NVIDIA Corporation (NASDAQ:NVDA) had its price objective upped by equities research analysts at Rosenblatt Securities from $180.00 to $250.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the computer hardware maker’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 15.67% from the company’s current price.
A number of other equities analysts have also commented on NVDA. Royal Bank Of Canada restated an “outperform” rating and set a $175.00 price objective on shares of NVIDIA Corporation in a research note on Thursday, July 13th. Canaccord Genuity reaffirmed a “buy” rating and issued a $155.00 target price on shares of NVIDIA Corporation in a report on Monday, July 17th. Mizuho reaffirmed a “buy” rating and issued a $170.00 target price on shares of NVIDIA Corporation in a report on Friday, July 21st. Summit Redstone reaffirmed a “buy” rating on shares of NVIDIA Corporation in a report on Saturday, July 22nd. Finally, BidaskClub raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $185.41.
NVIDIA Corporation (NASDAQ:NVDA) traded up $10.82 during trading on Friday, reaching $216.14. The company’s stock had a trading volume of 31,331,300 shares, compared to its average volume of 13,613,651. NVIDIA Corporation has a 12-month low of $78.50 and a 12-month high of $218.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. The company has a market cap of $129,684.00, a price-to-earnings ratio of 53.24, a PEG ratio of 5.34 and a beta of 1.23.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a return on equity of 42.71% and a net margin of 28.78%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the company earned $0.94 EPS. The company’s revenue was up 31.5% on a year-over-year basis. equities analysts expect that NVIDIA Corporation will post 3.61 earnings per share for the current year.
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In other news, Director Harvey C. Jones sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $185.65, for a total value of $18,565,000.00. Following the transaction, the director now owns 30,762 shares in the company, valued at approximately $5,710,965.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jen Hsun Huang sold 110,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $166.08, for a total value of $18,268,800.00. The disclosure for this sale can be found here. Insiders sold a total of 436,503 shares of company stock worth $78,796,295 in the last 90 days. Company insiders own 5.17% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Fiduciary Trust Co. purchased a new position in NVIDIA Corporation in the first quarter valued at approximately $435,000. Metropolitan Life Insurance Co. NY lifted its stake in NVIDIA Corporation by 6.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 308,211 shares of the computer hardware maker’s stock valued at $33,573,000 after purchasing an additional 19,245 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in NVIDIA Corporation in the first quarter valued at approximately $1,454,000. Caxton Associates LP purchased a new position in NVIDIA Corporation in the first quarter valued at approximately $2,778,000. Finally, Flagship Harbor Advisors LLC lifted its stake in NVIDIA Corporation by 138.6% in the first quarter. Flagship Harbor Advisors LLC now owns 7,646 shares of the computer hardware maker’s stock valued at $765,000 after purchasing an additional 4,442 shares during the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.
NVIDIA Corporation Company Profile
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.
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