NVIDIA Co. (NASDAQ:NVDA) rose 5.2% on Tuesday . The stock traded as high as $204.21 and last traded at $199.31. Approximately 15,429,335 shares were traded during mid-day trading, an increase of 20% from the average daily volume of 12,877,848 shares. The stock had previously closed at $189.54.
NVDA has been the subject of several recent research reports. Goldman Sachs Group lifted their price objective on NVIDIA from $310.00 to $324.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. BidaskClub raised NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Friday, August 10th. Wells Fargo & Co raised NVIDIA from an “underperform” rating to an “outperform” rating and lifted their target price for the company from $140.00 to $315.00 in a report on Tuesday, August 14th. UBS Group raised NVIDIA from a “market perform” rating to an “outperform” rating in a report on Friday, August 17th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $250.00 target price (up previously from $243.00) on shares of NVIDIA in a report on Friday, August 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $287.16.
The stock has a market cap of $125.05 billion, a PE ratio of 42.68, a PEG ratio of 2.70 and a beta of 2.01. The company has a quick ratio of 6.66, a current ratio of 7.41 and a debt-to-equity ratio of 0.23.
In related news, insider Michael Byron sold 11,257 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $263.94, for a total value of $2,971,172.58. Following the completion of the sale, the insider now owns 81,414 shares in the company, valued at approximately $21,488,411.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ajay K. Puri sold 90,831 shares of the business’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $289.35, for a total value of $26,281,949.85. Following the completion of the sale, the executive vice president now owns 184,001 shares of the company’s stock, valued at approximately $53,240,689.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,707 shares of company stock valued at $32,347,973. Corporate insiders own 4.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. grew its stake in NVIDIA by 5.6% in the first quarter. Principal Financial Group Inc. now owns 1,003,742 shares of the computer hardware maker’s stock worth $232,456,000 after purchasing an additional 53,672 shares during the period. Fisher Asset Management LLC grew its stake in NVIDIA by 33.4% in the second quarter. Fisher Asset Management LLC now owns 2,261 shares of the computer hardware maker’s stock worth $536,000 after purchasing an additional 566 shares during the period. Confluence Investment Management LLC purchased a new stake in NVIDIA in the second quarter worth $223,000. FormulaFolio Investments LLC purchased a new stake in NVIDIA in the second quarter worth $654,000. Finally, Rathbone Brothers plc grew its stake in NVIDIA by 9.6% in the second quarter. Rathbone Brothers plc now owns 8,148 shares of the computer hardware maker’s stock worth $1,930,000 after purchasing an additional 715 shares during the period. Hedge funds and other institutional investors own 65.85% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “NVIDIA (NVDA) Stock Price Up 5.2%” was first posted by Week Herald and is the sole property of of Week Herald. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://weekherald.com/2018/11/13/nvidia-nvda-stock-price-up-5-2.html.
About NVIDIA (NASDAQ:NVDA)
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.
Recommended Story: How dollar cost averaging works
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.