NVIDIA (NVDA) Stock Rating Reaffirmed by Credit Suisse Group

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Credit Suisse Group reissued their outperform rating on shares of NVIDIA (NASDAQ:NVDA) in a research report sent to investors on Wednesday.

Several other equities analysts also recently issued reports on the company. Goldman Sachs Group raised NVIDIA from a buy rating to a conviction-buy rating and cut their target price for the company from $324.00 to $305.00 in a research report on Thursday, October 18th. Evercore ISI upped their target price on NVIDIA from $300.00 to $400.00 and gave the company an outperform rating in a research report on Friday, September 28th. Tigress Financial reissued a buy rating on shares of NVIDIA in a research report on Friday, October 5th. UBS Group raised NVIDIA from a neutral rating to a positive rating in a research report on Tuesday, November 13th. Finally, Needham & Company LLC increased their price target on NVIDIA from $325.00 to $350.00 and gave the stock a buy rating in a research report on Friday, September 14th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-six have given a buy rating to the company. NVIDIA currently has a consensus rating of Buy and a consensus price target of $255.94.

Shares of NASDAQ NVDA traded up $3.60 during mid-day trading on Wednesday, hitting $148.83. The stock had a trading volume of 21,849,883 shares, compared to its average volume of 16,593,033. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.08 and a quick ratio of 6.20. NVIDIA has a twelve month low of $124.46 and a twelve month high of $292.76. The company has a market cap of $86.97 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 2.07 and a beta of 2.05.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.06). NVIDIA had a net margin of 37.78% and a return on equity of 51.60%. The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.24 billion. Research analysts expect that NVIDIA will post 6.45 earnings per share for the current year.

In other news, EVP Debora Shoquist sold 6,345 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total transaction of $858,668.85. Following the sale, the executive vice president now directly owns 177,911 shares in the company, valued at approximately $24,076,695.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 889 shares of the firm’s stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $147.91, for a total value of $131,491.99. Following the sale, the chief financial officer now owns 259,912 shares in the company, valued at $38,443,583.92. The disclosure for this sale can be found here. 4.70% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Strategic Wealth Partners Ltd. lifted its stake in NVIDIA by 37.6% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 289 shares of the computer hardware maker’s stock valued at $81,000 after buying an additional 79 shares in the last quarter. Meristem Family Wealth LLC lifted its stake in NVIDIA by 9.8% in the 3rd quarter. Meristem Family Wealth LLC now owns 1,140 shares of the computer hardware maker’s stock valued at $320,000 after buying an additional 102 shares in the last quarter. WealthPLAN Partners LLC lifted its stake in NVIDIA by 5.5% in the 3rd quarter. WealthPLAN Partners LLC now owns 2,225 shares of the computer hardware maker’s stock valued at $332,000 after buying an additional 115 shares in the last quarter. Waldron Private Wealth LLC lifted its stake in NVIDIA by 15.3% in the 3rd quarter. Waldron Private Wealth LLC now owns 1,139 shares of the computer hardware maker’s stock valued at $320,000 after buying an additional 151 shares in the last quarter. Finally, Avitas Wealth Management LLC lifted its stake in NVIDIA by 7.8% in the 3rd quarter. Avitas Wealth Management LLC now owns 2,391 shares of the computer hardware maker’s stock valued at $672,000 after buying an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 67.47% of the company’s stock.

NVIDIA Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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