NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a research note issued on Wednesday, The Fly reports. They currently have a $315.00 price objective on the computer hardware maker’s stock, up from their previous price objective of $255.00. Jefferies Financial Group’s target price would suggest a potential upside of 16.33% from the company’s previous close.
A number of other brokerages have also weighed in on NVDA. Zacks Investment Research upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $218.00 price objective for the company in a report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price objective on shares of NVIDIA from $200.00 to $237.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Nomura boosted their price objective on shares of NVIDIA from $147.00 to $200.00 in a report on Friday, November 15th. Craig Hallum restated a “positive” rating and issued a $300.00 price objective (up from $255.00) on shares of NVIDIA in a report on Monday, January 13th. Finally, Edward Jones assumed coverage on shares of NVIDIA in a report on Friday, December 20th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. NVIDIA currently has a consensus rating of “Buy” and a consensus price target of $243.18.
Shares of NVDA stock opened at $270.78 on Wednesday. The firm has a market cap of $165.72 billion, a price-to-earnings ratio of 69.25, a P/E/G ratio of 3.88 and a beta of 2.04. The company has a debt-to-equity ratio of 0.22, a quick ratio of 7.71 and a current ratio of 8.42. NVIDIA has a 52 week low of $132.60 and a 52 week high of $273.48. The firm’s 50-day simple moving average is $245.31 and its two-hundred day simple moving average is $203.66.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, February 13th. The computer hardware maker reported $1.89 EPS for the quarter, topping the consensus estimate of $1.34 by $0.55. NVIDIA had a net margin of 24.08% and a return on equity of 22.02%. During the same period last year, the business earned $0.80 EPS. Analysts forecast that NVIDIA will post 4.32 earnings per share for the current year.
In other NVIDIA news, Director A Brooke Seawell sold 20,000 shares of NVIDIA stock in a transaction on Monday, November 18th. The shares were sold at an average price of $212.75, for a total transaction of $4,255,000.00. Following the completion of the transaction, the director now directly owns 22,221 shares of the company’s stock, valued at $4,727,517.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 2,000 shares of NVIDIA stock in a transaction on Monday, January 6th. The stock was sold at an average price of $235.43, for a total transaction of $470,860.00. Following the transaction, the chief financial officer now directly owns 169,989 shares of the company’s stock, valued at $40,020,510.27. The disclosure for this sale can be found here. Insiders sold a total of 51,785 shares of company stock valued at $11,454,424 over the last 90 days. Company insiders own 4.64% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. PFG Advisors raised its holdings in NVIDIA by 2.5% during the third quarter. PFG Advisors now owns 2,579 shares of the computer hardware maker’s stock worth $466,000 after purchasing an additional 63 shares during the last quarter. Beacon Financial Group raised its stake in NVIDIA by 3.1% during the third quarter. Beacon Financial Group now owns 2,811 shares of the computer hardware maker’s stock valued at $483,000 after buying an additional 84 shares in the last quarter. First Personal Financial Services raised its stake in NVIDIA by 16.0% during the third quarter. First Personal Financial Services now owns 413 shares of the computer hardware maker’s stock valued at $72,000 after buying an additional 57 shares in the last quarter. Legacy Bridge LLC acquired a new stake in NVIDIA during the third quarter valued at approximately $1,045,000. Finally, First Financial Corp IN acquired a new stake in NVIDIA during the third quarter valued at approximately $716,000. Institutional investors and hedge funds own 65.23% 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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