Mizuho Reiterates “Positive” Rating for NVIDIA Corporation (NVDA)

NVIDIA Corporation (NASDAQ:NVDA)‘s stock had its “positive” rating reiterated by investment analysts at Mizuho in a note issued to investors on Monday. They currently have a $220.00 target price on the computer hardware maker’s stock, up from their previous target price of $180.00. Mizuho’s price target would indicate a potential upside of 11.25% from the company’s current price.

A number of other brokerages have also recently issued reports on NVDA. Needham & Company LLC lifted their price objective on shares of NVIDIA Corporation from $200.00 to $250.00 and gave the company a “buy” rating in a report on Friday, October 13th. Royal Bank Of Canada lifted their price objective on shares of NVIDIA Corporation from $205.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 12th. Bank of America Corporation set a $210.00 price objective on shares of NVIDIA Corporation and gave the company a “buy” rating in a report on Thursday, October 12th. B. Riley reiterated a “buy” rating and set a $200.00 price objective on shares of NVIDIA Corporation in a report on Tuesday, October 10th. Finally, Vetr upgraded shares of NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $196.86 price objective for the company in a report on Tuesday, October 10th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. NVIDIA Corporation currently has an average rating of “Hold” and an average target price of $160.31.

NVIDIA Corporation (NASDAQ NVDA) opened at 197.75 on Monday. NVIDIA Corporation has a 1-year low of $65.52 and a 1-year high of $198.90. The firm has a market capitalization of $118.65 billion, a P/E ratio of 56.87 and a beta of 1.28. The stock’s 50 day moving average is $176.52 and its 200-day moving average is $148.92.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.32. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business’s revenue was up 56.2% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. Analysts forecast that NVIDIA Corporation will post $3.63 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Mizuho Reiterates “Positive” Rating for NVIDIA Corporation (NVDA)” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/18/mizuho-reiterates-positive-rating-for-nvidia-corporation-nvda.html.

In other NVIDIA Corporation news, EVP Debora Shoquist sold 33,498 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $189.24, for a total value of $6,339,161.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tench Coxe sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $189.62, for a total transaction of $9,481,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 452,784 shares of company stock valued at $81,437,724. Corporate insiders own 5.17% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in NVDA. Evercore Wealth Management LLC grew its stake in NVIDIA Corporation by 36.9% in the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after buying an additional 206 shares in the last quarter. TB Alternative Assets Ltd. purchased a new position in NVIDIA Corporation in the 2nd quarter worth approximately $116,000. Proficio Capital Partners LLC grew its stake in NVIDIA Corporation by 186.1% in the 1st quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after buying an additional 547 shares in the last quarter. Thompson Davis & CO. Inc. grew its stake in NVIDIA Corporation by 0.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after buying an additional 6 sha

A number of other brokerages have also recently issued reports on NVDA. Needham & Company LLC lifted their price objective on shares of NVIDIA Corporation from $200.00 to $250.00 and gave the company a “buy” rating in a report on Friday, October 13th. Royal Bank Of Canada lifted their price objective on shares of NVIDIA Corporation from $205.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 12th. Bank of America Corporation set a $210.00 price objective on shares of NVIDIA Corporation and gave the company a “buy” rating in a report on Thursday, October 12th. B. Riley reiterated a “buy” rating and set a $200.00 price objective on shares of NVIDIA Corporation in a report on Tuesday, October 10th. Finally, Vetr upgraded shares of NVIDIA Corporation from a “hold” rating to a “buy” rating and set a $196.86 price objective for the company in a report on Tuesday, October 10th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. NVIDIA Corporation currently has an average rating of “Hold” and an average target price of $160.31.

NVIDIA Corporation (NASDAQ NVDA) opened at 197.75 on Monday. NVIDIA Corporation has a 1-year low of $65.52 and a 1-year high of $198.90. The firm has a market capitalization of $118.65 billion, a P/E ratio of 56.87 and a beta of 1.28. The stock’s 50 day moving average is $176.52 and its 200-day moving average is $148.92.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.32. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business’s revenue was up 56.2% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. Analysts forecast that NVIDIA Corporation will post $3.63 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Mizuho Reiterates “Positive” Rating for NVIDIA Corporation (NVDA)” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/18/mizuho-reiterates-positive-rating-for-nvidia-corporation-nvda.html.

In other NVIDIA Corporation news, EVP Debora Shoquist sold 33,498 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $189.24, for a total value of $6,339,161.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tench Coxe sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $189.62, for a total transaction of $9,481,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 452,784 shares of company stock valued at $81,437,724. Corporate insiders own 5.17% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in NVDA. Evercore Wealth Management LLC grew its stake in NVIDIA Corporation by 36.9% in the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after buying an additional 206 shares in the last quarter. TB Alternative Assets Ltd. purchased a new position in NVIDIA Corporation in the 2nd quarter worth approximately $116,000. Proficio Capital Partners LLC grew its stake in NVIDIA Corporation by 186.1% in the 1st quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after buying an additional 547 shares in the last quarter. Thompson Davis & CO. Inc. grew its stake in NVIDIA Corporation by 0.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after buying an additional 6 shares in the last quarter. Finally, Hanson McClain Inc. grew its stake in NVIDIA Corporation by 12.7% in the 2nd quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after buying an additional 99 shares in the last quarter. 65.79% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for NVIDIA Corporation (NASDAQ:NVDA)

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