Stifel Nicolaus Boosts NVIDIA (NVDA) Price Target to $220.00

NVIDIA (NASDAQ:NVDA) had its target price lifted by research analysts at Stifel Nicolaus from $184.00 to $220.00 in a report issued on Friday, The Fly reports. The firm currently has a “hold” rating on the computer hardware maker’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 1.14% from the company’s current price. The analysts noted that the move was a valuation call.

Other equities research analysts also recently issued reports about the stock. Vetr upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $203.56 price target for the company in a research report on Wednesday, October 25th. Jefferies Group lifted their price target on shares of NVIDIA from $180.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Needham & Company LLC lifted their price target on shares of NVIDIA from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Bank of America set a $210.00 price target on shares of NVIDIA and gave the company a “buy” rating in a research report on Thursday, October 12th. Finally, B. Riley boosted their price objective on shares of NVIDIA from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $203.81.

Shares of NVIDIA (NASDAQ NVDA) opened at $217.52 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. NVIDIA has a 1 year low of $95.17 and a 1 year high of $249.27. The firm 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 released its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.56. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the previous year, the business earned $1.13 earnings per share. The firm’s quarterly revenue was up 34.0% on a year-over-year basis. analysts predict that NVIDIA will post 4.2 EPS for the current year.

In other NVIDIA news, Director Persis Drell sold 606 shares of the company’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 of the company’s stock, valued at $5,144,315.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 171 shares of the company’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. In the last three months, insiders sold 19,858 shares of company stock worth $4,227,384. 5.82% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pinebridge Investments L.P. boosted its position in NVIDIA by 79.8% during the fourth quarter. Pinebridge Investments L.P. now owns 8,063 shares of the computer hardware maker’s stock valued at $1,560,000 after acquiring an additional 3,578 shares during the last quarter. Castle Rock Wealth Management LLC bought a new stake in NVIDIA during the fourth quarter valued at $1,611,000. GWM Advisors LLC boosted its position in NVIDIA by 5.6% during the fourth quarter. GWM Advisors LLC now owns 5,693 shares of the computer hardware maker’s stock valued at $1,264,000 after acquiring an additional 304 shares during the last quarter. D.A. Davidson & CO. boosted its position in NVIDIA by 11.5% during the fourth quarter. D.A. Davidson & CO. now owns 8,587 shares of the computer hardware maker’s stock valued at $1,662,000 after acquiring an additional 885 shares during the last quarter. Finally, Intrust Bank NA boosted its position in NVIDIA by 21.3% during the fourth quarter. Intrust Bank NA now owns 1,900 shares of the computer hardware maker’s stock valued at $368,000 after acquiring an additional 333 shares during the last quarter. 62.84% of the stock is currently owned by institutional investors and hedge funds.

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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.

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