NVIDIA (NASDAQ:NVDA) PT Raised to $415.00

NVIDIA (NASDAQ:NVDA) had its price objective hoisted by investment analysts at Sanford C. Bernstein from $360.00 to $415.00 in a research note issued to investors on Friday, The Fly reports. The firm presently has an “outperform” rating on the computer hardware maker’s stock. Sanford C. Bernstein’s target price indicates a potential upside of 15.85% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Raymond James boosted their price objective on NVIDIA from $300.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Mizuho reiterated a “buy” rating and set a $400.00 price objective (up from $295.00) on shares of NVIDIA in a research note on Friday. Craig Hallum lowered NVIDIA from a “buy” rating to a “hold” rating and set a $300.00 price objective on the stock. in a research note on Monday, April 13th. Oppenheimer began coverage on NVIDIA in a research note on Friday, May 15th. They set a “buy” rating and a $350.00 price objective on the stock. Finally, SunTrust Banks boosted their price objective on NVIDIA from $327.00 to $384.00 and gave the company a “buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $335.54.

Shares of NASDAQ NVDA 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 current ratio of 7.67 and a quick ratio of 7.13. The business’s fifty day moving average price is $290.96 and its 200-day moving average price is $251.57. The stock has a market capitalization of $220.71 billion, a PE ratio of 79.25, a P/E/G ratio of 3.76 and a beta of 1.33.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, May 21st. The computer hardware maker reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. NVIDIA had a return on equity of 26.08% and a net margin of 25.60%. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The business’s revenue for the quarter was up 38.7% compared to the same quarter last year. As a group, equities analysts expect that NVIDIA will post 6.29 EPS for the current fiscal year.

In related news, Director James C. Gaither sold 15,669 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $269.41, for a total transaction of $4,221,385.29. Following the completion of the sale, the director now directly owns 2,221 shares in the company, valued at approximately $598,359.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert K. Burgess sold 20,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $222.33, for a total value of $4,446,600.00. Following the sale, the director now owns 13,935 shares of the company’s stock, valued at $3,098,168.55. The disclosure for this sale can be found here. Insiders sold a total of 105,669 shares of company stock valued at $27,025,985 over the last quarter. Company insiders own 4.64% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Equitable Trust Co. boosted its holdings in NVIDIA by 585.4% during the 1st quarter. Equitable Trust Co. now owns 13,894 shares of the computer hardware maker’s stock valued at $3,662,000 after acquiring an additional 11,867 shares during the period. LifeSteps Financial Inc. purchased a new stake in NVIDIA during the 1st quarter valued at about $215,000. Capital Advisors Inc. OK boosted its holdings in NVIDIA by 4,322.3% during the 1st quarter. Capital Advisors Inc. OK now owns 37,899 shares of the computer hardware maker’s stock valued at $9,990,000 after acquiring an additional 37,042 shares during the period. Phoenix Holdings Ltd. purchased a new stake in NVIDIA in the 1st quarter worth approximately $1,188,000. Finally, Johnson Investment Counsel Inc. lifted its holdings in NVIDIA by 8.5% in the 1st quarter. Johnson Investment Counsel Inc. now owns 6,602 shares of the computer hardware maker’s stock worth $1,740,000 after buying an additional 516 shares during the period. Institutional investors own 66.68% of the company’s stock.

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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