NVIDIA (NASDAQ:NVDA) had its target price hoisted by Wells Fargo & Co from $270.00 to $290.00 in a research report sent to investors on Tuesday morning, The Fly reports. They currently have an overweight rating on the computer hardware maker’s stock.
NVDA has been the topic of a number of other research reports. Susquehanna Bancshares boosted their price objective on shares of NVIDIA from $190.00 to $240.00 and gave the company a buy rating in a research report on Tuesday, November 12th. Mizuho boosted their price objective on shares of NVIDIA from $185.00 to $230.00 and gave the company a buy rating in a research report on Friday, November 15th. Wedbush restated a buy rating and issued a $243.00 price target on shares of NVIDIA in a report on Friday, November 15th. Raymond James upped their price target on shares of NVIDIA from $180.00 to $240.00 and gave the stock an outperform rating in a report on Friday, November 15th. Finally, Tigress Financial restated a buy rating on shares of NVIDIA in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $259.69.
NVDA stock opened at $289.79 on Tuesday. NVIDIA has a one year low of $132.60 and a one year high of $294.97. The company’s fifty day moving average price is $245.95 and its 200-day moving average price is $204.14. The company has a debt-to-equity ratio of 0.22, a quick ratio of 7.71 and a current ratio of 8.42. The company has a market capitalization of $177.35 billion, a PE ratio of 74.12, a price-to-earnings-growth ratio of 3.88 and a beta of 2.04.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, February 13th. The computer hardware maker reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.22. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. NVIDIA had a net margin of 24.08% and a return on equity of 22.02%. During the same quarter in the prior year, the firm earned $0.80 earnings per share. On average, research analysts predict that NVIDIA will post 4.32 EPS for the current fiscal year.
In other NVIDIA news, Director Dawn E. Hudson sold 2,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $201.87, for a total transaction of $403,740.00. Following the completion of the sale, the director now directly owns 33,037 shares of the company’s stock, valued at $6,669,179.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director A Brooke Seawell sold 20,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $212.75, for a total transaction of $4,255,000.00. Following the sale, the director now directly owns 22,221 shares of the company’s stock, valued at $4,727,517.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,785 shares of company stock worth $11,454,424. 4.64% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in NVDA. Marquette Asset Management LLC raised its position in shares of NVIDIA by 416.7% in the 3rd quarter. Marquette Asset Management LLC now owns 155 shares of the computer hardware maker’s stock valued at $27,000 after purchasing an additional 125 shares during the last quarter. Howard Wealth Management LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Stonebridge Financial Planning Group LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Braun Bostich & Associates Inc. purchased a new position in shares of NVIDIA in the 4th quarter valued at approximately $30,000. Finally, Requisite Capital Management LLC raised its position in shares of NVIDIA by 21,328.6% in the 4th quarter. Requisite Capital Management LLC now owns 300,000 shares of the computer hardware maker’s stock valued at $30,000 after purchasing an additional 298,600 shares during the last quarter. 65.23% of the stock is owned by institutional investors and hedge funds.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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