SunTrust Banks Increases NVIDIA (NASDAQ:NVDA) Price Target to $314.00

Share on StockTwits

NVIDIA (NASDAQ:NVDA) had its price target raised by stock analysts at SunTrust Banks from $273.00 to $314.00 in a note issued to investors on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the computer hardware maker’s stock. SunTrust Banks’ price objective would indicate a potential upside of 8.35% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Piper Sandler reiterated a “buy” rating and issued a $275.00 price objective on shares of NVIDIA in a research note on Thursday, January 23rd. UBS Group upped their price objective on shares of NVIDIA from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Argus upped their price objective on shares of NVIDIA from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Susquehanna Bancshares upped their price objective on shares of NVIDIA from $285.00 to $310.00 and gave the company a “positive” rating in a research note on Wednesday. Finally, Cowen upped their price objective on shares of NVIDIA from $195.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. NVIDIA has an average rating of “Buy” and a consensus price target of $259.69.

NVIDIA stock opened at $289.79 on Thursday. The firm has a market cap of $165.72 billion, a PE ratio of 59.12, a P/E/G ratio of 4.00 and a beta of 2.04. The company has a debt-to-equity ratio of 0.22, a quick ratio of 7.71 and a current ratio of 8.42. The firm’s 50 day moving average price is $245.95 and its two-hundred day moving average price is $204.14. NVIDIA has a twelve month low of $132.60 and a twelve month high of $294.97.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, February 13th. The computer hardware maker reported $1.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.22. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. NVIDIA had a net margin of 25.60% and a return on equity of 27.19%. During the same quarter in the prior year, the business earned $0.80 EPS. Equities analysts anticipate that NVIDIA will post 5.97 EPS for the current fiscal year.

In related news, CFO Colette Kress sold 6,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $248.13, for a total value of $1,488,780.00. Following the transaction, the chief financial officer now directly owns 165,288 shares in the company, valued at approximately $41,012,911.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert K. Burgess sold 8,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director now owns 13,894 shares in the company, valued at $3,205,484.74. The disclosure for this sale can be found here. Insiders sold a total of 51,785 shares of company stock worth $11,454,424 over the last quarter. 4.64% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of NVDA. State Street Corp boosted its holdings in NVIDIA by 1.4% in the 4th quarter. State Street Corp now owns 24,989,675 shares of the computer hardware maker’s stock valued at $5,880,071,000 after purchasing an additional 342,849 shares during the period. Baillie Gifford & Co. boosted its holdings in NVIDIA by 2.8% in the 4th quarter. Baillie Gifford & Co. now owns 7,711,347 shares of the computer hardware maker’s stock valued at $1,814,480,000 after purchasing an additional 210,550 shares during the period. Loomis Sayles & Co. L P boosted its holdings in NVIDIA by 2.6% in the 4th quarter. Loomis Sayles & Co. L P now owns 5,827,815 shares of the computer hardware maker’s stock valued at $1,371,284,000 after purchasing an additional 149,366 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in NVIDIA by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,626,261 shares of the computer hardware maker’s stock valued at $617,960,000 after purchasing an additional 57,433 shares during the period. Finally, GQG Partners LLC bought a new stake in NVIDIA in the 4th quarter valued at $572,319,000. Institutional investors and hedge funds own 65.23% of the company’s stock.

About NVIDIA

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.

Recommended Story: What sectors are represented in the Nikkei Index?

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.