NVIDIA (NASDAQ:NVDA) had its price objective raised by Cascend Securities from $280.00 to $300.00 in a report issued on Thursday morning, BenzingaRatingsTable reports. Cascend Securities currently has a buy rating on the computer hardware maker’s stock.

NVDA has been the subject of a number of other research reports. Wells Fargo & Co increased their price target on shares of NVIDIA from $270.00 to $290.00 and gave the company an overweight rating in a report on Tuesday. SunTrust Banks increased their price target on shares of NVIDIA from $273.00 to $314.00 and gave the company a buy rating in a report on Thursday. Citigroup reiterated a buy rating and issued a $245.00 price target on shares of NVIDIA in a report on Friday, January 10th. Deutsche Bank increased their price target on shares of NVIDIA from $160.00 to $190.00 and gave the company a hold rating in a report on Monday, November 11th. Finally, Jefferies Financial Group reiterated a buy rating and issued a $315.00 price target (up previously from $255.00) on shares of NVIDIA in a report on Wednesday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $255.75.

Shares of NVDA traded up $19.01 during trading hours on Thursday, reaching $289.79. The company had a trading volume of 26,030,581 shares, compared to its average volume of 8,377,557. The firm has a 50 day simple moving average of $245.95 and a 200-day simple moving average of $204.14. The company has a current ratio of 8.42, a quick ratio of 7.71 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $177.54 billion, a price-to-earnings ratio of 74.12, a PEG ratio of 3.88 and a beta of 2.04. NVIDIA has a 12-month low of $132.60 and a 12-month high of $294.97.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, February 13th. The computer hardware maker reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.22. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. NVIDIA had a net margin of 24.08% and a return on equity of 22.02%. During the same quarter last year, the firm posted $0.80 EPS. Sell-side analysts forecast that NVIDIA will post 4.32 earnings per share for the current year.

In other NVIDIA news, Director Robert K. Burgess sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $230.71, for a total transaction of $1,845,680.00. Following the sale, the director now directly owns 13,894 shares of the company’s stock, valued at approximately $3,205,484.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A Brooke Seawell sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $212.75, for a total transaction of $4,255,000.00. Following the sale, the director now directly owns 22,221 shares in the company, valued at $4,727,517.75. The disclosure for this sale can be found here. Insiders have sold a total of 51,785 shares of company stock worth $11,454,424 over the last ninety days. 4.64% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVDA. Duff & Phelps Investment Management Co. boosted its position in shares of NVIDIA by 3.2% in the third quarter. Duff & Phelps Investment Management Co. now owns 6,790 shares of the computer hardware maker’s stock worth $1,182,000 after acquiring an additional 210 shares during the last quarter. DNB Asset Management AS boosted its position in shares of NVIDIA by 9.2% in the third quarter. DNB Asset Management AS now owns 62,643 shares of the computer hardware maker’s stock worth $10,904,000 after acquiring an additional 5,260 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of NVIDIA in the third quarter worth approximately $240,000. Signaturefd LLC boosted its position in shares of NVIDIA by 8.5% in the third quarter. Signaturefd LLC now owns 4,398 shares of the computer hardware maker’s stock worth $766,000 after acquiring an additional 344 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC boosted its position in shares of NVIDIA by 122.3% in the third quarter. Osborn Williams & Donohoe LLC now owns 5,435 shares of the computer hardware maker’s stock worth $946,000 after acquiring an additional 2,990 shares during the last quarter. 65.23% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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