Mizuho Reiterates Buy Rating for NVIDIA (NVDA)

NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating restated by equities research analysts at Mizuho in a research report issued to clients and investors on Tuesday. They currently have a $240.00 price objective on the computer hardware maker’s stock, up from their previous price objective of $225.00. Mizuho’s target price indicates a potential upside of 6.45% from the company’s previous close.

A number of other analysts have also recently weighed in on NVDA. Vetr cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $179.35 price objective on the stock. in a report on Monday, September 18th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $205.00 price objective (up previously from $175.00) on shares of NVIDIA in a report on Monday, September 18th. B. Riley reaffirmed a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a report on Thursday, September 21st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of NVIDIA in a report on Saturday, September 23rd. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a report on Saturday, September 23rd. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $192.45.

NVIDIA (NASDAQ:NVDA) traded up $0.74 during mid-day trading on Tuesday, hitting $225.46. 7,881,804 shares of the company were exchanged, compared to its average volume of 14,548,073. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. NVIDIA has a 1-year low of $95.17 and a 1-year high of $227.51. The firm has a market cap of $136,440.00, a PE ratio of 56.37, a PEG ratio of 5.13 and a beta of 1.18.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the company earned $0.94 EPS. The company’s revenue for the quarter was up 31.5% compared to the same quarter last year. analysts expect that NVIDIA will post 4.19 earnings per share for the current fiscal year.

In other news, Director A Brooke Seawell sold 1,029 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $214.10, for a total transaction of $220,308.90. Following the completion of the transaction, the director now owns 1,029 shares in the company, valued at approximately $220,308.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 171 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was 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 90 days, insiders have sold 19,858 shares of company stock valued at $4,227,384. Insiders own 5.82% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Welch Investments LLC acquired a new position in shares of NVIDIA in the third quarter worth about $104,000. Country Trust Bank boosted its holdings in shares of NVIDIA by 490.0% in the fourth quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock worth $114,000 after buying an additional 490 shares during the period. North Star Investment Management Corp. boosted its holdings in shares of NVIDIA by 67.3% in the fourth quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock worth $123,000 after buying an additional 255 shares during the period. Evercore Wealth Management LLC boosted its holdings in shares of NVIDIA by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after buying an additional 206 shares during the period. Finally, Edge Advisors LLC boosted its holdings in shares of NVIDIA by 98.8% in the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock worth $149,000 after buying an additional 415 shares during the period. Institutional investors own 63.40% of the company’s stock.

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About NVIDIA

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.

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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