NVIDIA Corporation (NASDAQ:NVDA) Receives “Buy” Rating from Mizuho
NVIDIA Corporation (NASDAQ:NVDA)‘s stock had its “buy” rating restated by research analysts at Mizuho in a research report issued on Friday. They presently have a $180.00 target price on the computer hardware maker’s stock, up from their previous target price of $170.00. Mizuho’s target price points to a potential upside of 15.42% from the company’s current price.
NVDA has been the topic of several other reports. Vetr raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $117.19 price objective on the stock in a research note on Thursday, May 4th. Stifel Nicolaus lifted their price objective on NVIDIA Corporation from $90.00 to $93.00 and gave the company a “hold” rating in a research note on Wednesday, May 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $140.00 price objective on shares of NVIDIA Corporation in a research note on Friday, May 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA Corporation in a research note on Thursday, July 13th. Finally, Zacks Investment Research raised NVIDIA Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $141.79.
Shares of NVIDIA Corporation (NVDA) traded down 5.34% during mid-day trading on Friday, reaching $155.95. 37,342,796 shares of the company’s stock were exchanged. The stock has a market cap of $92.79 billion, a price-to-earnings ratio of 52.35 and a beta of 1.24. The stock has a 50 day moving average price of $159.56 and a 200 day moving average price of $127.02. NVIDIA Corporation has a 52 week low of $57.32 and a 52 week high of $174.56. NVIDIA Corporation also was the target of some unusual options trading on Thursday. Stock traders acquired 84,606 put options on the stock. This is an increase of 147% compared to the average volume of 34,198 put options.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The company’s revenue was up 56.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. Equities research analysts predict that NVIDIA Corporation will post $3.10 EPS for the current year.
In other news, Director Tench Coxe sold 50,000 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $164.53, for a total transaction of $8,226,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Byron sold 25,507 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $137.09, for a total value of $3,496,754.63. Following the sale, the insider now directly owns 162,706 shares in the company, valued at $22,305,365.54. The disclosure for this sale can be found here. Insiders have sold 572,282 shares of company stock worth $86,830,082 over the last ninety days. 5.82% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. Nordea Investment Management AB raised its stake in shares of NVIDIA Corporation by 1.1% in the second quarter. Nordea Investment Management AB now owns 70,067 shares of the computer hardware maker’s stock worth $10,129,000 after buying an additional 792 shares during the period. Cibc World Markets Corp raised its position in NVIDIA Corporation by 12.1% in the second quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock valued at $18,549,000 after buying an additional 13,802 shares during the last quarter. Bluestein R H & Co. raised its position in NVIDIA Corporation by 22.8% in the second quarter. Bluestein R H & Co. now owns 10,925 shares of the computer hardware maker’s stock valued at $1,579,000 after buying an additional 2,025 shares during the last quarter. GQG Partners LLC acquired a new position in NVIDIA Corporation during the second quarter valued at $56,869,000. Finally, Hanseatic Management Services Inc. raised its position in NVIDIA Corporation by 3.8% in the second quarter. Hanseatic Management Services Inc. now owns 26,703 shares of the computer hardware maker’s stock valued at $3,860,000 after buying an additional 983 shares during the last quarter. 68.91% of the stock is currently owned by institutional investors.
NVIDIA Corporation Company Profile
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at 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.
Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.