NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reaffirmed by research analysts at Wells Fargo & Co in a report issued on Monday, TipRanks reports.

NVDA has been the topic of a number of other research reports. Zacks Investment Research lowered NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. BidaskClub lowered NVIDIA from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Summit Redstone lowered NVIDIA to a “hold” rating in a research note on Friday, May 17th. Morgan Stanley raised their price target on NVIDIA from $148.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Monday, May 13th. Finally, UBS Group decreased their price target on NVIDIA from $210.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-six have given a buy rating to the company’s stock. NVIDIA has an average rating of “Buy” and a consensus price target of $194.07.

Shares of NVDA traded down $5.31 during trading hours on Monday, reaching $150.74. 7,586,110 shares of the company traded hands, compared to its average volume of 13,085,083. The company has a debt-to-equity ratio of 0.25, a current ratio of 8.98 and a quick ratio of 7.78. The company has a market cap of $93.90 billion, a PE ratio of 24.83, a PEG ratio of 3.95 and a beta of 2.07. NVIDIA has a fifty-two week low of $124.46 and a fifty-two week high of $292.76. The company’s fifty day moving average price is $164.05.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, May 16th. The computer hardware maker reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.20 billion. NVIDIA had a return on equity of 31.27% and a net margin of 30.68%. The business’s revenue for the quarter was down 30.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 earnings per share. On average, equities analysts forecast that NVIDIA will post 4.16 EPS for the current fiscal year.

In other news, Director Persis Drell sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $166.80, for a total value of $417,000.00. Following the transaction, the director now directly owns 20,684 shares in the company, valued at approximately $3,450,091.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $145.10, for a total value of $14,510,000.00. Following the completion of the transaction, the director now owns 32,983 shares in the company, valued at $4,785,833.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,736 shares of company stock worth $15,293,726. Company insiders own 4.64% of the company’s stock.

Several large investors have recently made changes to their positions in NVDA. LLBH Private Wealth Management LLC purchased a new stake in shares of NVIDIA during the 2nd quarter valued at about $27,000. Thor Advisors LLC purchased a new stake in shares of NVIDIA during the 1st quarter valued at about $29,000. Harvest Group Wealth Management LLC purchased a new stake in shares of NVIDIA during the 1st quarter valued at about $30,000. Truvestments Capital LLC purchased a new stake in shares of NVIDIA during the 1st quarter valued at about $33,000. Finally, Field & Main Bank purchased a new stake in shares of NVIDIA during the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 67.54% of the company’s stock.

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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