Nvidia (NASDAQ:NVDA) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.
NVDA has been the subject of several other research reports. Vetr raised shares of Nvidia from a “buy” rating to a “strong-buy” rating and set a $270.50 price objective for the company in a report on Thursday, March 1st. Goldman Sachs lowered shares of Nvidia from a “conviction-buy” rating to a “buy” rating and set a $281.00 price objective for the company. in a report on Thursday, February 1st. ValuEngine raised shares of Nvidia from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. B. Riley raised their price objective on shares of Nvidia from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Mizuho reaffirmed a “buy” rating and set a $240.00 price objective (up previously from $225.00) on shares of Nvidia in a report on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Nvidia has an average rating of “Buy” and a consensus price target of $217.16.
NASDAQ:NVDA opened at $228.71 on Thursday. Nvidia has a 12-month low of $100.36 and a 12-month high of $254.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34. The stock has a market capitalization of $139,035.64, a P/E ratio of 48.97, a price-to-earnings-growth ratio of 3.67 and a beta of 1.51.
In other Nvidia news, Director James C. Gaither sold 40,359 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $245.67, for a total value of $9,914,995.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Persis Drell sold 5,141 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 20,963 shares in the company, valued at $4,627,162.99. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,959 shares of company stock worth $22,692,182. Insiders own 4.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Country Trust Bank boosted 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 last quarter. Global Trust Asset Management LLC bought a new position in Nvidia in the fourth quarter valued at approximately $116,000. Clearbridge Investments LLC boosted 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 last quarter. North Star Investment Management Corp. boosted 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 last quarter. Finally, Crewe Advisors LLC bought a new position in Nvidia in the fourth quarter valued at approximately $148,000. 66.70% of the stock is currently owned by hedge funds and other institutional investors.
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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