NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reissued by Bank of America in a research report issued to clients and investors on Friday. They presently have a $275.00 price target on the computer hardware maker’s stock, up from their prior price target of $251.00. Bank of America’s price target points to a potential upside of 20.62% from the company’s current price.
Other research analysts also recently issued reports about the stock. BidaskClub raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Sanford C. Bernstein reissued an “outperform” rating on shares of NVIDIA in a research note on Saturday, September 23rd. SunTrust Banks restated a “buy” rating and issued a $200.00 target price (up previously from $181.00) on shares of NVIDIA in a report on Monday, October 2nd. Craig Hallum restated a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a report on Saturday, September 23rd. Finally, Citigroup restated a “buy” rating and issued a $240.00 target price on shares of NVIDIA in a report on Friday, November 10th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. NVIDIA currently has a consensus rating of “Buy” and a consensus price target of $193.10.
Shares of NVIDIA (NASDAQ NVDA) traded up $3.54 on Friday, reaching $227.98. 4,347,743 shares of the company were exchanged, compared to its average volume of 14,186,450. The stock has a market capitalization of $138,420.00, a P/E ratio of 57.00, a P/E/G ratio of 5.23 and a beta of 1.18. NVIDIA has a 1-year low of $95.17 and a 1-year high of $227.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42.
In other NVIDIA news, Director Persis Drell sold 606 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total transaction of $119,424.42. Following the completion of the sale, the director now directly owns 26,104 shares in the company, valued at approximately $5,144,315.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dawn E. Hudson sold 15,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $213.44, for a total value of $3,201,600.00. Following the sale, the director now owns 46,868 shares of the company’s stock, valued at $10,003,505.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,858 shares of company stock valued at $4,227,384. Corporate insiders own 5.82% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the business. Welch Investments LLC bought a new position in shares of NVIDIA during the 3rd quarter valued at approximately $104,000. Evercore Wealth Management LLC grew its stake in shares of NVIDIA by 36.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after acquiring an additional 206 shares during the period. Country Trust Bank grew its stake in shares of NVIDIA by 490.0% during the 4th quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after acquiring an additional 490 shares during the period. North Star Investment Management Corp. grew its stake in shares of NVIDIA by 67.3% during the 4th quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after acquiring an additional 255 shares during the period. Finally, Edge Advisors LLC grew its stake in shares of NVIDIA by 98.8% during the 3rd quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after acquiring an additional 415 shares during the period. Institutional investors and hedge funds own 63.40% of the company’s stock.
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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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