NVIDIA (NASDAQ:NVDA) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Monday. The brokerage currently has a $246.84 target price on the computer hardware maker’s stock. Vetr‘s price objective would indicate a potential upside of 6.11% from the company’s current price.

A number of other research analysts have also commented on NVDA. Stifel Nicolaus increased their price objective on NVIDIA from $184.00 to $220.00 and gave the company a “hold” rating in a research report on Friday, February 9th. They noted that the move was a valuation call. B. Riley increased their price objective on NVIDIA from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Bank of America reiterated a “buy” rating and issued a $300.00 price objective (up from $275.00) on shares of NVIDIA in a research report on Friday, February 9th. BMO Capital Markets increased their price objective on NVIDIA from $200.00 to $225.00 and gave the company a “market perform” rating in a research report on Friday, February 9th. Finally, Mizuho reiterated a “buy” rating and issued a $265.00 price objective (up from $240.00) on shares of NVIDIA in a research report on Friday, February 9th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. NVIDIA presently has an average rating of “Buy” and an average target price of $210.67.

NVIDIA (NASDAQ:NVDA) opened at $232.63 on Monday. The company has a market capitalization of $140,970.00, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 4.83 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34. NVIDIA has a 12-month low of $95.17 and a 12-month high of $249.27.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.56. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period last year, the company earned $1.13 EPS. equities research analysts predict that NVIDIA will post 4.68 earnings per share for the current fiscal year.

In other NVIDIA news, Director Persis Drell sold 606 shares of NVIDIA stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the sale, the director now owns 26,104 shares of the company’s stock, valued at approximately $5,144,315.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 1,029 shares of NVIDIA stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $214.10, for a total value of $220,308.90. Following the completion of 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 a total of 22,165 shares of company stock worth $4,970,569 in the last three months. Company insiders own 5.17% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVDA. Welch Investments LLC acquired a new stake in shares of NVIDIA in the third quarter valued at about $104,000. Country Trust Bank increased its position in shares of NVIDIA by 490.0% in the fourth quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after acquiring an additional 490 shares during the last quarter. Global Trust Asset Management LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $116,000. North Star Investment Management Corp. increased its position in shares of NVIDIA by 67.3% in the fourth quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after acquiring an additional 255 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $148,000. 62.70% of the stock is currently owned by hedge funds and other institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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