NVIDIA (NASDAQ:NVDA) was upgraded by equities researchers at Oppenheimer from a “market perform” rating to an “outperform” rating in a report issued on Friday, MarketBeat Ratings reports. The brokerage currently has a $310.00 price target on the computer hardware maker’s stock. Oppenheimer’s price target would indicate a potential upside of 26.62% from the company’s previous close.

Several other equities research analysts also recently commented on the company. SunTrust Banks boosted their target price on NVIDIA to $316.00 and gave the stock a “buy” rating in a report on Friday, May 11th. BidaskClub raised NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 19th. UBS Group raised NVIDIA from a “market perform” rating to an “outperform” rating in a report on Friday. Citigroup upped their price target on NVIDIA from $300.00 to $380.00 and gave the company a “buy” rating in a report on Friday, May 11th. Finally, Zacks Investment Research raised NVIDIA from a “hold” rating to a “buy” rating and set a $286.00 price target on the stock in a report on Tuesday, May 15th. Eight analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $281.58.

NVIDIA stock opened at $244.82 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 7.82 and a current ratio of 8.54. NVIDIA has a 12 month low of $157.37 and a 12 month high of $269.20. The firm has a market capitalization of $154.66 billion, a price-to-earnings ratio of 52.42, a P/E/G ratio of 3.51 and a beta of 1.56.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, August 16th. The computer hardware maker reported $1.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.28. NVIDIA had a return on equity of 52.18% and a net margin of 34.44%. The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up 40.0% compared to the same quarter last year. research analysts predict that NVIDIA will post 7.08 EPS for the current year.

In related news, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction on Tuesday, June 26th. The stock was sold at an average price of $242.11, for a total transaction of $24,211,000.00. Following the completion of the sale, the director now owns 31,725 shares in the company, valued at $7,680,939.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 4,643 shares of the company’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $266.54, for a total value of $1,237,545.22. Following the sale, the executive vice president now owns 295,635 shares of the company’s stock, valued at approximately $78,798,552.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 269,632 shares of company stock valued at $67,615,033. 4.70% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Holderness Investments Co. increased its position in NVIDIA by 3.2% in the second quarter. Holderness Investments Co. now owns 6,481 shares of the computer hardware maker’s stock worth $1,535,000 after buying an additional 200 shares in the last quarter. Grimes & Company Inc. increased its position in NVIDIA by 9.0% in the second quarter. Grimes & Company Inc. now owns 2,480 shares of the computer hardware maker’s stock worth $588,000 after buying an additional 205 shares in the last quarter. Charter Trust Co. increased its position in NVIDIA by 4.9% in the second quarter. Charter Trust Co. now owns 4,471 shares of the computer hardware maker’s stock worth $1,059,000 after buying an additional 207 shares in the last quarter. Concorde Asset Management LLC increased its position in NVIDIA by 16.3% in the second quarter. Concorde Asset Management LLC now owns 1,481 shares of the computer hardware maker’s stock worth $351,000 after buying an additional 208 shares in the last quarter. Finally, LVW Advisors LLC increased its position in NVIDIA by 11.7% in the second quarter. LVW Advisors LLC now owns 2,010 shares of the computer hardware maker’s stock worth $476,000 after buying an additional 210 shares in the last quarter. Institutional investors own 65.33% of the company’s stock.

About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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