NVIDIA Co. (NASDAQ:NVDA) has been assigned an average rating of “Buy” from the thirty-eight brokerages that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and twenty-six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $252.17.
Several brokerages recently issued reports on NVDA. ValuEngine cut NVIDIA from a “hold” rating to a “sell” rating in a research report on Monday, November 12th. Royal Bank of Canada dropped their price target on NVIDIA from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday. Raymond James lowered their price objective on NVIDIA from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, November 16th. Deutsche Bank lowered their price objective on NVIDIA from $260.00 to $190.00 and set a “hold” rating on the stock in a report on Friday, November 16th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $190.00 price objective (down previously from $240.00) on shares of NVIDIA in a report on Friday, November 16th.
In other news, EVP Ajay K. Puri sold 90,831 shares of the business’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $289.35, for a total transaction of $26,281,949.85. Following the sale, the executive vice president now owns 184,001 shares of the company’s stock, valued at approximately $53,240,689.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 889 shares of the business’s stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $147.91, for a total value of $131,491.99. Following the sale, the chief financial officer now directly owns 259,912 shares in the company, valued at approximately $38,443,583.92. The disclosure for this sale can be found here. 4.70% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Boston Family Office LLC raised its position in shares of NVIDIA by 141.7% during the 3rd quarter. Boston Family Office LLC now owns 2,175 shares of the computer hardware maker’s stock worth $611,000 after purchasing an additional 1,275 shares during the last quarter. Whittier Trust Co. raised its position in shares of NVIDIA by 18.3% during the 3rd quarter. Whittier Trust Co. now owns 29,872 shares of the computer hardware maker’s stock worth $8,394,000 after purchasing an additional 4,616 shares during the last quarter. Chicago Equity Partners LLC raised its position in shares of NVIDIA by 1.1% during the 3rd quarter. Chicago Equity Partners LLC now owns 31,020 shares of the computer hardware maker’s stock worth $8,717,000 after purchasing an additional 350 shares during the last quarter. OppenheimerFunds Inc. raised its position in shares of NVIDIA by 8,302.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 311,478 shares of the computer hardware maker’s stock worth $73,789,000 after purchasing an additional 307,771 shares during the last quarter. Finally, Advisor Partners LLC raised its position in shares of NVIDIA by 5.0% during the 3rd quarter. Advisor Partners LLC now owns 16,269 shares of the computer hardware maker’s stock worth $4,572,000 after purchasing an additional 779 shares during the last quarter. 67.48% of the stock is currently owned by institutional investors and hedge funds.
NVDA stock traded up $2.48 during trading on Friday, hitting $133.65. The company had a trading volume of 15,702,274 shares, compared to its average volume of 13,710,813. The stock has a market capitalization of $81.19 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 1.93 and a beta of 1.97. NVIDIA has a 1-year low of $124.46 and a 1-year high of $292.76. The company has a quick ratio of 6.20, a current ratio of 7.08 and a debt-to-equity ratio of 0.21.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.06). The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.24 billion. NVIDIA had a net margin of 37.78% and a return on equity of 51.60%. Analysts expect that NVIDIA will post 6.45 earnings per share for the current fiscal year.
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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