NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reaffirmed by investment analysts at Bank of America in a research note issued to investors on Friday, The Fly reports. They currently have a $300.00 price target on the computer hardware maker’s stock, up from their previous price target of $275.00. Bank of America’s price objective would suggest a potential upside of 29.27% from the stock’s current price.

Several other equities research analysts have also issued reports on NVDA. BidaskClub lowered shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Mizuho restated a “buy” rating and issued a $265.00 target price (up previously from $240.00) on shares of NVIDIA in a report on Friday. Citigroup raised their target price on shares of NVIDIA from $240.00 to $270.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Group raised their target price on shares of NVIDIA from $15.50 to $300.00 and gave the stock a “buy” rating in a report on Friday. Finally, Susquehanna Bancshares restated a “neutral” rating and issued a $200.00 target price (up previously from $185.00) on shares of NVIDIA in a report on Thursday. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. NVIDIA presently has an average rating of “Buy” and a consensus target price of $210.67.

Shares of NVIDIA (NASDAQ:NVDA) opened at $232.08 on Friday. The stock has a market cap of $140,640.48, a PE ratio of 50.02, a PEG ratio of 4.83 and a beta of 1.43. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. NVIDIA has a twelve month low of $95.17 and a twelve month high of $249.27.

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 Thomson Reuters’ consensus estimate of $1.16 by $0.56. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a net margin of 31.36% and a return on equity of 47.44%. The business’s revenue was up 34.0% on a year-over-year basis. During the same quarter last year, the business earned $1.13 EPS. research analysts expect that NVIDIA will post 4.68 earnings per share for the current fiscal year.

In other NVIDIA news, Director A Brooke Seawell sold 1,029 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $214.10, for a total transaction of $220,308.90. Following the transaction, the director now owns 1,029 shares of the company’s stock, valued at approximately $220,308.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dawn E. Hudson sold 3,052 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total transaction of $654,318.28. Following the transaction, the director now directly owns 28,816 shares in the company, valued at approximately $6,177,862.24. The disclosure for this sale can be found here. Insiders have sold a total of 19,858 shares of company stock worth $4,227,384 in the last three months. Insiders own 5.82% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its position in NVIDIA by 160.9% during the 3rd quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock valued at $35,001,000 after purchasing an additional 120,734 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of NVIDIA by 1.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 829,595 shares of the computer hardware maker’s stock worth $148,307,000 after buying an additional 9,565 shares during the last quarter. KCS Wealth Advisory purchased a new position in shares of NVIDIA in the 4th quarter worth approximately $282,000. Schwab Charles Investment Management Inc. grew its position in shares of NVIDIA by 3.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,932,495 shares of the computer hardware maker’s stock worth $345,473,000 after buying an additional 71,458 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in shares of NVIDIA by 45.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 27,391 shares of the computer hardware maker’s stock worth $4,897,000 after buying an additional 8,605 shares during the last quarter. 62.84% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “NVIDIA’s (NVDA) “Buy” Rating Reiterated at Bank of America” was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://theolympiareport.com/2018/02/11/nvidias-nvda-buy-rating-reiterated-at-bank-of-america.html.

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.

The Fly

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.