Mizuho reiterated their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a research note issued to investors on Tuesday, MarketBeat.com 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.

NVDA has been the subject of a number of other reports. SunTrust Banks reissued a buy rating and issued a $200.00 price objective (up from $181.00) on shares of NVIDIA in a research note on Monday, October 2nd. Citigroup reissued a buy rating and issued a $210.00 price objective (up from $185.00) on shares of NVIDIA in a research note on Friday, September 29th. Needham & Company LLC reissued a buy rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Thursday, September 28th. Vetr raised shares of NVIDIA from a hold rating to a buy rating and set a $186.34 price objective for the company in a research note on Monday, September 25th. Finally, Craig Hallum reissued a buy rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Saturday, September 23rd. 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 currently has an average rating of Buy and a consensus price target of $193.10.

NVIDIA (NASDAQ:NVDA) opened at $230.11 on Tuesday. The firm has a market cap of $142,970.00, a price-to-earnings ratio of 57.53, a P/E/G ratio of 5.23 and a beta of 1.18. NVIDIA has a 52 week low of $95.17 and a 52 week high of $231.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26.

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

In other news, CFO Colette Kress sold 171 shares of NVIDIA stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total value of $31,732.47. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Persis Drell sold 606 shares of NVIDIA stock in a transaction that occurred on 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 transaction, the director now directly owns 26,104 shares in the company, valued at approximately $5,144,315.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,858 shares of company stock worth $4,227,384. Insiders own 5.82% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in NVIDIA by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after purchasing an additional 2,676,976 shares during the last quarter. Renaissance Technologies LLC grew its position in NVIDIA by 19.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after purchasing an additional 768,200 shares during the last quarter. Janus Henderson Group PLC grew its position in NVIDIA by 5,424.4% during the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock worth $592,244,000 after purchasing an additional 4,022,728 shares during the last quarter. Dimensional Fund Advisors LP grew its position in NVIDIA by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,052,628 shares of the computer hardware maker’s stock worth $585,894,000 after purchasing an additional 46,686 shares during the last quarter. Finally, Legal & General Group Plc grew its position in NVIDIA by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 2,867,090 shares of the computer hardware maker’s stock worth $512,549,000 after purchasing an additional 78,943 shares during the last quarter. 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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