Piper Sandler restated their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a report published on Thursday morning, Stock Target Advisor reports. They currently have a $275.00 price objective on the computer hardware maker’s stock.
A number of other equities analysts have also recently commented on NVDA. Nomura boosted their price target on shares of NVIDIA from $147.00 to $200.00 in a research note on Friday, November 15th. Piper Jaffray Companies boosted their price target on shares of NVIDIA from $230.00 to $250.00 and gave the stock an overweight rating in a research note on Tuesday, December 17th. Deutsche Bank boosted their price target on shares of NVIDIA from $160.00 to $190.00 and gave the stock a hold rating in a research note on Monday, November 11th. Benchmark boosted their price target on shares of NVIDIA from $240.00 to $275.00 and gave the stock a buy rating in a research note on Tuesday, December 31st. Finally, Bank of America boosted their price target on shares of NVIDIA from $275.00 to $300.00 and gave the stock a buy rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $228.86.
NVDA stock traded down $2.38 during midday trading on Thursday, reaching $250.48. The company had a trading volume of 9,328,487 shares, compared to its average volume of 6,922,612. The company has a debt-to-equity ratio of 0.22, a current ratio of 8.42 and a quick ratio of 7.71. NVIDIA has a 1 year low of $131.00 and a 1 year high of $259.50. The company has a market capitalization of $153.29 billion, a P/E ratio of 64.06, a P/E/G ratio of 6.20 and a beta of 2.04. The firm has a 50-day moving average price of $235.46 and a 200-day moving average price of $195.40.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 14th. The computer hardware maker reported $1.78 EPS for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.21. NVIDIA had a net margin of 24.08% and a return on equity of 22.02%. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter in the previous year, the company earned $1.84 EPS. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities analysts predict that NVIDIA will post 4.32 EPS for the current year.
In related news, Director Robert K. Burgess sold 8,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $230.71, for a total transaction of $1,845,680.00. Following the completion of the sale, the director now directly owns 13,894 shares in the company, valued at approximately $3,205,484.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 6,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $248.13, for a total transaction of $1,488,780.00. Following the sale, the chief financial officer now owns 165,288 shares of the company’s stock, valued at $41,012,911.44. The disclosure for this sale can be found here. Insiders have sold a total of 51,785 shares of company stock valued at $11,454,424 over the last quarter. 4.64% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Marquette Asset Management LLC raised its holdings in NVIDIA by 416.7% during the 3rd quarter. Marquette Asset Management LLC now owns 155 shares of the computer hardware maker’s stock valued at $27,000 after buying an additional 125 shares during the last quarter. Investors Research Corp raised its holdings in NVIDIA by 313.0% during the 3rd quarter. Investors Research Corp now owns 190 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 144 shares during the last quarter. American National Bank bought a new position in NVIDIA in the 3rd quarter worth $35,000. Bartlett & Co. LLC bought a new position in NVIDIA in the 3rd quarter worth $37,000. Finally, Candriam Luxembourg S.C.A. raised its holdings in NVIDIA by 43.1% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 159,038 shares of the computer hardware maker’s stock worth $37,000 after purchasing an additional 47,921 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.
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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