NVIDIA (NASDAQ:NVDA) had its target price lifted by stock analysts at Benchmark from $210.00 to $240.00 in a research note issued to investors on Friday, The Fly reports. The brokerage presently has a “buy” rating on the computer hardware maker’s stock. Benchmark’s price target suggests a potential upside of 17.54% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Barclays raised their target price on shares of NVIDIA from $170.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday. Wells Fargo & Co raised their target price on shares of NVIDIA from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday. Needham & Company LLC restated a “sell” rating on shares of NVIDIA in a report on Friday, August 16th. ValuEngine lowered shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Finally, Craig Hallum upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $255.00 price objective for the company in a report on Friday. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $216.69.

Shares of NASDAQ:NVDA traded down $5.60 during trading on Friday, reaching $204.19. 26,297,200 shares of the stock traded hands, compared to its average volume of 7,343,198. The stock has a market cap of $127.76 billion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 5.39 and a beta of 2.06. NVIDIA has a 52-week low of $124.46 and a 52-week high of $211.86. The stock has a 50-day moving average of $193.51 and a two-hundred day moving average of $170.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 7.74 and a current ratio of 8.65.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, November 14th. The computer hardware maker reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.21. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.92 billion. NVIDIA had a net margin of 24.08% and a return on equity of 22.82%. NVIDIA’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the company posted $1.84 earnings per share. Sell-side analysts expect that NVIDIA will post 4.07 earnings per share for the current year.

In other NVIDIA news, CFO Colette Kress sold 31,357 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $179.01, for a total transaction of $5,613,216.57. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dawn E. Hudson sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $171.73, for a total transaction of $858,650.00. Following the sale, the director now directly owns 36,037 shares in the company, valued at approximately $6,188,634.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,383 shares of company stock worth $11,625,217. 4.64% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of NVIDIA by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 45,990,868 shares of the computer hardware maker’s stock valued at $7,553,081,000 after acquiring an additional 528,040 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of NVIDIA by 10.6% in the 2nd quarter. Jennison Associates LLC now owns 8,690,058 shares of the computer hardware maker’s stock valued at $1,427,168,000 after acquiring an additional 832,508 shares during the last quarter. Edgewood Management LLC boosted its holdings in shares of NVIDIA by 0.4% in the 2nd quarter. Edgewood Management LLC now owns 7,890,343 shares of the computer hardware maker’s stock valued at $1,295,831,000 after acquiring an additional 31,623 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of NVIDIA by 4.3% in the 2nd quarter. Invesco Ltd. now owns 7,364,460 shares of the computer hardware maker’s stock valued at $1,209,466,000 after acquiring an additional 304,337 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of NVIDIA by 3.3% in the 2nd quarter. Northern Trust Corp now owns 7,183,137 shares of the computer hardware maker’s stock valued at $1,179,686,000 after purchasing an additional 230,497 shares during the period. 64.51% of the stock is currently owned by institutional investors.

About NVIDIA

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.

Further Reading: Fibonacci Channel

The Fly

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.