NVIDIA Corporation (NASDAQ:NVDA) had its target price lifted by Raymond James Financial, Inc. in a report released on Friday. The firm presently has an “outperform” rating on the computer hardware maker’s stock.
A number of other research firms have also recently issued reports on NVDA. Mizuho reiterated a “buy” rating and issued a $180.00 target price (up from $170.00) on shares of NVIDIA Corporation in a research note on Friday, August 11th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $140.00 target price on shares of NVIDIA Corporation in a research note on Wednesday, August 16th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of NVIDIA Corporation in a research note on Sunday, November 5th. Vetr cut shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 target price for the company. in a research note on Thursday, August 31st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $190.00 target price (up from $180.00) on shares of NVIDIA Corporation in a research note on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $185.41.
NVIDIA Corporation (NASDAQ:NVDA) traded up $10.82 during midday trading on Friday, reaching $216.14. 31,331,300 shares of the company’s stock were exchanged, compared to its average volume of 13,613,651. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. The firm has a market capitalization of $129,684.00, a PE ratio of 53.24, a PEG ratio of 5.34 and a beta of 1.23. NVIDIA Corporation has a 1 year low of $78.50 and a 1 year high of $218.67.
NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.39. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The company’s revenue was up 31.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 earnings per share. analysts expect that NVIDIA Corporation will post 3.61 EPS for the current fiscal year.
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In related news, EVP Debora Shoquist sold 33,498 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $189.24, for a total value of $6,339,161.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Tench Coxe sold 50,000 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $189.62, for a total transaction of $9,481,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 436,503 shares of company stock worth $78,796,295. Corporate insiders own 5.17% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of NVIDIA Corporation by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after acquiring an additional 2,676,976 shares during the period. Ameriprise Financial Inc. raised its position in shares of NVIDIA Corporation by 8.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock valued at $827,110,000 after acquiring an additional 463,306 shares during the period. Janus Capital Management LLC raised its position in shares of NVIDIA Corporation by 20.0% in the 1st quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock valued at $584,832,000 after acquiring an additional 895,591 shares during the period. Renaissance Technologies LLC raised its position in shares of NVIDIA Corporation by 19.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after acquiring an additional 768,200 shares during the period. Finally, Janus Henderson Group PLC increased its stake in NVIDIA Corporation by 5,424.4% during the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock worth $592,244,000 after purchasing an additional 4,022,728 shares in the last quarter. Institutional investors and hedge funds 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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