BidaskClub Upgrades Nvidia (NVDA) to Strong-Buy

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.

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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.



Nvidia (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.56. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. Nvidia had a net margin of 31.36% and a return on equity of 45.02%. The company’s revenue was up 34.0% on a year-over-year basis. During the same quarter last year, the business posted $1.13 earnings per share. equities analysts predict that Nvidia will post 6.09 EPS for the current fiscal year.

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.

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About Nvidia

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.

Analyst Recommendations for Nvidia (NASDAQ:NVDA)

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