NVIDIA (NVDA) PT Raised to $300.00

NVIDIA (NASDAQ:NVDA) had its price target raised by equities research analysts at Jefferies Group from $15.50 to $300.00 in a note issued to investors on Friday, The Fly reports. The brokerage currently has a “buy” rating on the computer hardware maker’s stock. Jefferies Group’s target price would suggest a potential upside of 37.92% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 11th. Susquehanna Bancshares restated a “neutral” rating and issued a $200.00 target price (up previously from $185.00) on shares of NVIDIA in a report on Thursday. Citigroup lifted their price target on shares of NVIDIA to $270.00 and gave the company a “buy” rating in a report on Friday. Zacks Investment Research upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $262.00 price target on the stock in a report on Wednesday, January 24th. Finally, Loop Capital lifted their price target on shares of NVIDIA from $205.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 10th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $201.49.

NVIDIA (NASDAQ NVDA) opened at $217.52 on Friday. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. NVIDIA has a fifty-two week low of $95.17 and a fifty-two week high of $249.27. The stock has a market cap of $138,652.80, a P/E ratio of 53.98, a PEG ratio of 4.77 and a beta of 1.43.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.56. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the business earned $1.13 earnings per share. The business’s revenue was up 34.0% on a year-over-year basis. research analysts forecast that NVIDIA will post 4.2 EPS for the current fiscal year.

In other news, Director Dawn E. Hudson sold 15,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $213.44, for a total transaction of $3,201,600.00. Following the sale, the director now owns 46,868 shares in the company, valued at approximately $10,003,505.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Persis Drell sold 606 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total transaction of $119,424.42. Following the sale, the director now owns 26,104 shares in the company, valued at approximately $5,144,315.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,858 shares of company stock worth $4,227,384. Company insiders own 5.82% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc raised its position in shares of NVIDIA by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 2,867,090 shares of the computer hardware maker’s stock worth $512,549,000 after purchasing an additional 78,943 shares during the last quarter. Swiss National Bank raised its position in shares of NVIDIA by 0.9% in the 4th quarter. Swiss National Bank now owns 2,213,385 shares of the computer hardware maker’s stock worth $428,290,000 after purchasing an additional 19,900 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of NVIDIA by 4.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,027,499 shares of the computer hardware maker’s stock worth $392,322,000 after purchasing an additional 95,004 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of NVIDIA by 12.0% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,970,888 shares of the computer hardware maker’s stock worth $352,336,000 after purchasing an additional 211,411 shares during the last quarter. Finally, Swedbank raised its position in shares of NVIDIA by 21.0% in the 3rd quarter. Swedbank now owns 1,690,684 shares of the computer hardware maker’s stock worth $302,244,000 after purchasing an additional 293,832 shares during the last quarter. 62.84% of the stock is owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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