Credit Suisse Group began coverage on shares of NVIDIA (NASDAQ:NVDA) in a report released on Sunday. The brokerage set an “outperform” rating and a $145.00 price target on the computer hardware maker’s stock. Credit Suisse Group’s price target points to a potential downside of 11.28% from the company’s current price.
Several other research analysts also recently issued reports on NVDA. BidaskClub raised NVIDIA from a “sell” rating to a “hold” rating in a research note on Friday. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research note on Monday, November 26th. B. Riley reaffirmed a “neutral” rating and set a $190.00 price target (down previously from $240.00) on shares of NVIDIA in a research note on Friday, November 16th. Wells Fargo & Co cut their price target on NVIDIA from $315.00 to $235.00 and set an “outperform” rating for the company in a research note on Friday, November 16th. Finally, MKM Partners cut their price target on NVIDIA to $235.00 and set a “neutral” rating for the company in a research note on Friday, November 16th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-six have assigned a buy rating to the company. NVIDIA currently has a consensus rating of “Buy” and an average price target of $257.76.
Shares of NASDAQ:NVDA traded up $6.07 during midday trading on Friday, hitting $163.43. 18,191,052 shares of the stock were exchanged, compared to its average volume of 18,582,812. The company has a market capitalization of $99.69 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 2.38 and a beta of 2.01. The company has a quick ratio of 6.20, a current ratio of 7.08 and a debt-to-equity ratio of 0.21. NVIDIA has a twelve month low of $133.31 and a twelve month high of $292.76.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.06). The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.24 billion. NVIDIA had a return on equity of 51.60% and a net margin of 37.78%. As a group, equities analysts anticipate that NVIDIA will post 6.45 earnings per share for the current year.
In other news, insider Michael Byron sold 11,257 shares of the business’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $263.94, for a total transaction of $2,971,172.58. Following the completion of the sale, the insider now owns 81,414 shares in the company, valued at approximately $21,488,411.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 11,576 shares of the business’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $266.31, for a total value of $3,082,804.56. Following the sale, the chief financial officer now owns 297,482 shares of the company’s stock, valued at approximately $79,222,431.42. The disclosure for this sale can be found here. Insiders have sold a total of 113,707 shares of company stock valued at $32,347,973 in the last quarter. Company insiders own 4.70% of the company’s stock.
Large investors have recently modified their holdings of the company. Kwmg LLC purchased a new position in NVIDIA in the 2nd quarter worth approximately $105,000. Signature Estate & Investment Advisors LLC purchased a new position in NVIDIA in the 3rd quarter worth approximately $124,000. Almanack Investment Partners LLC. purchased a new position in NVIDIA in the 2nd quarter worth approximately $127,000. Ropes Wealth Advisors LLC boosted its holdings in NVIDIA by 561.8% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 589 shares of the computer hardware maker’s stock worth $140,000 after acquiring an additional 500 shares during the period. Finally, JFS Wealth Advisors LLC purchased a new position in NVIDIA in the 3rd quarter worth approximately $141,000. Institutional investors and hedge funds own 66.12% of the company’s stock.
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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