NVIDIA Corporation (NVDA) PT Raised to $240.00 at Jefferies Group LLC
NVIDIA Corporation (NASDAQ:NVDA) had its target price raised by stock analysts at Jefferies Group LLC from $230.00 to $240.00 in a note issued to investors on Friday. The firm presently has a “buy” rating on the computer hardware maker’s stock. Jefferies Group LLC’s target price would suggest a potential upside of 11.04% from the company’s current price. Jefferies Group also issued estimates for NVIDIA Corporation’s Q4 2018 earnings at $1.13 EPS, Q1 2019 earnings at $0.92 EPS, Q2 2019 earnings at $1.04 EPS, Q3 2019 earnings at $1.24 EPS, Q4 2019 earnings at $1.30 EPS and FY2019 earnings at $4.50 EPS.
A number of other equities research analysts have also recently weighed in on NVDA. Royal Bank Of Canada reiterated an “outperform” rating and set a $175.00 price target on shares of NVIDIA Corporation in a research report on Thursday, July 13th. Canaccord Genuity reiterated a “buy” rating and set a $155.00 price target on shares of NVIDIA Corporation in a research report on Monday, July 17th. Mizuho reissued a “buy” rating and issued a $170.00 price objective on shares of NVIDIA Corporation in a research note on Friday, July 21st. Summit Redstone reissued a “buy” rating on shares of NVIDIA Corporation in a research note on Saturday, July 22nd. Finally, BidaskClub raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. NVIDIA Corporation currently has an average rating of “Buy” and an average target price of $185.41.
Shares of NVIDIA Corporation (NASDAQ NVDA) traded up $10.82 on Friday, hitting $216.14. 31,331,300 shares of the company’s stock were exchanged, compared to its average volume of 13,613,651. NVIDIA Corporation has a 1-year low of $78.50 and a 1-year high of $218.67. The firm has a market capitalization of $129,684.00, a PE ratio of 53.24, a PEG ratio of 5.34 and a beta of 1.23. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.39. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the business earned $0.94 earnings per share. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. equities analysts forecast that NVIDIA Corporation will post 3.61 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: “NVIDIA Corporation (NVDA) PT Raised to $240.00 at Jefferies Group LLC” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/13/nvidia-corporation-nvda-pt-raised-to-240-00-at-jefferies-group-llc.html.
In related news, insider Jen Hsun Huang sold 110,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total value of $18,268,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael Byron sold 409 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $171.01, for a total transaction of $69,943.09. Following the completion of the sale, the insider now owns 136,199 shares in the company, valued at $23,291,390.99. The disclosure for this sale can be found here. Insiders sold a total of 436,503 shares of company stock worth $78,796,295 over the last quarter. Insiders own 5.17% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in NVDA. Welch Investments LLC purchased a new stake in shares of NVIDIA Corporation in the 3rd quarter worth about $104,000. Evercore Wealth Management LLC boosted its position in shares of NVIDIA Corporation by 36.9% in the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock worth $110,000 after buying an additional 206 shares in the last quarter. TB Alternative Assets Ltd. purchased a new position in NVIDIA Corporation in the 2nd quarter valued at about $116,000. Proficio Capital Partners LLC lifted its holdings in 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 purchasing an additional 547 shares in the last quarter. Finally, Thompson Davis & CO. Inc. lifted its holdings in 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 purchasing an additional 6 shares in the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.
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.
Receive News & Stock Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related stocks with our FREE daily email newsletter.