Indus Prns Limited Co holds 1.11% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 70,000 shares. The stock had a trading volume of 8,468,415 shares. Mizuho reissued a "buy" rating and set a $170.00 price target (up from $145.00) on shares of NVIDIA Corporation in a research report on Wednesday, June 28th. Eqis Capital Management Inc. now owns 7,132 shares of the computer hardware maker's stock worth $1,275,000 after acquiring an additional 1,642 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in NVIDIA Corporation in the 2nd quarter worth approximately $116,000. Proficio Capital Partners LLC raised its position in shares of NVIDIA by 186.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker's stock worth $2,715,000 after buying an additional 2,836 shares during the period. Meiji Yasuda Life Insurance Co lifted its holdings in NVIDIA Corporation by 9.9% during the 2nd quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker's stock worth $18,549,000 after buying an additional 13,802 shares during the period. Finally, Hanson McClain Inc. lifted its stake in shares of NVIDIA Corporation by 12.7% during the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker's stock worth $127,000 after purchasing an additional 99 shares in the last quarter. Corporate insiders own 5.82% of the company's stock.
The stock increased 0.05% or $0.09 during the last trading session, reaching $191.03. BidaskClub raised NVIDIA Corporation from a "buy" rating to a "strong-buy" rating in a research report on Monday, July 24th. Royal Bank Of Canada lifted their price objective on shares of NVIDIA Corporation from $205.00 to $220.00 and gave the stock an "outperform" rating in a research note on Thursday. Vetr cut shares of NVIDIA Corporation from a "buy" rating to a "hold" rating and set a $172.54 price objective for the company.in a research note on Thursday, August 31st. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company's stock. NVIDIA presently has an average rating of Hold and an average price target of $113.00.
Nvidia's "24-year history in parallel processing and the development of its ubiquitous CUDA platform has uniquely positioned the company to capitalize on the explosion of "intelligence machines" - hundreds of millions of AVs [autonomous vehicles] and trillions of IoT [internet of things] devices, all of which will generate significant network complexity and network consumption", analyst Rajvindra Gill wrote in a note to clients Friday entitled "Entering A World Where Software Will Write Itself: AI Is the Killer App for GPU". The firm's 50-day moving average price is $175.31 and its 200 day moving average price is $147.71. The stock is now 11.69% away from its 50-day simple moving average and 42.24% away from the 200 day average. The stock has a market capitalization of $114.62 billion, a P/E ratio of 54.94 and a beta of 1.28.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, August 10th. On a consensus basis, analysts have given a recommendation of 2.40 on company shares. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. During the same period in the previous year, the firm posted $0.53 EPS. On average, equities research analysts forecast that NVIDIA Corporation will post $3.64 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 19th. This represents a $0.56 annualized dividend and a yield of 0.29%. NVIDIA Corporation's payout ratio is 15.86%.
COPYRIGHT VIOLATION NOTICE: This piece of content was first published by Week Herald and is the property of of Week Herald. If you are accessing this report on another site, it was illegally copied and republished in violation of U.S. and worldwide trademark and copyright laws.
In other news, insider Jen Hsun Huang sold 110,000 shares of NVIDIA Corporation stock in a transaction that occurred on Wednesday, September 6th. Hugh Johnson Advisors Llc sold 17,424 shares as the company's stock rose 26.83% with the market. The stock was sold at an average price of $171.01, for a total value of $69,943.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The shares were sold at an average price of $98.30, for a total transaction of $4,096,161.00. The disclosure for this sale can be found here.
In other NVIDIA Corporation news, insider Michael Byron sold 409 shares of NVIDIA Corporation stock in a transaction dated Friday, September 1st.
Gill also likes Nvidia's prospects in autonomous vehicles and artificial intelligence applications, which need high-performance processors. The Company's operates through two divisions: GPU and Tegra Processor.