NVIDIA (NASDAQ:NVDA) had its price target raised by Wells Fargo & Co from $270.00 to $290.00 in a research note published on Tuesday, The Fly reports. Wells Fargo & Co currently has an overweight rating on the computer hardware maker’s stock.
Several other research analysts have also commented on NVDA. Rosenblatt Securities reiterated a buy rating and set a $240.00 price target on shares of NVIDIA in a report on Friday, November 15th. Cowen lifted their price target on NVIDIA from $195.00 to $240.00 and gave the stock an outperform rating in a report on Friday, November 15th. Raymond James lifted their price target on NVIDIA from $180.00 to $240.00 and gave the stock an outperform rating in a report on Friday, November 15th. BidaskClub lowered NVIDIA from a strong-buy rating to a buy rating in a report on Saturday, February 1st. Finally, Piper Sandler reiterated a buy rating and set a $275.00 price target on shares of NVIDIA in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $259.69.
Shares of NVDA stock opened at $289.79 on Tuesday. The stock’s fifty day moving average is $245.95 and its two-hundred day moving average is $204.14. The company has a debt-to-equity ratio of 0.22, a quick ratio of 7.71 and a current ratio of 8.42. The firm has a market capitalization of $177.35 billion, a P/E ratio of 74.12, a PEG ratio of 3.88 and a beta of 2.04. NVIDIA has a fifty-two week low of $132.60 and a fifty-two week high of $294.97.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, February 13th. The computer hardware maker reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.22. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. NVIDIA had a return on equity of 22.02% and a net margin of 24.08%. During the same quarter last year, the firm posted $0.80 EPS. On average, equities analysts forecast that NVIDIA will post 4.32 earnings per share for the current year.
In other NVIDIA news, Director A Brooke Seawell sold 629 shares of NVIDIA stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $220.50, for a total value of $138,694.50. Following the completion of the transaction, the director now directly owns 1,592 shares of the company’s stock, valued at approximately $351,036. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Debora Shoquist sold 12,193 shares of NVIDIA stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $216.04, for a total value of $2,634,175.72. Following the completion of the transaction, the executive vice president now directly owns 151,232 shares of the company’s stock, valued at $32,672,161.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,785 shares of company stock worth $11,454,424. 4.64% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. GQG Partners LLC acquired a new position in NVIDIA in the 4th quarter valued at about $572,319,000. Johanson Financial Advisors Inc. grew its position in NVIDIA by 21,911.1% in the 4th quarter. Johanson Financial Advisors Inc. now owns 641,184 shares of the computer hardware maker’s stock valued at $2,721,000 after acquiring an additional 638,271 shares in the last quarter. Manning & Napier Group LLC grew its position in NVIDIA by 1,438.4% in the 4th quarter. Manning & Napier Group LLC now owns 611,145 shares of the computer hardware maker’s stock valued at $143,801,000 after acquiring an additional 571,420 shares in the last quarter. Fisher Asset Management LLC grew its position in NVIDIA by 54.9% in the 3rd quarter. Fisher Asset Management LLC now owns 1,011,907 shares of the computer hardware maker’s stock valued at $176,143,000 after acquiring an additional 358,730 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in NVIDIA in the 4th quarter valued at about $84,356,000. 65.23% of the stock is owned by institutional investors.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets 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.
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