NVIDIA Corporation (NASDAQ:NVDA) Receives Buy Rating from Rosenblatt Securities

NVIDIA Corporation (NASDAQ:NVDA)‘s stock had its “buy” rating reissued by research analysts at Rosenblatt Securities in a report issued on Thursday. They presently have a $152.00 price objective on the computer hardware maker’s stock. Rosenblatt Securities’ price objective would indicate a potential downside of 11.68% from the company’s current price.

Other research analysts have also issued research reports about the company. Vetr lowered NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $111.03 target price for the company. in a research report on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $130.00 target price on shares of NVIDIA Corporation in a research report on Friday, April 14th. Royal Bank Of Canada reissued a “buy” rating and issued a $130.00 target price on shares of NVIDIA Corporation in a research report on Tuesday, May 2nd. B. Riley reissued a “buy” rating and issued a $135.00 target price on shares of NVIDIA Corporation in a research report on Monday, May 8th. Finally, UBS AG reissued a “buy” rating and issued a $132.00 target price on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. NVIDIA Corporation has an average rating of “Hold” and an average price target of $136.64.

NVIDIA Corporation (NASDAQ:NVDA) opened at 172.11 on Thursday. NVIDIA Corporation has a 12 month low of $57.32 and a 12 month high of $172.21. The stock’s 50 day moving average price is $158.02 and its 200-day moving average price is $125.12. The company has a market capitalization of $102.41 billion, a P/E ratio of 57.77 and a beta of 1.24.

NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.16. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the business posted $0.46 EPS. The business’s revenue was up 48.7% on a year-over-year basis. On average, equities research analysts predict that NVIDIA Corporation will post $3.10 EPS for the current fiscal year.

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In other NVIDIA Corporation news, Director A Brooke Seawell sold 3,107 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $140.00, for a total transaction of $434,980.00. Following the sale, the director now directly owns 5,165 shares of the company’s stock, valued at approximately $723,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tench Coxe sold 50,000 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $164.53, for a total value of $8,226,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 572,282 shares of company stock worth $86,830,082. 5.17% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. TB Alternative Assets Ltd. bought a new stake in shares of NVIDIA Corporation during the second quarter valued at $116,000. Proficio Capital Partners LLC increased its stake in shares of NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after buying an additional 547 shares in the last quarter. Hanson McClain Inc. increased its stake in shares of NVIDIA Corporation by 12.7% in the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after buying an additional 99 shares in the last quarter. Founders Capital Management increased its stake in shares of NVIDIA Corporation by 25.0% in the second quarter. Founders Capital Management now owns 1,000 shares of the computer hardware maker’s stock valued at $145,000 after buying an additional 200 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of NVIDIA Corporation by 17.5% in the first quarter. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker’s stock valued at $105,000 after buying an additional 157 shares in the last quarter. 68.91% of the stock is currently owned by institutional investors.

NVIDIA Corporation 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.

Analyst Recommendations for NVIDIA Corporation (NASDAQ:NVDA)

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