Mizuho Reaffirms “Buy” Rating for NVIDIA (NVDA)
NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reiterated by research analysts at Mizuho in a report issued on Friday, MarketBeat Ratings reports. They presently have a $265.00 target price on the computer hardware maker’s stock, up from their previous target price of $240.00. Mizuho’s price objective indicates a potential upside of 14.18% from the company’s current price.
Other equities analysts have also recently issued research 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. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $200.00 price objective (up previously from $185.00) on shares of NVIDIA in a research note on Thursday. Citigroup boosted their price objective on shares of NVIDIA from $240.00 to $270.00 and gave the company a “buy” rating in a research note on Friday. Jefferies Group boosted their price objective on shares of NVIDIA from $15.50 to $300.00 and gave the company a “buy” rating in a research note on Friday. Finally, Zacks Investment Research raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $262.00 price objective for the company in a research note on Wednesday, January 24th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. NVIDIA has an average rating of “Buy” and an average target price of $210.67.
NVIDIA (NVDA) traded up $14.56 on Friday, hitting $232.08. 41,815,578 shares of the stock traded hands, compared to its average volume of 14,810,000. The stock has a market capitalization of $150,050.00, a P/E ratio of 48.05, a price-to-earnings-growth ratio of 4.53 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 has a 52-week low of $95.17 and a 52-week high of $249.27.
In related news, Director Dawn E. Hudson sold 3,052 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total transaction of $654,318.28. Following the completion of the sale, the director now directly owns 28,816 shares in the company, valued at approximately $6,177,862.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Persis Drell sold 606 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total transaction of $119,424.42. Following the sale, the director now owns 26,104 shares of the company’s stock, valued at $5,144,315.28. The disclosure for this sale can be found here. Insiders have sold a total of 19,858 shares of company stock valued at $4,227,384 over the last quarter. 5.82% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Welch Investments LLC bought a new stake in NVIDIA during the 3rd quarter valued at $104,000. Country Trust Bank raised its holdings in 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 buying an additional 490 shares during the last quarter. Global Trust Asset Management LLC purchased a new position in NVIDIA during the 4th quarter valued at $116,000. North Star Investment Management Corp. increased its position in 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 purchasing an additional 255 shares during the period. Finally, Crewe Advisors LLC purchased a new position in NVIDIA during the 4th quarter valued at $148,000. Institutional investors own 62.84% of the company’s stock.
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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