NVIDIA (NASDAQ:NVDA) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday, February 16th.
Other research analysts have also recently issued research reports about the stock. Goldman Sachs Group cut shares of NVIDIA from a “conviction-buy” rating to a “buy” rating and set a $281.00 price target on the stock. in a research report on Thursday, February 1st. Vetr lowered shares of NVIDIA from a “hold” rating to a “sell” rating and set a $234.76 price objective on the stock. in a report on Monday, January 29th. Zacks Investment Research upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $262.00 price target on the stock in a research note on Wednesday, January 24th. Nomura upped their target price on shares of NVIDIA to $225.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $305.00 price target (up from $253.00) on shares of NVIDIA in a report on Friday, February 9th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $212.38.
NVIDIA (NASDAQ NVDA) traded up $1.03 during mid-day trading on Friday, reaching $248.74. 12,640,000 shares of the company were exchanged, compared to its average volume of 18,250,000. NVIDIA has a one year low of $95.49 and a one year high of $254.50. The company has a quick ratio of 7.34, a current ratio of 8.03 and a debt-to-equity ratio of 0.27. The firm has a market cap of $150,490.00, a PE ratio of 53.96, a PEG ratio of 3.92 and a beta of 1.43.
NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.56. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the firm earned $1.13 EPS. The business’s quarterly revenue was up 34.0% on a year-over-year basis. sell-side analysts anticipate that NVIDIA will post 6.22 earnings per share for the current year.
In other NVIDIA news, Director James C. Gaither sold 40,359 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $245.67, for a total transaction of $9,914,995.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Persis Drell sold 606 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the completion of the sale, the director now directly owns 26,104 shares in the company, valued at approximately $5,144,315.28. The disclosure for this sale can be found here. Insiders have sold a total of 58,546 shares of company stock valued at $14,034,433 in the last 90 days. Insiders own 5.17% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Chemical Bank raised its position in shares of NVIDIA by 12.7% during the fourth quarter. Chemical Bank now owns 4,868 shares of the computer hardware maker’s stock worth $941,000 after purchasing an additional 550 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of NVIDIA by 12.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 115,631 shares of the computer hardware maker’s stock worth $22,375,000 after purchasing an additional 12,443 shares during the period. Certified Advisory Corp acquired a new stake in shares of NVIDIA during the fourth quarter worth $241,000. Xact Kapitalforvaltning AB raised its position in shares of NVIDIA by 7.6% during the fourth quarter. Xact Kapitalforvaltning AB now owns 111,217 shares of the computer hardware maker’s stock worth $21,520,000 after purchasing an additional 7,854 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of NVIDIA by 4.5% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 419,071 shares of the computer hardware maker’s stock worth $81,090,000 after purchasing an additional 18,151 shares during the period. 67.01% of the stock is currently owned by institutional investors.
NVIDIA 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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