NVIDIA Co. (NASDAQ:NVDA) has been assigned a $145.00 target price by investment analysts at Citigroup Inc in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the computer hardware maker’s stock. Citigroup Inc’s target price would suggest a potential upside of 42.60% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. B. Riley restated a “buy” rating and set a $135.00 target price on shares of NVIDIA in a research report on Friday, February 10th. Instinet increased their price objective on shares of NVIDIA to $100.00 in a research report on Friday, February 10th. Royal Bank of Canada increased their price objective on shares of NVIDIA from $124.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. Summit Redstone set a $120.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research report on Saturday, February 11th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $110.00 price objective (up previously from $95.00) on shares of NVIDIA in a research report on Tuesday, December 13th. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $99.25.
NVIDIA (NASDAQ:NVDA) traded up 0.41% during mid-day trading on Thursday, reaching $101.68. The company had a trading volume of 8,533,343 shares. The firm has a market capitalization of $59.89 billion, a price-to-earnings ratio of 39.56 and a beta of 1.31. NVIDIA has a 12-month low of $34.40 and a 12-month high of $120.92. The firm has a 50-day moving average price of $102.40 and a 200 day moving average price of $95.39.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, February 9th. The computer hardware maker reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.16. NVIDIA had a net margin of 23.82% and a return on equity of 34.13%. The firm earned $2.17 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. NVIDIA’s revenue for the quarter was up 54.9% on a year-over-year basis. Analysts expect that NVIDIA will post $2.88 EPS for the current year.
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In other NVIDIA news, Director A Brooke Seawell sold 32,820 shares of the company’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $109.00, for a total value of $3,577,380.00. Following the transaction, the director now owns 35,927 shares of the company’s stock, valued at $3,916,043. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jen Hsun Huang sold 41,666 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $114.53, for a total transaction of $4,772,006.98. Following the completion of the transaction, the insider now directly owns 1,751,872 shares in the company, valued at approximately $200,641,900.16. The disclosure for this sale can be found here. Insiders sold 303,906 shares of company stock worth $32,645,625 in the last ninety days. 5.82% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in shares of NVIDIA by 17.5% in the first quarter. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker’s stock worth $105,000 after buying an additional 157 shares during the period. Mascoma Wealth Management LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth about $154,000. State of Alaska Department of Revenue acquired a new stake in shares of NVIDIA during the first quarter worth about $182,000. Cornerstone Advisors Inc. raised its stake in shares of NVIDIA by 52.2% in the third quarter. Cornerstone Advisors Inc. now owns 1,784 shares of the computer hardware maker’s stock worth $122,000 after buying an additional 612 shares during the period. Finally, Wesbanco Bank Inc. acquired a new stake in shares of NVIDIA during the fourth quarter worth about $205,000. Institutional investors own 85.00% of the company’s stock.
NVIDIA 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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