NVIDIA Corporation (NVDA) Receives Consensus Recommendation of “Hold” from Brokerages
NVIDIA Corporation (NASDAQ:NVDA) has received a consensus rating of “Hold” from the forty-three analysts that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $160.18.
Several brokerages recently commented on NVDA. Mizuho reaffirmed a “positive” rating and issued a $220.00 price objective (up from $180.00) on shares of NVIDIA Corporation in a research report on Monday, October 16th. Needham & Company LLC increased their price objective on shares of NVIDIA Corporation from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Royal Bank Of Canada increased their price objective on shares of NVIDIA Corporation from $205.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 12th. Bank of America Corporation set a $210.00 price objective on shares of NVIDIA Corporation and gave the company a “buy” rating in a research report on Thursday, October 12th. Finally, B. Riley reaffirmed a “buy” rating and issued a $200.00 price objective on shares of NVIDIA Corporation in a research report on Tuesday, October 10th.
In other NVIDIA Corporation news, Director A Brooke Seawell sold 30,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the sale, the director now directly owns 16,507 shares in the company, valued at $2,809,326.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Debora Shoquist sold 33,498 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $189.24, for a total transaction of $6,339,161.52. The disclosure for this sale can be found here. Insiders have sold 452,784 shares of company stock worth $81,437,724 over the last quarter. Insiders own 5.82% of the company’s stock.
A number of large investors have recently modified their holdings of the business. APG Asset Management N.V. increased its stake in NVIDIA Corporation by 27.3% during the third quarter. APG Asset Management N.V. now owns 396,139 shares of the computer hardware maker’s stock worth $70,818,000 after purchasing an additional 84,900 shares during the period. ELM Advisors LLC purchased a new stake in NVIDIA Corporation during the third quarter worth about $206,000. LS Investment Advisors LLC increased its stake in NVIDIA Corporation by 7.2% during the third quarter. LS Investment Advisors LLC now owns 10,807 shares of the computer hardware maker’s stock worth $1,932,000 after purchasing an additional 729 shares during the period. Mycio Wealth Partners LLC purchased a new stake in NVIDIA Corporation during the third quarter worth about $205,000. Finally, Merriman Wealth Management LLC increased its stake in NVIDIA Corporation by 24.2% during the third quarter. Merriman Wealth Management LLC now owns 2,827 shares of the computer hardware maker’s stock worth $505,000 after purchasing an additional 551 shares during the period. Institutional investors own 65.79% of the company’s stock.
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Shares of NVIDIA Corporation (NASDAQ NVDA) traded down 0.46% on Friday, reaching $196.90. 11,290,462 shares of the company’s stock traded hands. NVIDIA Corporation has a 12-month low of $66.57 and a 12-month high of $199.59. The stock has a 50-day moving average price of $180.71 and a 200-day moving average price of $151.51. The company has a market cap of $118.14 billion, a PE ratio of 56.63 and a beta of 1.28.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.32. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The company’s revenue was up 56.2% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. Equities research analysts anticipate that NVIDIA Corporation will post $3.63 EPS for the current fiscal year.
About NVIDIA Corporation
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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