BidaskClub downgraded shares of Nvidia (NASDAQ:NVDA) from a strong-buy rating to a buy rating in a research report report published on Tuesday, April 10th.
Several other equities analysts also recently commented on NVDA. Vetr downgraded shares of Nvidia from a strong-buy rating to a buy rating and set a $220.79 price target for the company. in a research note on Monday, December 18th. Goldman Sachs reiterated a buy rating and set a $228.00 target price on shares of Nvidia in a research note on Friday, January 5th. B. Riley reiterated a buy rating and set a $270.00 target price on shares of Nvidia in a research note on Monday, January 8th. Zacks Investment Research downgraded shares of Nvidia from a strong-buy rating to a hold rating in a research note on Monday, January 15th. Finally, Mizuho reiterated a buy rating and set a $240.00 target price (up previously from $225.00) on shares of Nvidia in a research note on Tuesday, January 16th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Nvidia has an average rating of Buy and an average price target of $217.16.
Shares of NVDA stock traded up $6.13 during trading on Tuesday, hitting $237.62. 9,084,700 shares of the stock traded hands, compared to its average volume of 16,344,597. Nvidia has a 52-week low of $97.60 and a 52-week high of $254.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 7.34 and a current ratio of 8.03. The firm has a market cap of $140,528.95, a PE ratio of 50.82, a PEG ratio of 3.71 and a beta of 1.51.
Nvidia (NASDAQ:NVDA) last posted its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.56. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. Nvidia had a net margin of 31.36% and a return on equity of 45.02%. The firm’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 EPS. equities research analysts predict that Nvidia will post 6.09 EPS for the current fiscal year.
In other Nvidia news, Director Persis Drell sold 5,141 shares of the company’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $220.73, for a total transaction of $1,134,772.93. Following the transaction, the director now directly owns 20,963 shares in the company, valued at $4,627,162.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James C. Gaither sold 40,359 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $245.67, for a total transaction of $9,914,995.53. The disclosure for this sale can be found here. Insiders have sold 94,959 shares of company stock worth $22,692,182 over the last 90 days. 4.70% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Raymond James Trust N.A. grew its position in shares of Nvidia by 1.7% in the fourth quarter. Raymond James Trust N.A. now owns 12,693 shares of the computer hardware maker’s stock valued at $2,457,000 after purchasing an additional 217 shares during the last quarter. Spectrum Management Group Inc. lifted its stake in shares of Nvidia by 10.3% during the fourth quarter. Spectrum Management Group Inc. now owns 2,360 shares of the computer hardware maker’s stock valued at $457,000 after buying an additional 220 shares during the period. Baker Avenue Asset Management LP lifted its stake in shares of Nvidia by 3.9% during the fourth quarter. Baker Avenue Asset Management LP now owns 6,302 shares of the computer hardware maker’s stock valued at $1,219,000 after buying an additional 237 shares during the period. First Citizens Bank & Trust Co. lifted its stake in shares of Nvidia by 4.5% during the fourth quarter. First Citizens Bank & Trust Co. now owns 5,477 shares of the computer hardware maker’s stock valued at $1,060,000 after buying an additional 238 shares during the period. Finally, V Wealth Management LLC lifted its stake in shares of Nvidia by 16.4% during the fourth quarter. V Wealth Management LLC now owns 1,720 shares of the computer hardware maker’s stock valued at $380,000 after buying an additional 242 shares during the period. Institutional investors and hedge funds own 66.70% of the company’s stock.
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Nvidia Company Profile
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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