NVIDIA (NASDAQ:NVDA) had its price objective increased by analysts at Argus from $250.00 to $280.00 in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the computer hardware maker’s stock. Argus’ target price would suggest a potential upside of 20.19% from the stock’s previous close. The analysts noted that the move was a valuation call.
NVDA has been the subject of several other research reports. Bank of America restated a “buy” rating and set a $275.00 price target (up previously from $251.00) on shares of NVIDIA in a research note on Friday, January 19th. B. Riley restated a “buy” rating and set a $270.00 price target on shares of NVIDIA in a research note on Monday, January 8th. Vetr lowered shares of NVIDIA from a “strong-buy” rating to a “buy” rating and set a $275.09 price target for the company. in a research note on Monday, March 12th. Zacks Investment Research lowered shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 15th. Finally, Deutsche Bank raised their price target on shares of NVIDIA from $205.00 to $230.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. NVIDIA currently has a consensus rating of “Buy” and an average target price of $215.27.
Shares of NVIDIA stock opened at $232.97 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34. The company has a market cap of $146,319.25, a PE ratio of 48.33, a price-to-earnings-growth ratio of 3.79 and a beta of 1.43. NVIDIA has a one year low of $95.49 and a one year high of $254.50.
In other news, Director James C. Gaither sold 40,359 shares of NVIDIA stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $245.67, for a total transaction of $9,914,995.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark L. Perry sold 17,307 shares of NVIDIA stock in a transaction on Monday, February 12th. The stock was sold at an average price of $227.93, for a total transaction of $3,944,784.51. Following the sale, the director now directly owns 30,762 shares of the company’s stock, valued at $7,011,582.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,769 shares of company stock valued at $13,883,276. Insiders own 5.82% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of NVDA. Country Trust Bank lifted its holdings in shares of NVIDIA by 490.0% during the 4th quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock worth $114,000 after acquiring an additional 490 shares during the last quarter. Global Trust Asset Management LLC purchased a new position in NVIDIA in the 4th quarter worth $116,000. Clearbridge Investments LLC raised its position in NVIDIA by 100.0% in the 4th quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker’s stock worth $116,000 after purchasing an additional 300 shares during the period. North Star Investment Management Corp. raised its position in NVIDIA by 67.3% in the 4th quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock worth $123,000 after purchasing an additional 255 shares during the period. Finally, Crewe Advisors LLC purchased a new position in NVIDIA in the 4th quarter worth $148,000. 66.92% of the stock is owned by institutional investors.
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.
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