NVIDIA’s (NVDA) “Buy” Rating Reaffirmed at Mizuho

NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reissued by equities researchers at Mizuho in a research note issued to investors on Friday, Marketbeat reports. They currently have a $265.00 target price on the computer hardware maker’s stock, up from their prior target price of $240.00. Mizuho’s price objective indicates a potential upside of 14.18% from the stock’s previous close.

NVDA has been the topic of several other research reports. Goldman Sachs Group cut shares of NVIDIA from a “conviction-buy” rating to a “buy” rating and set a $281.00 target price on the stock. in a research note on Thursday, February 1st. Vetr cut shares of NVIDIA from a “strong-buy” rating to a “buy” rating and set a $217.46 target price on the stock. in a research note on Wednesday, January 3rd. Bank of America set a $210.00 target price on shares of NVIDIA and gave the company a “buy” rating in a research note on Thursday, October 12th. BidaskClub cut shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Needham & Company LLC increased their price objective on shares of NVIDIA from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $210.67.

NVIDIA (NASDAQ:NVDA) traded up $14.56 on Friday, reaching $232.08. 41,044,898 shares of the company’s stock traded hands, compared to its average volume of 14,810,000. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. The company has a market cap of $150,050.00, a PE ratio of 48.05, a P/E/G ratio of 4.53 and a beta of 1.43. NVIDIA has a 1-year low of $95.17 and a 1-year high of $249.27.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.56. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. NVIDIA had a net margin of 31.36% and a return on equity of 47.44%. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 EPS. research analysts forecast that NVIDIA will post 4.68 earnings per share for the current fiscal year.

In related news, Director A Brooke Seawell sold 1,029 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was 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 directly owns 1,029 shares in the company, valued at $220,308.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Persis Drell sold 606 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the completion of the sale, the director now owns 26,104 shares of the company’s stock, valued at $5,144,315.28. The disclosure for this sale can be found here. Over the last 90 days, insiders 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 and hedge funds have recently modified their holdings of NVDA. Whale Rock Capital Management LLC bought a new stake in shares of NVIDIA during the third quarter worth $93,171,000. Old Mutual Global Investors UK Ltd. lifted its position in shares of NVIDIA by 71.3% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 1,028,663 shares of the computer hardware maker’s stock worth $199,046,000 after purchasing an additional 428,046 shares during the last quarter. Zevenbergen Capital Investments LLC lifted its position in shares of NVIDIA by 957.5% during the third quarter. Zevenbergen Capital Investments LLC now owns 391,565 shares of the computer hardware maker’s stock worth $70,000,000 after purchasing an additional 354,537 shares during the last quarter. Global X Management Co. LLC lifted its position in shares of NVIDIA by 124.8% during the fourth quarter. Global X Management Co. LLC now owns 616,045 shares of the computer hardware maker’s stock worth $119,205,000 after purchasing an additional 342,038 shares during the last quarter. Finally, Swedbank lifted its position in shares of NVIDIA by 21.0% during the third quarter. Swedbank now owns 1,690,684 shares of the computer hardware maker’s stock worth $302,244,000 after purchasing an additional 293,832 shares during the last quarter. Institutional investors own 62.84% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “NVIDIA’s (NVDA) “Buy” Rating Reaffirmed at Mizuho” was originally reported by American Banking News and is owned by of American Banking News. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2018/02/10/nvidias-nvda-buy-rating-reaffirmed-at-mizuho.html.

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)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply