NVIDIA (NVDA) Receives “Buy” Rating from Mizuho

Mizuho reissued their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a report released on Tuesday, Marketbeat Ratings reports. Mizuho currently has a $240.00 price target on the computer hardware maker’s stock, up from their prior price target of $225.00.

Several other equities research analysts have also recently commented on NVDA. BidaskClub raised NVIDIA from a buy rating to a strong-buy rating in a research report on Thursday, January 11th. Citigroup reaffirmed a buy rating and set a $210.00 price objective (up from $185.00) on shares of NVIDIA in a research report on Friday, September 29th. B. Riley reissued a buy rating and issued a $270.00 target price on shares of NVIDIA in a research report on Monday, January 8th. Sanford C. Bernstein reissued an outperform rating on shares of NVIDIA in a research report on Saturday, September 23rd. Finally, SunTrust Banks reissued a buy rating and issued a $200.00 target price (up from $181.00) on shares of NVIDIA in a research report on Monday, October 2nd. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $192.45.

NVIDIA (NVDA) traded up $2.99 during trading on Tuesday, hitting $223.10. The company had a trading volume of 10,131,546 shares, compared to its average volume of 14,655,940. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. NVIDIA has a 12 month low of $95.17 and a 12 month high of $227.51. The stock has a market capitalization of $135,030.00, a PE ratio of 55.78, a PEG ratio of 5.19 and a beta of 1.18.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating the consensus estimate of $0.94 by $0.39. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the firm posted $0.94 earnings per share. NVIDIA’s revenue was up 31.5% compared to the same quarter last year. research analysts anticipate that NVIDIA will post 4.19 earnings per share for the current fiscal year.

In related news, Director Dawn E. Hudson sold 15,000 shares of NVIDIA stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $213.44, for a total transaction of $3,201,600.00. Following the sale, the director now owns 46,868 shares of the company’s stock, valued at approximately $10,003,505.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 1,029 shares of NVIDIA stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $214.10, for a total value of $220,308.90. Following the sale, the director now directly owns 1,029 shares in the company, valued at approximately $220,308.90. The disclosure for this sale can be found here. Insiders sold 19,858 shares of company stock worth $4,227,384 in the last ninety days. Corporate insiders own 5.17% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of NVDA. Engineers Gate Manager LP bought a new stake in NVIDIA during the 2nd quarter valued at approximately $243,000. Martingale Asset Management L P bought a new stake in NVIDIA during the 2nd quarter valued at approximately $738,000. Stephens Inc. AR raised its stake in NVIDIA by 8.4% during the 2nd quarter. Stephens Inc. AR now owns 3,070 shares of the computer hardware maker’s stock valued at $444,000 after purchasing an additional 238 shares during the period. BlueMountain Capital Management LLC raised its stake in NVIDIA by 34.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 3,998 shares of the computer hardware maker’s stock valued at $578,000 after purchasing an additional 1,015 shares during the period. Finally, BT Investment Management Ltd bought a new stake in NVIDIA during the 2nd quarter valued at approximately $2,063,000. 63.40% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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