NVIDIA PT Raised to $20.00 (NVDA)
Equities researchers at MKM Partners boosted their price objective on shares of NVIDIA (NASDAQ:NVDA) from $18.00 to $20.00 in a research report issued on Tuesday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. MKM Partners’ target price points to a potential upside of 7.35% from the stock’s previous close.
A number of other firms have also recently commented on NVDA. Analysts at Susquehanna reiterated a “neutral” rating on shares of NVIDIA in a research note on Tuesday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of NVIDIA in a research note on Tuesday, April 29th. They now have a $20.00 price target on the stock. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. NVIDIA has an average rating of “Hold” and a consensus target price of $18.06.
In other NVIDIA news, CAO David Shannon sold 2,446 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $18.58, for a total transaction of $45,446.68. Following the transaction, the chief accounting officer now directly owns 240,917 shares of the company’s stock, valued at approximately $4,476,238. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
NVIDIA (NASDAQ:NVDA) traded down 1.23% on Tuesday, hitting $18.40. The stock had a trading volume of 5,804,822 shares. NVIDIA has a 52-week low of $13.11 and a 52-week high of $19.46. The stock’s 50-day moving average is $18.47 and its 200-day moving average is $16.76. The company has a market cap of $10.198 billion and a price-to-earnings ratio of 25.18. NVIDIA also was the target of some unusual options trading activity on Monday. Investors acquired 13,619 call options on the company. This is an increase of approximately 102% compared to the average daily volume of 6,745 call options.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.12. The company had revenue of $1.10 million for the quarter, compared to the consensus estimate of $1.06 million. On average, analysts predict that NVIDIA will post $0.84 earnings per share for the current fiscal year.
NVIDIA Corporation (NASDAQ:NVDA) is engaged in creating the graphics chips used in personal computers (PCs).
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