The NVIDIA Co. (NVDA) Given “Buy” Rating at Mizuho

The NVIDIA Co. (NVDA) Given “Buy” Rating at Mizuho

Other equities analysts also recently issued reports about the stock. Instinet boosted their target price on shares of NVIDIA to $100.00 in a report on Friday, February 10th. Stifel Nicolaus upped their price objective on shares of NVIDIA to $90.00 in a report on Friday, February 10th. Vetr downgraded shares of NVIDIA from a strong-buy rating to a buy rating and set a $124.39 price objective on the stock. in a report on Monday, January 30th. Canaccord Genuity upped their price target on shares of NVIDIA from $97.50 to $120.00 and gave the company a buy rating in a research note on Tuesday, January 10th. Finally, Needham & Company LLC restated a buy rating and issued a $120.00 price target on shares of NVIDIA in a research note on Thursday, February 9th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $113.02.

Mizuho reaffirmed their buy rating on shares of NVIDIA Co. (NASDAQ:NVDA) in a research report report published on Wednesday, May 10th. They currently have a $130.00 target price on the computer hardware maker’s stock.

Shares of NVIDIA (NASDAQ:NVDA) opened at 143.64 on Wednesday. NVIDIA has a 1-year low of $44.57 and a 1-year high of $147.00. The firm has a 50-day moving average of $119.59 and a 200 day moving average of $107.11. The stock has a market capitalization of $85.47 billion, a PE ratio of 48.22 and a beta of 1.31. NVIDIA (NASDAQ:NVDA) last issued its earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.16. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. NVIDIA had a net margin of 26.17% and a return on equity of 34.19%. The firm’s revenue for the quarter was up 48.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 earnings per share. On average, equities analysts anticipate that NVIDIA will post $3.08 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Tuesday, May 23rd will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Friday, May 19th. NVIDIA’s payout ratio is presently 21.96%. In other NVIDIA news, EVP Debora Shoquist sold 63,717 shares of NVIDIA stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $144.81, for a total transaction of $9,226,858.77. Following the completion of the transaction, the executive vice president now owns 330,040 shares of the company’s stock, valued at approximately $47,793,092.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jen Hsun Huang sold 41,670 shares of NVIDIA stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $98.30, for a total value of $4,096,161.00. Following the transaction, the insider now directly owns 1,811,456 shares of the company’s stock, valued at approximately $178,066,124.80. The disclosure for this sale can be found here. Insiders have sold a total of 488,252 shares of company stock valued at $59,216,841 in the last ninety days. Insiders own 5.82% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Swedbank acquired a new stake in shares of NVIDIA during the third quarter worth about $103,681,000. Greenwich Wealth Management LLC increased its stake in shares of NVIDIA by 0.6% in the first quarter. Greenwich Wealth Management LLC now owns 55,437 shares of the computer hardware maker’s stock worth $6,039,000 after buying an additional 357 shares during the period. Columbus Circle Investors acquired a new stake in shares of NVIDIA during the first quarter worth about $8,530,000. Ameriprise Financial Inc. increased its stake in shares of NVIDIA by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock worth $572,695,000 after buying an additional 1,672,231 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of NVIDIA by 721.8% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 380,235 shares of the computer hardware maker’s stock worth $26,053,000 after buying an additional 333,965 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock. About NVIDIA

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:NVDA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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