NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reissued by equities research analysts at Mizuho in a report issued on Wednesday. They currently have a $195.00 target price on the computer hardware maker’s stock. Mizuho’s price target points to a potential upside of 17.78% from the stock’s previous close.
The analysts wrote, “We are at the NVDA analyst day and GTC March 18-19.””
Several other research firms have also weighed in on NVDA. BidaskClub lowered NVIDIA from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. SunTrust Banks reduced their price objective on NVIDIA to $237.00 and set a “buy” rating for the company in a research note on Friday, November 16th. Daiwa Capital Markets reissued a “buy” rating on shares of NVIDIA in a research note on Monday, November 19th. BNP Paribas lowered NVIDIA from a “neutral” rating to an “underperform” rating in a research note on Tuesday, November 20th. Finally, Cowen reissued an “outperform” rating and set a $195.00 price objective (down from $215.00) on shares of NVIDIA in a research note on Friday, February 15th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $210.62.
Shares of NASDAQ NVDA opened at $165.56 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.94 and a quick ratio of 6.76. The firm has a market cap of $98.49 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 3.90 and a beta of 1.89. NVIDIA has a 1 year low of $124.46 and a 1 year high of $292.76.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.27. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The company’s revenue was down 24.3% compared to the same quarter last year. During the same period last year, the company posted $1.72 EPS. Equities research analysts forecast that NVIDIA will post 4.49 earnings per share for the current year.
In other news, EVP Debora Shoquist sold 6,345 shares of the stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total value of $858,668.85. Following the completion of the sale, the executive vice president now owns 177,911 shares in the company, valued at $24,076,695.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.70% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Capital Management LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth $27,000. Swedbank raised its holdings in shares of NVIDIA by 50.4% during the fourth quarter. Swedbank now owns 2,547,600 shares of the computer hardware maker’s stock worth $340,487,000 after acquiring an additional 854,050 shares in the last quarter. Girard Partners LTD. raised its holdings in shares of NVIDIA by 25.1% during the fourth quarter. Girard Partners LTD. now owns 2,300 shares of the computer hardware maker’s stock worth $307,000 after acquiring an additional 461 shares in the last quarter. River Wealth Advisors LLC raised its holdings in shares of NVIDIA by 7.4% during the fourth quarter. River Wealth Advisors LLC now owns 2,563 shares of the computer hardware maker’s stock worth $342,000 after acquiring an additional 177 shares in the last quarter. Finally, Man Group plc raised its holdings in shares of NVIDIA by 5.6% during the third quarter. Man Group plc now owns 37,977 shares of the computer hardware maker’s stock worth $10,673,000 after acquiring an additional 2,028 shares in the last quarter. Institutional investors own 68.72% of the company’s stock.
NVIDIA Company Profile
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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