NVIDIA (NVDA) Price Target Raised to $225.00 at Nomura

NVIDIA (NASDAQ:NVDA) had its price target hoisted by research analysts at Nomura to $225.00 in a research report issued on Friday. The firm currently has a “neutral” rating on the computer hardware maker’s stock. Nomura’s price objective points to a potential downside of 3.05% from the company’s current price.

A number of other equities analysts have also issued reports on NVDA. Royal Bank of Canada increased their price objective on NVIDIA from $205.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 12th. Bank of America set a $210.00 price objective on NVIDIA and gave the stock a “buy” rating in a report on Thursday, October 12th. Needham & Company LLC increased their price objective on NVIDIA from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Mizuho reissued a “positive” rating and issued a $220.00 price objective (up from $180.00) on shares of NVIDIA in a report on Monday, October 16th. Finally, Jefferies Group increased their price objective on NVIDIA from $180.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $210.67.

NVIDIA (NASDAQ NVDA) traded up $14.56 during trading hours on Friday, hitting $232.08. The stock had a trading volume of 41,815,578 shares, compared to its average volume of 14,810,000. The company has a market capitalization of $140,640.00, a price-to-earnings ratio of 58.02, a PEG ratio of 4.77 and a beta of 1.43. NVIDIA has a 52 week low of $95.17 and a 52 week high of $249.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.56. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The business’s revenue was up 34.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 earnings per share. sell-side analysts forecast that NVIDIA will post 4.2 EPS for the current fiscal year.

In related news, Director A Brooke Seawell sold 1,029 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $214.10, for a total transaction of $220,308.90. Following the completion of the sale, the director now directly owns 1,029 shares in the company, valued at $220,308.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 171 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $185.57, for a total value of $31,732.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,858 shares of company stock valued at $4,227,384. 5.82% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Gofen & Glossberg LLC IL increased its position in NVIDIA by 0.6% during the second quarter. Gofen & Glossberg LLC IL now owns 16,077 shares of the computer hardware maker’s stock worth $2,324,000 after buying an additional 100 shares during the last quarter. Covington Capital Management increased its position in NVIDIA by 1.4% during the second quarter. Covington Capital Management now owns 11,260 shares of the computer hardware maker’s stock worth $1,628,000 after buying an additional 155 shares during the last quarter. Raymond James Trust N.A. increased its position in NVIDIA by 1.7% during the fourth quarter. Raymond James Trust N.A. now owns 12,693 shares of the computer hardware maker’s stock worth $2,457,000 after buying an additional 217 shares during the last quarter. Spectrum Management Group Inc. increased its position in NVIDIA by 10.3% during the fourth quarter. Spectrum Management Group Inc. now owns 2,360 shares of the computer hardware maker’s stock worth $457,000 after buying an additional 220 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its position in NVIDIA by 4.5% during the fourth quarter. First Citizens Bank & Trust Co. now owns 5,477 shares of the computer hardware maker’s stock worth $1,060,000 after buying an additional 238 shares during the last quarter. 62.84% of the stock is currently owned by hedge funds and other institutional investors.

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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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