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.
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.
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