NVIDIA (NASDAQ:NVDA) was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating in a research note issued on Friday, MarketBeat reports. The firm presently has a $255.00 price target on the computer hardware maker’s stock. Craig Hallum’s price objective would suggest a potential upside of 22.54% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Bank of America boosted their target price on NVIDIA from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. UBS Group boosted their target price on NVIDIA from $195.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Nomura reiterated a “hold” rating on shares of NVIDIA in a research report on Friday, August 23rd. Cascend Securities boosted their target price on NVIDIA from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, DZ Bank downgraded NVIDIA from a “hold” rating to a “sell” rating and set a $158.00 target price on the stock. in a research report on Friday, September 13th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $216.69.

Shares of NASDAQ:NVDA traded down $4.18 during mid-day trading on Friday, reaching $208.10. The stock had a trading volume of 661,301 shares, compared to its average volume of 8,276,448. The company has a current ratio of 8.42, a quick ratio of 7.71 and a debt-to-equity ratio of 0.22. The company has a market cap of $124.96 billion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of 5.25 and a beta of 2.06. NVIDIA has a 1 year low of $124.46 and a 1 year high of $213.35. The business’s 50 day moving average price is $195.53 and its 200 day moving average price is $170.83.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, November 14th. The computer hardware maker reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.21. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.92 billion. NVIDIA had a return on equity of 22.02% and a net margin of 24.08%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.84 earnings per share. Analysts predict that NVIDIA will post 4.07 earnings per share for the current fiscal year.

In other news, CFO Colette Kress sold 31,357 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $179.01, for a total transaction of $5,613,216.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James C. Gaither sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $182.37, for a total value of $1,823,700.00. Following the transaction, the director now directly owns 4,279 shares in the company, valued at approximately $780,361.23. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,883 shares of company stock worth $11,206,817. Insiders own 4.64% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacific Center for Financial Services grew its stake in NVIDIA by 143.1% in the second quarter. Pacific Center for Financial Services now owns 158 shares of the computer hardware maker’s stock worth $26,000 after purchasing an additional 93 shares in the last quarter. LLBH Private Wealth Management LLC bought a new position in NVIDIA in the second quarter worth approximately $27,000. Marquette Asset Management LLC grew its stake in NVIDIA by 416.7% in the third quarter. Marquette Asset Management LLC now owns 155 shares of the computer hardware maker’s stock worth $27,000 after purchasing an additional 125 shares in the last quarter. Field & Main Bank bought a new position in NVIDIA in the second quarter worth approximately $33,000. Finally, Investors Research Corp grew its stake in NVIDIA by 313.0% in the third quarter. Investors Research Corp now owns 190 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 144 shares in the last quarter. 64.56% of the stock is currently 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 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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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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