Several other research analysts have also issued reports on NVDA. Cascend Securities raised NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Thursday, July 11th. JPMorgan Chase & Co. set a $200.00 target price on NVIDIA and gave the company a “buy” rating in a research report on Friday, August 16th. Sanford C. Bernstein set a $150.00 target price on NVIDIA and gave the company a “hold” rating in a research report on Wednesday, June 26th. Royal Bank of Canada reduced their target price on NVIDIA from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of NVIDIA in a research report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $189.50.
NVDA opened at $171.23 on Tuesday. The firm has a market cap of $104.28 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 4.06 and a beta of 2.07. The company has a current ratio of 8.65, a quick ratio of 7.74 and a debt-to-equity ratio of 0.24. NVIDIA has a 12 month low of $124.46 and a 12 month high of $292.76. The stock has a fifty day moving average price of $163.83 and a 200-day moving average price of $163.65.
NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.37. NVIDIA had a return on equity of 24.40% and a net margin of 26.93%. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company posted $1.94 EPS. The firm’s quarterly revenue was down 17.4% compared to the same quarter last year. On average, equities research analysts forecast that NVIDIA will post 4.19 EPS for the current year.
In other news, Director Persis Drell sold 2,500 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $167.36, for a total value of $418,400.00. Following the sale, the director now owns 18,184 shares in the company, valued at $3,043,274.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $145.10, for a total value of $14,510,000.00. Following the completion of the sale, the director now owns 32,983 shares in the company, valued at approximately $4,785,833.30. The disclosure for this sale can be found here. Insiders sold 107,236 shares of company stock worth $15,712,126 in the last 90 days. Company insiders own 4.64% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its stake in shares of NVIDIA by 1.8% in the first quarter. FMR LLC now owns 49,860,097 shares of the computer hardware maker’s stock worth $8,952,880,000 after buying an additional 858,116 shares during the last quarter. Vanguard Group Inc. boosted its position in NVIDIA by 1.2% during the second quarter. Vanguard Group Inc. now owns 45,990,868 shares of the computer hardware maker’s stock worth $7,553,081,000 after purchasing an additional 528,040 shares in the last quarter. Jennison Associates LLC boosted its position in NVIDIA by 10.6% during the second quarter. Jennison Associates LLC now owns 8,690,058 shares of the computer hardware maker’s stock worth $1,427,168,000 after purchasing an additional 832,508 shares in the last quarter. Edgewood Management LLC boosted its position in NVIDIA by 0.4% during the second quarter. Edgewood Management LLC now owns 7,890,343 shares of the computer hardware maker’s stock worth $1,295,831,000 after purchasing an additional 31,623 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its position in NVIDIA by 16.0% during the first quarter. Baillie Gifford & Co. now owns 7,647,342 shares of the computer hardware maker’s stock worth $1,373,156,000 after purchasing an additional 1,052,689 shares in the last quarter. Hedge funds and other institutional investors own 66.93% of the company’s stock.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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