Shares of NVIDIA Co. (NASDAQ:NVDA) have been given a consensus rating of “Hold” by the forty-two ratings firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $198.33.
A number of research analysts have commented on NVDA shares. Zacks Investment Research lowered NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 15th. Mizuho restated a “buy” rating and issued a $225.00 price target on shares of NVIDIA in a research report on Tuesday, November 28th. Vetr upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $196.86 price target on the stock in a research report on Tuesday, October 10th. Goldman Sachs Group raised their price target on NVIDIA from $193.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, B. Riley raised their price target on NVIDIA from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, November 6th.
In related news, Director Persis Drell sold 606 shares of NVIDIA stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total transaction of $119,424.42. Following the completion of the transaction, the director now owns 26,104 shares in the company, valued at $5,144,315.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 171 shares of NVIDIA stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $185.57, for a total value of $31,732.47. The disclosure for this sale can be found here. Insiders 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 owned by corporate insiders.
Several large investors have recently modified their holdings of NVDA. Janus Henderson Group PLC raised its position in shares of NVIDIA by 5,424.4% in the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after buying an additional 4,022,728 shares in the last quarter. Whale Rock Capital Management LLC acquired a new stake in shares of NVIDIA in the third quarter valued at approximately $93,171,000. Zevenbergen Capital Investments LLC raised its position in shares of NVIDIA by 957.5% in the third quarter. Zevenbergen Capital Investments LLC now owns 391,565 shares of the computer hardware maker’s stock valued at $70,000,000 after buying an additional 354,537 shares in the last quarter. Swedbank raised its position in shares of NVIDIA by 21.0% in the third quarter. Swedbank now owns 1,690,684 shares of the computer hardware maker’s stock valued at $302,244,000 after buying an additional 293,832 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC raised its position in shares of NVIDIA by 3,440.1% in the third quarter. Global X MANAGEMENT CO LLC now owns 274,007 shares of the computer hardware maker’s stock valued at $48,984,000 after buying an additional 266,267 shares in the last quarter. Institutional investors own 63.45% of the company’s stock.
Shares of NVIDIA (NASDAQ NVDA) traded down $3.54 on Tuesday, hitting $243.31. The stock had a trading volume of 12,091,892 shares, compared to its average volume of 13,576,063. NVIDIA has a fifty-two week low of $95.17 and a fifty-two week high of $248.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. The firm has a market cap of $146,500.00, a PE ratio of 60.75, a PEG ratio of 5.67 and a beta of 1.18.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. NVIDIA’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 EPS. analysts anticipate that NVIDIA will post 4.19 earnings per share for the current fiscal year.
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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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