NVIDIA (NASDAQ:NVDA) had its price objective boosted by stock analysts at Nomura from $230.00 to $260.00 in a research report issued on Friday, The Fly reports. Nomura’s price target points to a potential downside of 27.42% from the company’s previous close.
A number of other brokerages have also weighed in on NVDA. Cowen raised their target price on NVIDIA from $325.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday. BidaskClub upgraded NVIDIA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 1st. Wedbush lifted their price objective on NVIDIA from $340.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday. Mizuho reiterated a “buy” rating and issued a $400.00 price objective (up from $295.00) on shares of NVIDIA in a research report on Friday. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $405.00 price objective (up from $305.00) on shares of NVIDIA in a research report on Friday. Four analysts have rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $335.54.
Shares of NASDAQ NVDA opened at $358.21 on Friday. The stock has a market cap of $220.71 billion, a PE ratio of 79.25, a PEG ratio of 3.76 and a beta of 1.33. The business has a fifty day moving average of $290.96 and a two-hundred day moving average of $251.57. NVIDIA has a 52-week low of $132.60 and a 52-week high of $363.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 7.13 and a current ratio of 7.67.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.44. NVIDIA had a return on equity of 26.08% and a net margin of 25.60%. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period last year, the business earned $0.88 earnings per share. The business’s revenue was up 38.7% on a year-over-year basis. Analysts predict that NVIDIA will post 6.29 earnings per share for the current year.
In other NVIDIA news, Director James C. Gaither sold 15,669 shares of the company’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $269.41, for a total value of $4,221,385.29. Following the transaction, the director now directly owns 2,221 shares of the company’s stock, valued at approximately $598,359.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $266.02, for a total value of $2,660,200.00. Following the completion of the transaction, the director now directly owns 160,545 shares in the company, valued at $42,708,180.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,669 shares of company stock worth $27,025,985. Insiders own 4.64% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Accurate Investment Solutions Inc. lifted its position in shares of NVIDIA by 111.1% during the 1st quarter. Accurate Investment Solutions Inc. now owns 95 shares of the computer hardware maker’s stock valued at $25,000 after acquiring an additional 50 shares during the period. PrairieView Partners LLC bought a new stake in shares of NVIDIA during the 1st quarter valued at $26,000. Stonebridge Financial Planning Group LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $28,000. Howard Wealth Management LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $28,000. Finally, Braun Bostich & Associates Inc. bought a new stake in shares of NVIDIA during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 66.68% of the company’s stock.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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