NVIDIA Corporation’s (NVDA) Hold Rating Reiterated at Oppenheimer Holdings, Inc.
Other analysts also recently issued reports about the stock. Mizuho reiterated a buy rating and issued a $180.00 price objective (up from $170.00) on shares of NVIDIA Corporation in a research report on Friday, August 11th. Susquehanna Bancshares Inc reiterated a neutral rating and issued a $140.00 price objective on shares of NVIDIA Corporation in a research report on Wednesday, August 16th. Vetr downgraded shares of NVIDIA Corporation from a buy rating to a hold rating and set a $172.54 price target on the stock. in a research report on Thursday, August 31st. Zacks Investment Research upgraded shares of NVIDIA Corporation from a hold rating to a strong-buy rating and set a $169.00 price target on the stock in a research report on Tuesday, July 11th. Finally, Canaccord Genuity restated a buy rating and set a $190.00 price target (up from $180.00) on shares of NVIDIA Corporation in a research report on Thursday, August 10th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $164.69.
Shares of NVIDIA Corporation (NVDA) opened at $212.03 on Friday. NVIDIA Corporation has a one year low of $66.76 and a one year high of $212.90. The stock has a market cap of $127,220.00, a price-to-earnings ratio of 58.62, a P/E/G ratio of 5.16 and a beta of 1.23. The company has a current ratio of 7.82, a quick ratio of 6.99 and a debt-to-equity ratio of 0.33.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 56.2% on a year-over-year basis. analysts expect that NVIDIA Corporation will post 3.61 earnings per share for the current fiscal year.
In other NVIDIA Corporation news, Director Tench Coxe sold 50,000 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $189.62, for a total transaction of $9,481,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Byron sold 409 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $171.01, for a total value of $69,943.09. Following the sale, the insider now directly owns 136,199 shares of the company’s stock, valued at approximately $23,291,390.99. The disclosure for this sale can be found here. Insiders sold 452,784 shares of company stock valued at $81,437,724 over the last three months. 5.17% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of NVDA. Dynamic Capital Management Ltd acquired a new position in NVIDIA Corporation in the first quarter valued at about $619,000. Schwab Charles Investment Management Inc. grew its position in NVIDIA Corporation by 14.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,770,501 shares of the computer hardware maker’s stock valued at $192,861,000 after acquiring an additional 219,686 shares during the last quarter. Marsico Capital Management LLC bought a new position in NVIDIA Corporation in the first quarter valued at about $34,139,000. Edmond DE Rothschild Holding S.A. grew its position in NVIDIA Corporation by 0.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 28,979 shares of the computer hardware maker’s stock valued at $3,156,000 after acquiring an additional 250 shares during the last quarter. Finally, Logan Capital Management Inc. grew its position in NVIDIA Corporation by 1.4% in the first quarter. Logan Capital Management Inc. now owns 8,285 shares of the computer hardware maker’s stock valued at $902,000 after acquiring an additional 115 shares during the last quarter. 65.59% of the stock is 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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