NVIDIA (NASDAQ:NVDA) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday. They presently have a $275.09 price objective on the computer hardware maker’s stock. Vetr‘s price target suggests a potential upside of 11.05% from the company’s current price.
Other analysts also recently issued reports about the stock. BidaskClub upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Friday, February 16th. Goldman Sachs Group downgraded shares of NVIDIA from a “conviction-buy” rating to a “buy” rating and set a $281.00 target price on the stock. in a report on Thursday, February 1st. Zacks Investment Research upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $262.00 target price on the stock in a report on Wednesday, January 24th. Nomura raised their target price on shares of NVIDIA to $225.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Finally, SunTrust Banks restated a “buy” rating and set a $305.00 target price (up from $253.00) on shares of NVIDIA in a report on Friday, February 9th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $211.43.
Shares of NVIDIA (NASDAQ NVDA) opened at $247.71 on Monday. The firm has a market cap of $149,860.00, a P/E ratio of 53.73, a P/E/G ratio of 3.85 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34. NVIDIA has a 52-week low of $95.49 and a 52-week high of $254.50.
In related news, Director James C. Gaither sold 40,359 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $245.67, for a total value of $9,914,995.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 171 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The disclosure for this sale can be found here. Insiders sold 58,546 shares of company stock valued at $14,034,433 over the last three months. 5.17% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in NVIDIA by 160.9% during the third quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock worth $35,001,000 after purchasing an additional 120,734 shares during the period. KCS Wealth Advisory bought a new position in NVIDIA during the fourth quarter worth $282,000. Schwab Charles Investment Management Inc. boosted its position in NVIDIA by 3.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,932,495 shares of the computer hardware maker’s stock worth $345,473,000 after purchasing an additional 71,458 shares during the period. Oppenheimer Asset Management Inc. boosted its position in NVIDIA by 45.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 27,391 shares of the computer hardware maker’s stock worth $4,897,000 after purchasing an additional 8,605 shares during the period. Finally, Spectrum Management Group Inc. bought a new position in NVIDIA during the third quarter worth $383,000. 67.01% of the stock is owned by institutional investors and hedge funds.
NVIDIA 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.
To view Vetr’s full report, visit Vetr’s official website.
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