04 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.16 annualized dividend and a yield of 0.10%. NVIDIA’s dividend payout ratio (DPR) is currently 6.81%.

Insiders Place Their Bets

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

Institutional Trading of NVIDIA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Clear Perspectives Financial Planning LLC acquired a new stake in shares of NVIDIA in the first quarter valued at approximately $28,000. Roble Belko & Company Inc increased its holdings 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 buying an additional 88 shares during the last quarter. Tortoise Investment Management LLC increased its holdings 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 buying an additional 53 shares during the last quarter. Cordant Inc. increased its holdings in NVIDIA by 170.6% during the first quarter. Cordant Inc. now owns 184 shares of the computer hardware maker’s stock worth $51,000 after buying an additional 116 shares during the last quarter. Finally, TFO TDC LLC acquired a new position in NVIDIA during the second quarter worth $28,000. 62.58% of the stock is currently owned by institutional investors and hedge funds.

About NVIDIA

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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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