NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reaffirmed by equities research analysts at Goldman Sachs Group in a research note issued to investors on Friday, January 5th. They presently have a $228.00 target price on the computer hardware maker’s stock. Goldman Sachs Group’s target price points to a potential downside of 7.24% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. Sanford C. Bernstein restated an “outperform” rating on shares of NVIDIA in a research report on Saturday, September 23rd. SunTrust Banks restated a “buy” rating and issued a $200.00 price target (up previously from $181.00) on shares of NVIDIA in a research report on Monday, October 2nd. Craig Hallum reiterated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Saturday, September 23rd. Citigroup reiterated a “buy” rating and issued a $240.00 price objective on shares of NVIDIA in a research note on Friday, November 10th. Finally, Loop Capital lifted their price objective on shares of NVIDIA from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $196.08.
NVIDIA (NASDAQ NVDA) opened at $245.80 on Friday. The stock has a market cap of $148,950.00, a P/E ratio of 61.45, a PEG ratio of 5.75 and a beta of 1.18. NVIDIA has a 1 year low of $95.17 and a 1 year high of $249.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.94 EPS. equities research analysts forecast that NVIDIA will post 4.19 earnings per share for the current fiscal year.
In other news, Director A Brooke Seawell sold 1,029 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $214.10, for a total value of $220,308.90. Following the completion of the sale, the director now owns 1,029 shares in the company, valued at approximately $220,308.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dawn E. Hudson sold 3,052 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $214.39, for a total transaction of $654,318.28. Following the completion of the sale, the director now owns 28,816 shares of the company’s stock, valued at approximately $6,177,862.24. The disclosure for this sale can be found here. Insiders have sold a total of 19,858 shares of company stock valued at $4,227,384 in the last 90 days. 5.17% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Miles Capital Inc. purchased a new position in shares of NVIDIA in the 4th quarter worth about $214,000. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of NVIDIA by 1.1% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 239,522 shares of the computer hardware maker’s stock worth $46,348,000 after buying an additional 2,696 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of NVIDIA by 8.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,864 shares of the computer hardware maker’s stock worth $24,935,000 after buying an additional 9,964 shares during the last quarter. IFC Holdings Incorporated FL boosted its holdings in shares of NVIDIA by 6.4% in the 4th quarter. IFC Holdings Incorporated FL now owns 8,369 shares of the computer hardware maker’s stock worth $1,617,000 after buying an additional 504 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of NVIDIA by 30.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 94,160 shares of the computer hardware maker’s stock worth $18,220,000 after buying an additional 22,240 shares during the last quarter. Hedge funds and other institutional investors own 63.45% of the company’s stock.
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NVIDIA 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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