NVIDIA (NASDAQ:NVDA) had its price objective upped by SunTrust Banks from $273.00 to $314.00 in a report published on Thursday morning, The Fly reports. They currently have a buy rating on the computer hardware maker’s stock.
A number of other equities research analysts also recently issued reports on NVDA. Morgan Stanley raised shares of NVIDIA from an equal rating to an equal weight rating and boosted their price target for the company from $217.00 to $259.00 in a research note on Monday, November 25th. ValuEngine downgraded shares of NVIDIA from a buy rating to a hold rating in a research note on Tuesday, November 19th. Deutsche Bank boosted their price target on shares of NVIDIA from $160.00 to $190.00 and gave the company a hold rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their price target on shares of NVIDIA from $200.00 to $237.00 and gave the company an overweight rating in a research note on Friday, November 15th. Finally, Argus boosted their price target on shares of NVIDIA from $240.00 to $300.00 and gave the company a buy rating in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $255.75.
Shares of NVIDIA stock traded up $19.01 on Thursday, reaching $289.79. The company had a trading volume of 26,030,581 shares, compared to its average volume of 8,377,557. The firm’s 50 day moving average price is $245.95 and its two-hundred day moving average price is $204.14. The firm has a market cap of $177.54 billion, a PE ratio of 74.12, a PEG ratio of 3.88 and a beta of 2.04. NVIDIA has a 52-week low of $132.60 and a 52-week high of $294.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 7.71 and a current ratio of 8.42.
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 analysts’ consensus estimates of $1.67 by $0.22. The business 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 period in the previous year, the firm earned $0.80 EPS. As a group, sell-side analysts predict that NVIDIA will post 4.32 EPS for the current year.
In other NVIDIA news, CFO Colette Kress sold 6,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 165,288 shares in the company, valued at approximately $41,012,911.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dawn E. Hudson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $201.87, for a total transaction of $403,740.00. Following the transaction, the director now owns 33,037 shares of the company’s stock, valued at approximately $6,669,179.19. 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 in the last quarter. 4.64% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of NVDA. First Republic Investment Management Inc. lifted its position in shares of NVIDIA by 57.5% during the 4th quarter. First Republic Investment Management Inc. now owns 283,043 shares of the computer hardware maker’s stock worth $66,600,000 after buying an additional 103,354 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of NVIDIA during the 4th quarter worth approximately $169,000. Reynders McVeigh Capital Management LLC lifted its position in shares of NVIDIA by 1.9% during the 4th quarter. Reynders McVeigh Capital Management LLC now owns 61,449 shares of the computer hardware maker’s stock worth $14,459,000 after buying an additional 1,151 shares during the last quarter. Ellington Management Group LLC purchased a new stake in shares of NVIDIA during the 4th quarter worth approximately $1,224,000. Finally, J. Goldman & Co LP purchased a new stake in shares of NVIDIA during the 4th quarter worth approximately $4,507,000. Institutional investors own 65.23% 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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