BidaskClub cut shares of Nvidia (NASDAQ:NVDA) from a strong-buy rating to a buy rating in a report published on Tuesday, April 10th.
A number of other equities analysts have also issued reports on NVDA. Vetr lowered shares of Nvidia from a strong-buy rating to a buy rating and set a $220.79 price target for the company. in a research report on Monday, December 18th. Goldman Sachs reaffirmed a buy rating and set a $228.00 target price on shares of Nvidia in a research note on Friday, January 5th. B. Riley reiterated a buy rating and set a $270.00 price target on shares of Nvidia in a report on Monday, January 8th. Zacks Investment Research lowered shares of Nvidia from a strong-buy rating to a hold rating in a report on Monday, January 15th. Finally, Mizuho reaffirmed a buy rating and issued a $240.00 target price (up from $225.00) on shares of Nvidia in a research report on Tuesday, January 16th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Nvidia currently has an average rating of Buy and a consensus price target of $217.16.
NVDA stock opened at $228.71 on Tuesday. The stock has a market cap of $139,035.64, a price-to-earnings ratio of 48.97, a PEG ratio of 3.67 and a beta of 1.51. Nvidia has a one year low of $100.36 and a one year high of $254.50. The company has a quick ratio of 7.34, a current ratio of 8.03 and a debt-to-equity ratio of 0.27.
In other news, Director James C. Gaither sold 40,359 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $245.67, for a total value of $9,914,995.53. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Debora Shoquist sold 32,049 shares of the stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $239.45, for a total value of $7,674,133.05. Following the completion of the transaction, the executive vice president now directly owns 201,796 shares in the company, valued at approximately $48,320,052.20. The disclosure for this sale can be found here. Insiders sold a total of 94,959 shares of company stock worth $22,692,182 over the last quarter. Corporate insiders own 4.70% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Country Trust Bank raised its stake in Nvidia by 490.0% during the 4th 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. Global Trust Asset Management LLC acquired a new stake in Nvidia during the 4th quarter worth $116,000. Clearbridge Investments LLC raised its stake in Nvidia by 100.0% during the 4th quarter. Clearbridge Investments LLC now owns 600 shares of the computer hardware maker’s stock worth $116,000 after buying an additional 300 shares during the period. North Star Investment Management Corp. increased its holdings in Nvidia by 67.3% during the 4th quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock worth $123,000 after purchasing an additional 255 shares in the last quarter. Finally, Crewe Advisors LLC bought a new position in Nvidia during the 4th quarter worth about $148,000. 66.70% of the stock is currently owned by institutional investors and hedge funds.
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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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