NVIDIA Corporation (NASDAQ:NVDA) had its price target boosted by research analysts at Evercore ISI from $180.00 to $250.00 in a report released on Friday. The firm currently has an “outperform” rating on the computer hardware maker’s stock. Evercore ISI’s price objective points to a potential upside of 38.80% from the stock’s current price.
Other research analysts have also recently issued reports about the company. Bank of America Corporation upped their price objective on NVIDIA Corporation from $138.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. UBS AG reaffirmed a “buy” rating and set a $148.00 price objective (up from $135.00) on shares of NVIDIA Corporation in a research report on Friday, May 19th. Rosenblatt Securities reaffirmed a “buy” rating and set a $140.00 price objective on shares of NVIDIA Corporation in a research report on Friday, May 19th. Citigroup Inc. reissued a “buy” rating on shares of NVIDIA Corporation in a research report on Tuesday, May 30th. Finally, Vetr raised NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $143.94 target price for the company in a research report on Thursday, May 25th. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $149.13.
Shares of NVIDIA Corporation (NVDA) opened at 180.11 on Friday. The firm has a 50-day moving average price of $166.30 and a 200 day moving average price of $136.97. NVIDIA Corporation has a one year low of $62.74 and a one year high of $180.11. The firm has a market cap of $108.07 billion, a P/E ratio of 51.80 and a beta of 1.25.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. On average, analysts forecast that NVIDIA Corporation will post $3.61 earnings per share for the current fiscal year.
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In other news, Director Harvey C. Jones sold 145,520 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $159.31, for a total transaction of $23,182,791.20. Following the sale, the director now owns 30,762 shares in the company, valued at $4,900,694.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A Brooke Seawell sold 30,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $170.19, for a total value of $5,105,700.00. Following the sale, the director now owns 16,507 shares in the company, valued at approximately $2,809,326.33. The disclosure for this sale can be found here. Insiders have sold 502,210 shares of company stock worth $79,743,664 in the last 90 days. Insiders own 5.82% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Evercore Wealth Management LLC boosted its holdings in NVIDIA Corporation by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after acquiring an additional 206 shares during the last quarter. TB Alternative Assets Ltd. acquired a new position in NVIDIA Corporation in the second quarter valued at $116,000. Proficio Capital Partners LLC boosted its holdings in NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after acquiring an additional 547 shares during the last quarter. Thompson Davis & CO. Inc. boosted its holdings in NVIDIA Corporation by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after acquiring an additional 6 shares during the last quarter. Finally, Hanson McClain Inc. boosted its holdings in NVIDIA Corporation by 12.7% in the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after acquiring an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 65.85% of the company’s stock.
About NVIDIA Corporation
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at 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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