NVIDIA Corporation (NVDA) PT Raised to $225.00 at Barclays PLC
NVIDIA Corporation (NASDAQ:NVDA) had its price objective increased by equities research analysts at Barclays PLC from $200.00 to $225.00 in a research note issued to investors on Friday. The brokerage presently has an “equal weight” rating on the computer hardware maker’s stock. Barclays PLC’s price objective points to a potential upside of 4.10% from the company’s previous close.
NVDA has been the subject of a number of other research reports. Vetr downgraded shares of NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 target price for the company. in a research note on Thursday, August 31st. Credit Suisse Group reiterated an “outperform” rating on shares of NVIDIA Corporation in a research note on Thursday, August 31st. Goldman Sachs Group, Inc. (The) boosted their target price on shares of NVIDIA Corporation from $193.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. B. Riley boosted their target price on shares of NVIDIA Corporation from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $200.00 target price on shares of NVIDIA Corporation in a research note on Thursday, September 28th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $185.41.
NVIDIA Corporation (NVDA) traded up $10.82 during trading hours on Friday, hitting $216.14. 31,331,300 shares of the company’s stock traded hands, compared to its average volume of 13,613,651. The firm has a market capitalization of $129,684.00, a P/E ratio of 53.24, a price-to-earnings-growth ratio of 5.34 and a beta of 1.23. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. NVIDIA Corporation has a fifty-two week low of $78.50 and a fifty-two week high of $218.67.
NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.39. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The company’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 earnings per share. research analysts expect that NVIDIA Corporation will post 3.61 earnings per share for the current fiscal year.
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In other NVIDIA Corporation news, Director A Brooke Seawell sold 30,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the transaction, the director now owns 16,507 shares of the company’s stock, valued at $2,809,326.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 22,808 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $185.31, for a total transaction of $4,226,550.48. The disclosure for this sale can be found here. Insiders have sold 436,503 shares of company stock worth $78,796,295 in the last three months. Insiders own 5.17% of the company’s stock.
A number of large investors have recently bought and sold shares of NVDA. Janus Henderson Group PLC raised its stake in NVIDIA Corporation by 5,424.4% during the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock worth $592,244,000 after purchasing an additional 4,022,728 shares during the period. Vanguard Group Inc. raised its stake in NVIDIA Corporation by 7.1% during the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after purchasing an additional 2,676,976 shares during the period. Jackson Square Partners LLC purchased a new position in NVIDIA Corporation during the second quarter worth approximately $229,323,000. Janus Capital Management LLC raised its stake in NVIDIA Corporation by 20.0% during the first quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock worth $584,832,000 after purchasing an additional 895,591 shares during the period. Finally, Renaissance Technologies LLC raised its stake in NVIDIA Corporation by 19.3% during the second quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after purchasing an additional 768,200 shares during the period. 65.40% 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.
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