NVIDIA Corporation (NASDAQ:NVDA) had its price objective raised by Barclays PLC to $140.00 in a report issued on Friday, The Fly reports. The brokerage presently has an “equal weight” rating on the computer hardware maker’s stock. Barclays PLC’s target price suggests a potential downside of 15.02% from the stock’s previous close.
Other analysts have also issued reports about the stock. Vetr lowered shares of NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $111.03 price target for the company. in a research report on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $130.00 price target on shares of NVIDIA Corporation in a research report on Friday, April 14th. Royal Bank Of Canada reissued a “buy” rating and set a $130.00 price target on shares of NVIDIA Corporation in a research report on Tuesday, May 2nd. B. Riley reissued a “buy” rating and set a $135.00 price target on shares of NVIDIA Corporation in a research report on Monday, May 8th. Finally, UBS AG reaffirmed a “buy” rating and issued a $132.00 price objective on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the stock. NVIDIA Corporation presently has a consensus rating of “Hold” and an average target price of $139.79.
Shares of NVIDIA Corporation (NASDAQ NVDA) opened at 164.74 on Friday. The company has a market capitalization of $98.02 billion, a price-to-earnings ratio of 55.30 and a beta of 1.24. NVIDIA Corporation has a 1-year low of $57.32 and a 1-year high of $174.56. The firm’s 50-day moving average is $159.56 and its 200-day moving average is $127.02.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The company’s quarterly revenue was up 56.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. Analysts forecast that NVIDIA Corporation will post $3.10 earnings per share for the current fiscal year.
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In other news, insider Michael Byron sold 25,507 shares of NVIDIA Corporation stock in a transaction on Friday, May 19th. The stock was sold at an average price of $137.09, for a total transaction of $3,496,754.63. Following the transaction, the insider now owns 162,706 shares in the company, valued at approximately $22,305,365.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Harvey C. Jones sold 100,000 shares of NVIDIA Corporation stock in a transaction on Monday, July 10th. The stock was sold at an average price of $150.29, for a total value of $15,029,000.00. Following the transaction, the director now owns 30,762 shares in the company, valued at approximately $4,623,220.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 572,282 shares of company stock worth $86,830,082. Insiders own 5.82% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of NVDA. BT Investment Management Ltd bought a new position in NVIDIA Corporation during the second quarter valued at approximately $2,063,000. Destination Wealth Management raised its position in NVIDIA Corporation by 5.6% in the second quarter. Destination Wealth Management now owns 2,205 shares of the computer hardware maker’s stock valued at $319,000 after buying an additional 117 shares in the last quarter. BlueMountain Capital Management LLC raised its position in NVIDIA Corporation by 34.0% in the second quarter. BlueMountain Capital Management LLC now owns 3,998 shares of the computer hardware maker’s stock valued at $578,000 after buying an additional 1,015 shares in the last quarter. Amalgamated Bank raised its position in NVIDIA Corporation by 69.1% in the second quarter. Amalgamated Bank now owns 67,378 shares of the computer hardware maker’s stock valued at $9,740,000 after buying an additional 27,523 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its position in NVIDIA Corporation by 5.3% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 30,529 shares of the computer hardware maker’s stock valued at $4,413,000 after buying an additional 1,550 shares in the last quarter. Institutional investors and hedge funds own 68.91% of the company’s stock.
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.
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