Mizuho reiterated their positive rating on shares of NVIDIA Corporation (NASDAQ:NVDA) in a report released on Monday morning, The Fly reports. They currently have a $220.00 target price on the computer hardware maker’s stock, up from their prior target price of $180.00.
Several other equities research analysts have also weighed in on the company. Zacks Investment Research raised NVIDIA Corporation from a hold rating to a strong-buy rating and set a $169.00 price objective for the company in a report on Tuesday, July 11th. Canaccord Genuity reissued a buy rating and issued a $190.00 price objective on shares of NVIDIA Corporation in a report on Friday, September 8th. BidaskClub raised NVIDIA Corporation from a buy rating to a strong-buy rating in a report on Monday, July 24th. Jefferies Group LLC lowered NVIDIA Corporation from a buy rating to an underperform rating and lifted their price objective for the stock from $140.00 to $180.00 in a report on Monday, July 10th. Finally, Evercore ISI lifted their price objective on NVIDIA Corporation from $180.00 to $250.00 and gave the stock an outperform rating in a report on Friday, September 15th. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NVIDIA Corporation presently has a consensus rating of Hold and an average price target of $160.31.
NVIDIA Corporation (NASDAQ NVDA) opened at 194.41 on Monday. The firm has a market capitalization of $116.65 billion, a P/E ratio of 55.91 and a beta of 1.28. NVIDIA Corporation has a 12-month low of $66.30 and a 12-month high of $195.47. The firm has a 50 day moving average of $179.00 and a 200 day moving average of $150.54.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the firm posted $0.53 EPS. The firm’s revenue for the quarter was up 56.2% on a year-over-year basis. On average, analysts forecast that NVIDIA Corporation will post $3.63 EPS for the current fiscal year.
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In other NVIDIA Corporation news, CFO Colette Kress sold 22,808 shares of the business’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $185.31, for a total value of $4,226,550.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark L. Perry sold 16,281 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $162.24, for a total value of $2,641,429.44. Following the completion of the sale, the director now directly owns 48,069 shares in the company, valued at $7,798,714.56. The disclosure for this sale can be found here. Insiders sold 452,784 shares of company stock worth $81,437,724 over the last three months. Corporate insiders own 5.82% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in NVDA. 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 worth $110,000 after acquiring an additional 206 shares in the last quarter. TB Alternative Assets Ltd. bought a new position in shares of NVIDIA Corporation during the second quarter valued at $116,000. Proficio Capital Partners LLC lifted its holdings in shares of NVIDIA Corporation by 186.1% during the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after purchasing an additional 547 shares in the last quarter. Thompson Davis & CO. Inc. lifted its holdings in shares of NVIDIA Corporation by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after purchasing an additional 6 shares in the last quarter. Finally, Hanson McClain Inc. lifted its holdings in shares of NVIDIA Corporation by 12.7% during the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after purchasing an additional 99 shares in the last quarter. 65.79% of the stock is currently owned by institutional investors and hedge funds.
NVIDIA Corporation Company Profile
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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