Nvidia (NASDAQ:NVDA) had its target price raised by investment analysts at Stifel Nicolaus from $220.00 to $243.00 in a note issued to investors on Friday, May 11th, Marketbeat reports. The firm presently has a “hold” rating on the computer hardware maker’s stock. Stifel Nicolaus’ price target would indicate a potential downside of 1.90% from the stock’s previous close.
Other equities analysts also recently issued research reports about the stock. Needham & Company LLC upped their price objective on shares of Nvidia to $300.00 in a research report on Friday, February 9th. Zacks Investment Research upgraded shares of Nvidia from a “hold” rating to a “buy” rating and set a $262.00 price objective for the company in a research report on Wednesday, January 24th. BidaskClub downgraded shares of Nvidia from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 5th. Vetr upgraded shares of Nvidia from a “hold” rating to a “buy” rating and set a $246.84 price objective for the company in a research report on Monday, February 5th. Finally, Goldman Sachs downgraded shares of Nvidia from a “conviction-buy” rating to a “buy” rating and set a $281.00 price objective for the company. in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $255.65.
NVDA stock opened at $247.71 on Friday. Nvidia has a 12 month low of $242.51 and a 12 month high of $248.51. The firm has a market capitalization of $149.34 billion, a P/E ratio of 53.04, a price-to-earnings-growth ratio of 3.39 and a beta of 1.52. The company has a quick ratio of 7.82, a current ratio of 8.54 and a debt-to-equity ratio of 0.26.
In other Nvidia news, EVP Ajay K. Puri sold 38,676 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $255.36, for a total value of $9,876,303.36. Following the transaction, the executive vice president now directly owns 508,962 shares in the company, valued at approximately $129,968,536.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Persis Drell sold 5,141 shares of the company’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $220.73, for a total transaction of $1,134,772.93. Following the completion of the transaction, the director now owns 20,963 shares in the company, valued at $4,627,162.99. The disclosure for this sale can be found here. Over the last three months, insiders purchased 624 shares of company stock worth $10,998 and sold 75,969 shares worth $18,708,706. 4.70% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Gables Capital Management Inc. purchased a new position in Nvidia in the 1st quarter valued at about $880,000. Nvwm LLC lifted its holdings in Nvidia by 9.1% in the 1st quarter. Nvwm LLC now owns 6,434 shares of the computer hardware maker’s stock valued at $1,422,000 after purchasing an additional 536 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Nvidia in the 1st quarter valued at about $324,000. NEXT Financial Group Inc lifted its holdings in shares of Nvidia by 68.5% during the 1st quarter. NEXT Financial Group Inc now owns 10,250 shares of the computer hardware maker’s stock worth $2,374,000 after acquiring an additional 4,166 shares during the period. Finally, Tuttle Tactical Management purchased a new position in shares of Nvidia during the 1st quarter worth about $1,353,000. Institutional investors own 66.89% of the company’s stock.
Nvidia Company Profile
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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