NVIDIA (NASDAQ:NVDA – Get Rating) had its price objective increased by equities research analysts at Barclays to $170.00 in a research note issued to investors on Monday, Stock Target Advisor reports. Barclays’s price objective suggests a potential upside of 10.70% from the stock’s previous close.
NVDA has been the topic of a number of other reports. BMO Capital Markets cut their price objective on NVIDIA from $230.00 to $210.00 and set an “outperform” rating on the stock in a report on Wednesday, September 21st. Daiwa Capital Markets lowered shares of NVIDIA from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $215.00 to $133.00 in a report on Friday, September 2nd. Truist Financial restated a “buy” rating and set a $198.00 price objective on shares of NVIDIA in a report on Thursday, September 22nd. Oppenheimer lowered their target price on shares of NVIDIA from $250.00 to $225.00 and set an “outperform” rating for the company in a research note on Friday, November 11th. Finally, Credit Suisse Group restated an “outperform” rating and set a $210.00 price target (up from $205.00) on shares of NVIDIA in a research report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $211.09.
NVIDIA Price Performance
Shares of NASDAQ NVDA traded down $0.52 on Monday, hitting $153.57. The company’s stock had a trading volume of 846,012 shares, compared to its average volume of 55,698,309. The stock has a 50 day moving average of $132.89 and a 200-day moving average of $156.13. The company has a market capitalization of $382.39 billion, a price-to-earnings ratio of 65.21, a price-to-earnings-growth ratio of 5.25 and a beta of 1.70. NVIDIA has a 12-month low of $108.13 and a 12-month high of $346.47. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.39 and a quick ratio of 2.74.
NVIDIA (NASDAQ:NVDA – Get Rating) last issued its quarterly earnings results on Wednesday, November 16th. The computer hardware maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.13). The business had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.82 billion. NVIDIA had a return on equity of 30.75% and a net margin of 20.85%. The company’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 EPS. As a group, research analysts predict that NVIDIA will post 2.44 EPS for the current year.
Insider Buying and Selling
In related news, Director Mark A. Stevens sold 85,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, October 11th. The stock was sold at an average price of $116.49, for a total value of $9,901,650.00. Following the transaction, the director now directly owns 2,397,693 shares of the company’s stock, valued at $279,307,257.57. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Mark A. Stevens sold 87,500 shares of the company’s stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $119.65, for a total transaction of $10,469,375.00. Following the sale, the director now owns 2,310,193 shares in the company, valued at approximately $276,414,592.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 85,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 11th. The stock was sold at an average price of $116.49, for a total value of $9,901,650.00. Following the sale, the director now directly owns 2,397,693 shares of the company’s stock, valued at approximately $279,307,257.57. The disclosure for this sale can be found here. 4.04% of the stock is currently owned by insiders.
Hedge Funds Weigh In On NVIDIA
Institutional investors and hedge funds have recently modified their holdings of the business. Opes Wealth Management LLC raised its position in shares of NVIDIA by 1.8% in the 1st quarter. Opes Wealth Management LLC now owns 2,889 shares of the computer hardware maker’s stock worth $788,000 after buying an additional 50 shares during the period. Tortoise Investment Management LLC raised its holdings in shares of NVIDIA by 40.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 183 shares of the computer hardware maker’s stock worth $28,000 after purchasing an additional 53 shares during the period. Blue Bell Private Wealth Management LLC grew its holdings in shares of NVIDIA by 7.0% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 846 shares of the computer hardware maker’s stock worth $128,000 after purchasing an additional 55 shares during the period. Gould Capital LLC grew its holdings in shares of NVIDIA by 24.1% during the 2nd quarter. Gould Capital LLC now owns 283 shares of the computer hardware maker’s stock worth $43,000 after purchasing an additional 55 shares during the period. Finally, D.B. Root & Company LLC increased its position in NVIDIA by 1.5% during the 2nd quarter. D.B. Root & Company LLC now owns 3,739 shares of the computer hardware maker’s stock worth $566,000 after purchasing an additional 56 shares in the last quarter. 62.58% of the stock is currently owned by institutional investors.
NVIDIA Company Profile
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company’s Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.