NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reiterated by equities research analysts at SunTrust Banks in a research note issued to investors on Friday, MarketBeat.com reports. They currently have a $305.00 price objective on the computer hardware maker’s stock, up from their prior price objective of $253.00. SunTrust Banks’ target price would suggest a potential upside of 31.42% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Oppenheimer reaffirmed a “hold” rating on shares of NVIDIA in a report on Sunday, November 5th. Bank of America reaffirmed a “buy” rating and set a $275.00 target price (up from $251.00) on shares of NVIDIA in a report on Friday, January 19th. B. Riley reaffirmed a “buy” rating and set a $270.00 target price on shares of NVIDIA in a report on Monday, January 8th. Jefferies Group lifted their target price on shares of NVIDIA from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, Barclays lifted their target price on shares of NVIDIA from $200.00 to $225.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $210.67.

NVIDIA (NASDAQ:NVDA) opened at $232.08 on Friday. NVIDIA has a 1 year low of $95.17 and a 1 year high of $249.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26. The stock has a market cap of $140,640.00, a P/E ratio of 48.05, a price-to-earnings-growth ratio of 4.83 and a beta of 1.43.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. NVIDIA had a net margin of 31.36% and a return on equity of 47.44%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period last year, the firm posted $1.13 EPS. NVIDIA’s revenue for the quarter was up 34.0% compared to the same quarter last year. equities analysts predict that NVIDIA will post 4.68 earnings per share for the current fiscal year.

In other NVIDIA news, CFO Colette Kress sold 171 shares of NVIDIA stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 1,029 shares of NVIDIA stock in a transaction on 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. In the last three months, insiders sold 19,858 shares of company stock valued at $4,227,384. 5.82% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in NVDA. Ark Investment Management LLC boosted its stake in NVIDIA by 79.5% during the 2nd quarter. Ark Investment Management LLC now owns 126,769 shares of the computer hardware maker’s stock worth $18,326,000 after purchasing an additional 56,138 shares during the last quarter. AHL Partners LLP acquired a new stake in NVIDIA during the 2nd quarter worth $848,000. BB&T Investment Services Inc. acquired a new stake in NVIDIA during the 2nd quarter worth $241,000. Koch Industries Inc. boosted its stake in NVIDIA by 4,042.8% during the 2nd quarter. Koch Industries Inc. now owns 241,484 shares of the computer hardware maker’s stock worth $240,000 after purchasing an additional 235,655 shares during the last quarter. Finally, Covington Capital Management boosted its stake in NVIDIA by 1.4% during the 2nd 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 during the last quarter. 62.84% 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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