NVIDIA (NASDAQ:NVDA) had its price objective boosted by equities research analysts at Craig Hallum from $300.00 to $335.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage currently has a “hold” rating on the computer hardware maker’s stock. Craig Hallum’s price objective would indicate a potential downside of 4.56% from the company’s previous close.
A number of other research analysts have also weighed in on the company. Cascend Securities raised their price objective on NVIDIA from $330.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Morgan Stanley raised their price objective on NVIDIA from $268.00 to $282.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Barclays reaffirmed a “buy” rating and issued a $300.00 target price on shares of NVIDIA in a research report on Friday, February 14th. Needham & Company LLC boosted their price objective on NVIDIA from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada boosted their target price on NVIDIA from $350.00 to $385.00 and gave the stock an “outperform” rating in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $334.73.
NVIDIA stock opened at $351.01 on Friday. The company’s fifty day moving average price is $290.96 and its 200 day moving average price is $251.57. NVIDIA has a 1 year low of $132.60 and a 1 year high of $363.50. The stock has a market capitalization of $220.71 billion, a P/E ratio of 77.66, a P/E/G ratio of 3.76 and a beta of 1.33. 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 released its quarterly earnings results on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.60. NVIDIA had a net margin of 25.60% and a return on equity of 26.08%. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter last year, the company earned $0.88 EPS. The firm’s revenue for the quarter was up 38.7% compared to the same quarter last year. Sell-side analysts predict that NVIDIA will post 6.29 EPS 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 sale, the director now owns 2,221 shares of the company’s stock, valued at $598,359.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 60,000 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $261.63, for a total value of $15,697,800.00. The disclosure for this sale can be found here. Insiders have sold 105,669 shares of company stock worth $27,025,985 in the last ninety days. 4.64% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. FMR LLC lifted its position in shares of NVIDIA by 1.8% in the first quarter. FMR LLC now owns 49,860,097 shares of the computer hardware maker’s stock valued at $8,952,880,000 after acquiring an additional 858,116 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of NVIDIA by 1.3% in the second quarter. Vanguard Group Inc. now owns 47,688,150 shares of the computer hardware maker’s stock valued at $2,241,821,000 after acquiring an additional 601,606 shares in the last quarter. Vanguard Group Inc lifted its position in shares of NVIDIA by 4.0% in the third quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after acquiring an additional 1,693,736 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of NVIDIA by 6.1% in the first quarter. BlackRock Inc. now owns 42,753,245 shares of the computer hardware maker’s stock valued at $11,269,755,000 after acquiring an additional 2,439,025 shares in the last quarter. 66.68% of the stock is currently owned by institutional investors.
NVIDIA Company Profile
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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