Equities research analysts at The Goldman Sachs Group assumed coverage on shares of NVIDIA (NASDAQ:NVDA – Get Rating) in a research note issued to investors on Monday, The Fly reports. The firm set a “neutral” rating on the computer hardware maker’s stock.
Other equities research analysts have also issued research reports about the stock. Susquehanna raised their target price on shares of NVIDIA from $250.00 to $360.00 and gave the stock a “positive” rating in a report on Thursday, November 11th. Raymond James raised their price objective on shares of NVIDIA from $225.00 to $365.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 18th. They noted that the move was a valuation call. Tigress Financial reaffirmed a “buy” rating and set a $400.00 target price (up previously from $230.00) on shares of NVIDIA in a research note on Thursday, December 2nd. Jefferies Financial Group raised their price target on NVIDIA from $260.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, November 18th. Finally, Craig Hallum upped their price objective on NVIDIA from $220.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 18th. Four investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $335.08.
Shares of NVDA opened at $229.36 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 6.65 and a quick ratio of 6.05. The stock has a market capitalization of $573.40 billion, a price-to-earnings ratio of 59.61, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. NVIDIA has a 1 year low of $115.67 and a 1 year high of $346.47. The business’s 50 day simple moving average is $255.71 and its 200-day simple moving average is $255.73.
NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings results on Tuesday, February 15th. The computer hardware maker reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.10. NVIDIA had a net margin of 36.24% and a return on equity of 42.99%. The company had revenue of $7.64 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter in the previous year, the business posted $0.64 earnings per share. NVIDIA’s quarterly revenue was up 52.8% on a year-over-year basis. On average, sell-side analysts expect that NVIDIA will post 4.7 earnings per share for the current year.
In other NVIDIA news, Director Harvey C. Jones sold 41,484 shares of the business’s stock in a transaction dated Thursday, December 16th. The stock was sold at an average price of $311.50, for a total transaction of $12,922,266.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 440,000 shares of the firm’s stock in a transaction dated Monday, January 3rd. The stock was sold at an average price of $302.17, for a total value of $132,954,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 774,352 shares of company stock worth $215,354,931. Corporate insiders own 4.47% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Marquette Asset Management LLC lifted its stake in shares of NVIDIA by 300.0% in the 3rd quarter. Marquette Asset Management LLC now owns 120 shares of the computer hardware maker’s stock valued at $25,000 after purchasing an additional 90 shares during the period. HBC Financial Services PLLC raised its position in shares of NVIDIA by 300.0% in the third quarter. HBC Financial Services PLLC now owns 120 shares of the computer hardware maker’s stock worth $25,000 after acquiring an additional 90 shares during the period. Disciplined Investments LLC purchased a new stake in shares of NVIDIA during the 4th quarter worth about $25,000. Global Trust Asset Management LLC grew its position in shares of NVIDIA by 300.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 124 shares of the computer hardware maker’s stock valued at $26,000 after acquiring an additional 93 shares during the period. Finally, Rather & Kittrell Inc. purchased a new position in shares of NVIDIA in the 4th quarter valued at about $26,000. 63.84% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Company Profile
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, 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.