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.
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.
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