NVIDIA (NASDAQ:NVDA) had its price target lifted by analysts at Benchmark from $320.00 to $410.00 in a research note issued on Friday, Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the computer hardware maker’s stock. Benchmark’s price target indicates a potential upside of 14.46% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. Sanford C. Bernstein raised their price objective on shares of NVIDIA from $360.00 to $415.00 and gave the stock an “outperform” rating in a research note on Friday. Goldman Sachs Group reissued a “buy” rating on shares of NVIDIA in a report on Tuesday, February 18th. Craig Hallum lowered shares of NVIDIA from a “buy” rating to a “hold” rating and set a $300.00 price objective on the stock. in a report on Monday, April 13th. Credit Suisse Group initiated coverage on shares of NVIDIA in a report on Thursday. They issued an “outperform” rating and a $425.00 price target on the stock. Finally, Needham & Company LLC lifted their price target on shares of NVIDIA from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Friday. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. NVIDIA presently has a consensus rating of “Buy” and a consensus target price of $335.54.
Shares of NVIDIA stock opened at $358.21 on Friday. NVIDIA has a one year low of $132.60 and a one year 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. The stock has a market cap of $220.71 billion, a P/E ratio of 79.25, a P/E/G ratio of 3.76 and a beta of 1.33. The stock’s fifty day moving average is $290.96 and its 200 day moving average is $251.57.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.44. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3 billion. NVIDIA had a return on equity of 26.08% and a net margin of 25.60%. NVIDIA’s revenue for the quarter was up 38.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 EPS. Analysts predict that NVIDIA will post 6.29 EPS for the current year.
In related news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $266.02, for a total transaction of $2,660,200.00. Following the completion of the sale, the director now owns 160,545 shares of the company’s stock, valued at approximately $42,708,180.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert K. Burgess sold 20,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $222.33, for a total transaction of $4,446,600.00. Following the sale, the director now directly owns 13,935 shares of the company’s stock, valued at approximately $3,098,168.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 105,669 shares of company stock valued at $27,025,985. 4.64% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Accurate Investment Solutions Inc. grew its stake in shares of NVIDIA by 111.1% in the 1st quarter. Accurate Investment Solutions Inc. now owns 95 shares of the computer hardware maker’s stock valued at $25,000 after buying an additional 50 shares during the period. PrairieView Partners LLC purchased a new stake in shares of NVIDIA in the 1st quarter valued at approximately $26,000. Stonebridge Financial Planning Group LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Howard Wealth Management LLC acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $28,000. Finally, Braun Bostich & Associates Inc. acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $30,000. 66.68% of the stock is owned by institutional investors and hedge funds.
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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