NVIDIA (NASDAQ:NVDA) PT Raised to $250.00 at Barclays

NVIDIA (NASDAQ:NVDAGet Rating) had its target price increased by Barclays from $170.00 to $250.00 in a research report released on Monday morning, The Fly reports. The brokerage currently has an overweight rating on the computer hardware maker’s stock.

NVDA has been the topic of a number of other reports. StockNews.com cut shares of NVIDIA from a hold rating to a sell rating in a research note on Thursday, October 20th. HSBC started coverage on shares of NVIDIA in a research note on Thursday, December 15th. They issued a reduce rating and a $136.00 price objective on the stock. Cowen raised their price objective on shares of NVIDIA from $200.00 to $220.00 in a research note on Monday, December 12th. Credit Suisse Group reaffirmed an outperform rating and issued a $210.00 price objective (up from $205.00) on shares of NVIDIA in a research note on Wednesday, November 16th. Finally, Oppenheimer cut their target price on shares of NVIDIA from $250.00 to $225.00 and set an outperform rating on the stock in a report on Friday, November 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $209.23.

NVIDIA Price Performance

NVDA opened at $191.93 on Monday. NVIDIA has a one year low of $108.13 and a one year high of $289.46. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.39 and a quick ratio of 2.74. The company’s 50 day simple moving average is $161.58 and its 200-day simple moving average is $153.53. The stock has a market capitalization of $477.91 billion, a P/E ratio of 81.67, a price-to-earnings-growth ratio of 6.77 and a beta of 1.77.

NVIDIA (NASDAQ:NVDAGet Rating) last released its quarterly earnings results on Wednesday, November 16th. The computer hardware maker reported $0.34 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.10). NVIDIA had a net margin of 20.85% and a return on equity of 30.75%. The company had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.82 billion. During the same period last year, the company earned $1.01 earnings per share. NVIDIA’s revenue for the quarter was down 16.5% compared to the same quarter last year. Sell-side analysts anticipate that NVIDIA will post 2.19 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 22nd. Stockholders of record on Thursday, December 1st were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.08%. The ex-dividend date was Wednesday, November 30th. NVIDIA’s dividend payout ratio is currently 6.81%.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 2,494 shares of the business’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $167.89, for a total transaction of $418,717.66. Following the transaction, the insider now owns 56,617 shares in the company, valued at approximately $9,505,428.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 60,000 shares of the company’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $165.09, for a total transaction of $9,905,400.00. Following the transaction, the director now owns 2,250,193 shares in the company, valued at $371,484,362.37. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 2,494 shares of the company’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $167.89, for a total transaction of $418,717.66. Following the transaction, the insider now owns 56,617 shares in the company, valued at approximately $9,505,428.13. The disclosure for this sale can be found here. Insiders have sold 227,787 shares of company stock worth $36,844,997 in the last quarter. Company insiders own 4.04% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Red Door Wealth Management LLC raised its holdings in shares of NVIDIA by 6.5% in the fourth quarter. Red Door Wealth Management LLC now owns 20,540 shares of the computer hardware maker’s stock valued at $3,002,000 after purchasing an additional 1,248 shares during the last quarter. Waypoint Capital Advisors LLC raised its holdings in shares of NVIDIA by 3.3% in the fourth quarter. Waypoint Capital Advisors LLC now owns 4,824 shares of the computer hardware maker’s stock valued at $705,000 after purchasing an additional 152 shares during the last quarter. Resonant Capital Advisors LLC bought a new position in NVIDIA during the fourth quarter valued at about $502,000. JB Capital LLC grew its position in NVIDIA by 27.5% during the fourth quarter. JB Capital LLC now owns 2,138 shares of the computer hardware maker’s stock valued at $312,000 after buying an additional 461 shares during the period. Finally, Parisi Gray Wealth Management grew its position in NVIDIA by 108.0% during the fourth quarter. Parisi Gray Wealth Management now owns 12,482 shares of the computer hardware maker’s stock valued at $1,824,000 after buying an additional 6,481 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

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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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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