NVIDIA (NVDA) Stock Rating Reaffirmed by Goldman Sachs Group

NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating restated by analysts at Goldman Sachs Group in a note issued to investors on Friday. They presently have a $228.00 price target on the computer hardware maker’s stock. Goldman Sachs Group’s target price would suggest a potential upside of 5.48% from the stock’s current price.

Other research analysts have also issued reports about the company. Vetr lowered NVIDIA from a “strong-buy” rating to a “buy” rating and set a $217.46 price target for the company. in a report on Wednesday. Sanford C. Bernstein reiterated an “outperform” rating on shares of NVIDIA in a report on Saturday, September 23rd. SunTrust Banks reiterated a “buy” rating and set a $200.00 price target (up from $181.00) on shares of NVIDIA in a report on Monday, October 2nd. Craig Hallum reiterated a “buy” rating and set a $200.00 price target on shares of NVIDIA in a report on Saturday, September 23rd. Finally, Citigroup reiterated a “buy” rating and set a $240.00 price target on shares of NVIDIA in a report on Friday, November 10th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. NVIDIA has a consensus rating of “Buy” and an average price target of $192.04.

NVIDIA (NASDAQ:NVDA) traded up $2.57 on Friday, reaching $216.16. The company had a trading volume of 7,698,305 shares, compared to its average volume of 13,380,000. NVIDIA has a 12-month low of $95.17 and a 12-month high of $218.67. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. The firm has a market cap of $130,820.00, a price-to-earnings ratio of 54.04, a P/E/G ratio of 4.95 and a beta of 1.18.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.39. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the company earned $0.94 earnings per share. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. research analysts expect that NVIDIA will post 4.19 EPS for the current year.

In other NVIDIA news, EVP Debora Shoquist sold 33,498 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $189.24, for a total value of $6,339,161.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director A Brooke Seawell sold 1,029 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $214.10, for a total value of $220,308.90. Following the completion of the sale, the director now owns 1,029 shares in the company, valued at $220,308.90. The disclosure for this sale can be found here. Insiders sold 76,164 shares of company stock worth $14,793,096 over the last quarter. Company insiders own 5.82% of the company’s stock.

Large investors have recently made changes to their positions in the business. Welch Investments LLC bought a new stake in NVIDIA in the third quarter valued at $104,000. Evercore Wealth Management LLC grew its position in NVIDIA by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after acquiring an additional 206 shares during the period. Thompson Davis & CO. Inc. grew its position in NVIDIA by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the period. Edge Advisors LLC grew its position in NVIDIA by 98.8% in the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after acquiring an additional 415 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in shares of NVIDIA by 11.5% during the second quarter. Quadrant Capital Group LLC now owns 1,176 shares of the computer hardware maker’s stock worth $153,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 63.41% of the company’s stock.

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NVIDIA 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.

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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