Shares of Nvidia (NASDAQ:NVDA) have been assigned an average rating of “Buy” from the forty-two ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, twenty-three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $221.61.
Several equities research analysts have recently commented on the company. Vetr raised Nvidia from a “buy” rating to a “strong-buy” rating and set a $270.50 price target on the stock in a research note on Thursday, March 1st. Goldman Sachs lowered Nvidia from a “conviction-buy” rating to a “buy” rating and set a $281.00 price target on the stock. in a research note on Thursday, February 1st. ValuEngine raised Nvidia from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. B. Riley boosted their price target on Nvidia from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, BidaskClub lowered Nvidia from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th.
NVDA traded up $0.48 during trading on Friday, reaching $229.52. The company’s stock had a trading volume of 4,955,473 shares, compared to its average volume of 16,086,979. Nvidia has a 52-week low of $100.36 and a 52-week high of $254.50. The firm has a market capitalization of $143,485.22, a PE ratio of 49.15, a P/E/G ratio of 3.79 and a beta of 1.51. The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27.
Nvidia (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.56. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. Nvidia had a return on equity of 45.02% and a net margin of 31.36%. The company’s quarterly revenue was up 34.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.13 EPS. sell-side analysts predict that Nvidia will post 6.09 EPS for the current year.
In other news, Director Mark L. Perry sold 17,307 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $227.93, for a total transaction of $3,944,784.51. Following the completion of the sale, the director now directly owns 30,762 shares in the company, valued at approximately $7,011,582.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Persis Drell sold 5,141 shares of the company’s stock in a transaction on Wednesday, March 28th. The stock was sold at an average price of $220.73, for a total value of $1,134,772.93. Following the sale, the director now owns 20,963 shares of the company’s stock, valued at $4,627,162.99. The disclosure for this sale can be found here. Insiders sold a total of 94,959 shares of company stock valued at $22,692,182 over the last quarter. 4.70% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. KCS Wealth Advisory acquired a new stake in shares of Nvidia during the 4th quarter worth $282,000. Stansberry Asset Management LLC acquired a new stake in shares of Nvidia during the 4th quarter worth $2,171,000. Twin Capital Management Inc. increased its holdings in shares of Nvidia by 3.3% during the 4th quarter. Twin Capital Management Inc. now owns 97,530 shares of the computer hardware maker’s stock worth $18,872,000 after buying an additional 3,110 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Nvidia by 14.6% during the 4th quarter. Toronto Dominion Bank now owns 260,784 shares of the computer hardware maker’s stock worth $50,461,000 after buying an additional 33,300 shares during the last quarter. Finally, Ascension Asset Management LLC acquired a new stake in shares of Nvidia during the 4th quarter worth $805,000. Institutional investors and hedge funds own 66.70% of the company’s stock.
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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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