NVIDIA (NVDA) Price Target Increased to $225.00 by Analysts at BMO Capital Markets

NVIDIA (NASDAQ:NVDA) had its price target boosted by equities research analysts at BMO Capital Markets from $200.00 to $225.00 in a research note issued to investors on Friday. The firm currently has a “market perform” rating on the computer hardware maker’s stock. BMO Capital Markets’ price objective would suggest a potential downside of 3.67% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Needham & Company LLC upped their target price on shares of NVIDIA to $300.00 in a report on Friday. Vetr raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $203.56 target price for the company in a report on Wednesday, October 25th. Jefferies Group upped their target price on shares of NVIDIA from $180.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. Bank of America set a $210.00 target price on shares of NVIDIA and gave the stock a “buy” rating in a report on Thursday, October 12th. Finally, B. Riley upped their target price on shares of NVIDIA from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $209.73.

NVIDIA (NVDA) traded up $16.05 during trading on Friday, hitting $233.57. 29,021,161 shares of the stock were exchanged, compared to its average volume of 15,352,382. NVIDIA has a fifty-two week low of $95.17 and a fifty-two week high of $249.27. The stock has a market capitalization of $137,510.00, a price-to-earnings ratio of 58.39, a price-to-earnings-growth ratio of 4.77 and a beta of 1.43. 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 (NASDAQ:NVDA) last released its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.56. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The company’s revenue for the quarter was up 34.0% compared to the same quarter last year. equities analysts expect that NVIDIA will post 4.2 EPS for the current fiscal year.

In other NVIDIA news, Director Dawn E. Hudson sold 3,052 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total value of $654,318.28. Following the transaction, the director now owns 28,816 shares of the company’s stock, valued at $6,177,862.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director A Brooke Seawell sold 1,029 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $214.10, for a total transaction 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. 5.82% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Gofen & Glossberg LLC IL lifted its position in shares of NVIDIA by 0.6% during the second quarter. Gofen & Glossberg LLC IL now owns 16,077 shares of the computer hardware maker’s stock worth $2,324,000 after purchasing an additional 100 shares in the last quarter. Covington Capital Management lifted its position in shares of NVIDIA by 1.4% during the second quarter. Covington Capital Management now owns 11,260 shares of the computer hardware maker’s stock worth $1,628,000 after purchasing an additional 155 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of NVIDIA by 1.7% during the fourth quarter. Raymond James Trust N.A. now owns 12,693 shares of the computer hardware maker’s stock worth $2,457,000 after purchasing an additional 217 shares in the last quarter. Spectrum Management Group Inc. lifted its position in shares of NVIDIA by 10.3% during the fourth quarter. Spectrum Management Group Inc. now owns 2,360 shares of the computer hardware maker’s stock worth $457,000 after purchasing an additional 220 shares in the last quarter. Finally, First Citizens Bank & Trust Co. lifted its position in shares of NVIDIA by 4.5% during the fourth quarter. First Citizens Bank & Trust Co. now owns 5,477 shares of the computer hardware maker’s stock worth $1,060,000 after purchasing an additional 238 shares in the last quarter. 62.84% of the stock is currently owned by institutional investors and hedge funds.

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About NVIDIA

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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