NVIDIA Corporation (NASDAQ:NVDA)‘s stock had its “buy” rating restated by investment analysts at Summit Redstone in a research note issued on Thursday. They presently have a $200.00 target price on the computer hardware maker’s stock. Summit Redstone’s price objective indicates a potential upside of 21.40% from the stock’s current price.
A number of other equities analysts have also issued reports on the company. Vetr raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $174.03 price objective for the company in a report on Monday, June 12th. Zacks Investment Research raised NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price objective for the company in a report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $130.00 price objective on shares of NVIDIA Corporation in a report on Friday, April 14th. Canaccord Genuity reaffirmed a “buy” rating on shares of NVIDIA Corporation in a research note on Saturday, June 3rd. Finally, Mizuho reaffirmed a “buy” rating and set a $170.00 price target (up from $145.00) on shares of NVIDIA Corporation in a research note on Wednesday, June 28th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company’s stock. NVIDIA Corporation presently has an average rating of “Hold” and a consensus target price of $138.80.
Shares of NVIDIA Corporation (NASDAQ NVDA) traded down 4.28% during trading on Thursday, reaching $164.74. The company had a trading volume of 33,202,199 shares. NVIDIA Corporation has a 12 month low of $57.32 and a 12 month high of $174.56. The stock’s 50-day moving average price is $159.56 and its 200-day moving average price is $127.02. The stock has a market capitalization of $98.02 billion, a PE ratio of 55.30 and a beta of 1.24.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the company posted $0.53 EPS. The business’s revenue for the quarter was up 56.2% compared to the same quarter last year. Equities analysts forecast that NVIDIA Corporation will post $3.10 earnings per share for the current fiscal year.
In other news, EVP Ajay K. Puri sold 81,931 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $139.90, for a total value of $11,462,146.90. Following the sale, the executive vice president now directly owns 564,696 shares of the company’s stock, valued at $79,000,970.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director A Brooke Seawell sold 3,107 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $140.00, for a total value of $434,980.00. Following the completion of the sale, the director now directly owns 5,165 shares in the company, valued at $723,100. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 572,282 shares of company stock worth $86,830,082. 5.82% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. TB Alternative Assets Ltd. acquired a new stake in shares of NVIDIA Corporation during the second quarter valued at about $116,000. Thompson Davis & CO. Inc. increased its stake in shares of NVIDIA Corporation by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after buying an additional 6 shares in the last quarter. 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. Finally, 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. 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.
Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with MarketBeat.com's FREE daily email newsletter.