NVIDIA Corporation (NVDA) Given New $210.00 Price Target at Morgan Stanley
NVIDIA Corporation (NASDAQ:NVDA) had its target price hoisted by Morgan Stanley from $168.00 to $210.00 in a research note published on Monday. They currently have an equal weight rating on the computer hardware maker’s stock.
A number of other analysts have also recently commented on the stock. Vetr cut shares of NVIDIA Corporation from a buy rating to a hold rating and set a $172.54 target price for the company. in a report on Thursday, August 31st. Zacks Investment Research raised shares of NVIDIA Corporation from a hold rating to a strong-buy rating and set a $169.00 target price for the company in a report on Tuesday, July 11th. Credit Suisse Group reaffirmed an outperform rating on shares of NVIDIA Corporation in a report on Thursday, August 31st. Goldman Sachs Group, Inc. (The) upped their target price on shares of NVIDIA Corporation from $193.00 to $217.00 and gave the company a buy rating in a report on Wednesday, October 11th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $200.00 target price on shares of NVIDIA Corporation in a report on Thursday, September 28th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. NVIDIA Corporation presently has an average rating of Hold and an average price target of $164.69.
NVIDIA Corporation (NASDAQ NVDA) traded up $2.40 on Monday, hitting $212.03. 10,580,672 shares of the stock traded hands, compared to its average volume of 13,250,000. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.82 and a quick ratio of 6.99. NVIDIA Corporation has a 1 year low of $66.76 and a 1 year high of $212.90. The stock has a market capitalization of $127,220.00, a PE ratio of 58.62, a price-to-earnings-growth ratio of 5.16 and a beta of 1.23.
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. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The firm’s quarterly revenue was up 56.2% on a year-over-year basis. equities analysts predict that NVIDIA Corporation will post 3.61 earnings per share for the current year.
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In other NVIDIA Corporation news, Director A Brooke Seawell sold 30,000 shares of the stock in a transaction dated 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 directly owns 16,507 shares in the company, valued at approximately $2,809,326.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark L. Perry sold 16,281 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $162.24, for a total transaction of $2,641,429.44. Following the transaction, the director now owns 48,069 shares in the company, valued at $7,798,714.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 452,784 shares of company stock worth $81,437,724. 5.17% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the business. Welch Investments LLC bought a new position in NVIDIA Corporation during the 3rd quarter worth about $104,000. Evercore Wealth Management LLC grew its holdings in NVIDIA Corporation by 36.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after acquiring an additional 206 shares in the last quarter. TB Alternative Assets Ltd. bought a new position in NVIDIA Corporation during the 2nd quarter worth about $116,000. Thompson Davis & CO. Inc. boosted its holdings in shares of NVIDIA Corporation by 0.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after buying an additional 6 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its holdings in shares of NVIDIA Corporation by 186.1% in the 1st quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after buying an additional 547 shares in the last quarter. Institutional investors own 65.59% of the company’s stock.
About NVIDIA Corporation
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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