NVIDIA (NASDAQ:NVDA)‘s stock had its “outperform” rating reiterated by Royal Bank of Canada in a report issued on Wednesday, Marketbeat.com reports. They currently have a $285.00 target price on the computer hardware maker’s stock, up from their prior target price of $280.00. Royal Bank of Canada’s target price would indicate a potential upside of 14.58% from the stock’s current price.
Several other analysts have also weighed in on the company. SunTrust Banks reaffirmed a “buy” rating and issued a $305.00 price objective (up from $253.00) on shares of NVIDIA in a research note on Friday, February 9th. Mizuho reaffirmed a “buy” rating and issued a $225.00 price objective on shares of NVIDIA in a research note on Tuesday, November 28th. Vetr raised NVIDIA from a “buy” rating to a “strong-buy” rating and set a $218.94 price objective on the stock in a research note on Monday, January 1st. Canaccord Genuity raised their price objective on NVIDIA from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Finally, Morgan Stanley increased their target price on NVIDIA from $222.00 to $258.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. NVIDIA presently has a consensus rating of “Buy” and an average target price of $212.38.
Shares of NVIDIA (NASDAQ NVDA) opened at $248.74 on Wednesday. The firm has a market capitalization of $150,490.00, a PE ratio of 53.96, a P/E/G ratio of 3.88 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34. NVIDIA has a 12 month low of $95.49 and a 12 month high of $254.50.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.56. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. NVIDIA’s revenue was up 34.0% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share. equities analysts predict that NVIDIA will post 6.22 EPS for the current fiscal year.
In other NVIDIA news, Director James C. Gaither sold 40,359 shares of NVIDIA stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $245.67, for a total value of $9,914,995.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Persis Drell sold 606 shares of NVIDIA stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the completion of the sale, the director now owns 26,104 shares of the company’s stock, valued at $5,144,315.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,375 shares of company stock valued at $14,002,701. 5.82% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Welch Investments LLC acquired a new stake in NVIDIA in the third quarter valued at approximately $104,000. Country Trust Bank grew its stake in NVIDIA by 490.0% in the fourth quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after acquiring an additional 490 shares during the period. Global Trust Asset Management LLC acquired a new stake in NVIDIA in the fourth quarter valued at approximately $116,000. Clearbridge Investments LLC grew its stake in NVIDIA by 100.0% in the fourth quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker’s stock valued at $116,000 after acquiring an additional 300 shares during the period. Finally, North Star Investment Management Corp. grew its stake in NVIDIA by 67.3% in the fourth quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after acquiring an additional 255 shares during the period. Institutional investors and hedge funds own 67.01% of the company’s stock.
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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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