NVIDIA Corporation’s (NVDA) “Hold” Rating Reiterated at Oppenheimer Holdings, Inc.
NVIDIA Corporation (NASDAQ:NVDA)‘s stock had its “hold” rating restated by analysts at Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Sunday.
A number of other research analysts have also recently issued reports on the company. Morgan Stanley boosted their target price on NVIDIA Corporation from $168.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday. B. Riley boosted their price target on NVIDIA Corporation from $200.00 to $250.00 and gave the company a “buy” rating in a report on Monday. Royal Bank Of Canada restated an “outperform” rating and issued a $230.00 price target (up from $220.00) on shares of NVIDIA Corporation in a report on Monday, October 30th. Vetr upgraded NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $203.56 price target on the stock in a report on Wednesday, October 25th. Finally, Jefferies Group LLC boosted their price target on NVIDIA Corporation from $180.00 to $230.00 and gave the company a “buy” rating in a report on Monday, October 23rd. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $164.69.
NVIDIA Corporation (NASDAQ NVDA) traded up $0.61 during trading hours on Friday, reaching $209.30. The company’s stock had a trading volume of 5,793,810 shares, compared to its average volume of 13,660,000. NVIDIA Corporation has a 1 year low of $66.57 and a 1 year high of $209.97. The company has a current ratio of 7.82, a quick ratio of 6.99 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $125,430.00, a PE ratio of 58.62, a price-to-earnings-growth ratio of 5.16 and a beta of 1.23.
NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The company’s revenue was up 56.2% on a year-over-year basis. equities analysts expect that NVIDIA Corporation will post 3.61 earnings per share for the current year.
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In other news, CFO Colette Kress sold 22,808 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of $185.31, for a total value of $4,226,550.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark L. Perry sold 16,281 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $162.24, for a total value of $2,641,429.44. Following the completion of the transaction, the director now owns 48,069 shares of the company’s stock, valued at $7,798,714.56. The disclosure for this sale can be found here. Insiders sold a total of 452,784 shares of company stock valued at $81,437,724 over the last quarter. 5.17% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Intrust Bank NA bought a new position in shares of NVIDIA Corporation in the 3rd quarter valued at $280,000. Retirement Systems of Alabama lifted its stake in shares of NVIDIA Corporation by 0.9% in the 3rd quarter. Retirement Systems of Alabama now owns 291,092 shares of the computer hardware maker’s stock valued at $52,039,000 after acquiring an additional 2,603 shares during the last quarter. Strategic Financial Services Inc bought a new position in shares of NVIDIA Corporation in the 3rd quarter valued at $278,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in shares of NVIDIA Corporation by 200.5% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 54,343 shares of the computer hardware maker’s stock valued at $9,577,000 after acquiring an additional 36,256 shares during the last quarter. Finally, Cedar Capital LLC bought a new position in shares of NVIDIA Corporation in the 3rd quarter valued at $223,000. Institutional investors own 65.59% of the company’s stock.
NVIDIA Corporation Company Profile
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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