NVIDIA (NASDAQ:NVDA – Get Rating) had its price objective raised by research analysts at Oppenheimer from $225.00 to $250.00 in a research report issued to clients and investors on Friday, The Fly reports. Oppenheimer’s target price points to a potential upside of 13.63% from the company’s current price.
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Several other research firms also recently weighed in on NVDA. DZ Bank downgraded shares of NVIDIA from a “buy” rating to a “sell” rating and set a $195.00 price target for the company. in a research note on Thursday. Mizuho dropped their target price on NVIDIA from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 17th. Credit Suisse Group reissued an “outperform” rating and set a $210.00 price target (up from $205.00) on shares of NVIDIA in a research report on Wednesday, November 16th. Cowen upped their price target on NVIDIA from $200.00 to $220.00 in a research report on Monday, December 12th. Finally, Bank of America increased their price target on NVIDIA from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $212.72.
NVIDIA Stock Down 3.3 %
Shares of NVDA stock opened at $220.02 on Friday. The company has a 50 day simple moving average of $179.02 and a two-hundred day simple moving average of $159.29. The company has a current ratio of 3.39, a quick ratio of 2.74 and a debt-to-equity ratio of 0.45. The stock has a market cap of $547.85 billion, a P/E ratio of 93.63, a P/E/G ratio of 6.19 and a beta of 1.79. NVIDIA has a 12 month low of $108.13 and a 12 month high of $289.46.
NVIDIA (NASDAQ:NVDA – Get Rating) last released its quarterly earnings results on Wednesday, November 16th. The computer hardware maker reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). NVIDIA had a return on equity of 30.75% and a net margin of 20.85%. The firm had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.82 billion. During the same period in the prior year, the firm posted $1.01 earnings per share. NVIDIA’s revenue for the quarter was down 16.5% on a year-over-year basis. On average, research analysts expect that NVIDIA will post 2.19 earnings per share for the current year.
In related news, insider Donald F. Robertson, Jr. sold 2,494 shares of the firm’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $167.89, for a total transaction of $418,717.66. Following the sale, the insider now directly owns 56,617 shares in the company, valued at approximately $9,505,428.13. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 2,494 shares of NVIDIA stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $167.89, for a total transaction of $418,717.66. Following the sale, the insider now directly owns 56,617 shares in the company, valued at approximately $9,505,428.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 293 shares of NVIDIA stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $165.80, for a total value of $48,579.40. Following the sale, the director now owns 2,417 shares in the company, valued at $400,738.60. The disclosure for this sale can be found here. Insiders have sold 262,060 shares of company stock valued at $43,817,257 in the last three months. Corporate insiders own 4.04% of the company’s stock.
Institutional Investors Weigh In On NVIDIA
A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of NVIDIA by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 203,747,246 shares of the computer hardware maker’s stock valued at $24,732,878,000 after acquiring an additional 2,326,387 shares during the last quarter. State Street Corp boosted its position in NVIDIA by 0.9% during the 3rd quarter. State Street Corp now owns 98,751,264 shares of the computer hardware maker’s stock valued at $11,987,416,000 after purchasing an additional 908,481 shares during the period. Price T Rowe Associates Inc. MD boosted its position in NVIDIA by 9.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,956,988 shares of the computer hardware maker’s stock valued at $8,323,694,000 after purchasing an additional 5,043,685 shares during the period. Geode Capital Management LLC boosted its position in NVIDIA by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 45,788,952 shares of the computer hardware maker’s stock valued at $6,679,427,000 after purchasing an additional 692,636 shares during the period. Finally, Morgan Stanley boosted its position in NVIDIA by 20.2% during the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after purchasing an additional 4,621,002 shares during the period. 61.80% 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 following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, 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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