Oppenheimer reaffirmed their outperform rating on shares of NVIDIA (NASDAQ:NVDA) in a report published on Wednesday, The Fly reports. The firm currently has a $250.00 price target on the computer hardware maker’s stock.
A number of other research analysts have also recently commented on NVDA. BidaskClub cut NVIDIA from a hold rating to a sell rating in a research note on Thursday, December 27th. B. Riley reiterated a neutral rating and issued a $190.00 price objective (down from $240.00) on shares of NVIDIA in a research note on Friday, November 16th. BMO Capital Markets reduced their price objective on NVIDIA from $225.00 to $175.00 and set a market perform rating on the stock in a research note on Friday, November 16th. Deutsche Bank reduced their price objective on NVIDIA from $260.00 to $190.00 and set a hold rating on the stock in a research note on Friday, November 16th. Finally, Credit Suisse Group reiterated an outperform rating on shares of NVIDIA in a research note on Wednesday. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-six have issued a buy rating to the stock. NVIDIA currently has a consensus rating of Buy and a consensus target price of $255.94.
NASDAQ:NVDA traded up $3.60 during trading hours on Wednesday, reaching $148.83. 21,849,883 shares of the stock were exchanged, compared to its average volume of 16,593,033. The company has a quick ratio of 6.20, a current ratio of 7.08 and a debt-to-equity ratio of 0.21. NVIDIA has a twelve month low of $124.46 and a twelve month high of $292.76. The stock has a market capitalization of $86.97 billion, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 2.07 and a beta of 2.05.
In other NVIDIA 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 transaction, the executive vice president now owns 177,911 shares of the company’s stock, valued at $24,076,695.63. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 889 shares of the firm’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $147.91, for a total value of $131,491.99. Following the transaction, the chief financial officer now directly owns 259,912 shares in the company, valued at approximately $38,443,583.92. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company’s stock.
Several hedge funds have recently modified their holdings of NVDA. Polen Capital Management LLC purchased a new position in shares of NVIDIA during the third quarter worth about $703,155,000. SG Americas Securities LLC grew its holdings in shares of NVIDIA by 104.9% during the third quarter. SG Americas Securities LLC now owns 105,055 shares of the computer hardware maker’s stock worth $29,523,000 after buying an additional 2,227,433 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of NVIDIA by 4.0% during the third quarter. Vanguard Group Inc. now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after buying an additional 1,693,736 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of NVIDIA by 4.0% during the third quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after buying an additional 1,693,736 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of NVIDIA by 3.5% during the second quarter. FMR LLC now owns 48,594,422 shares of the computer hardware maker’s stock worth $11,512,019,000 after buying an additional 1,656,748 shares during the last quarter. 67.47% of the stock is currently owned by institutional investors.
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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