B. Riley Increases NVIDIA Corporation (NASDAQ:NVDA) Price Target to $250.00

NVIDIA Corporation (NASDAQ:NVDA) had its price target upped by research analysts at B. Riley from $200.00 to $250.00 in a research report issued to clients and investors on Monday, November 6th, Marketbeat Ratings reports. The firm presently has a “buy” rating on the computer hardware maker’s stock. B. Riley’s price objective would suggest a potential upside of 15.23% from the stock’s previous close. B. Riley also issued estimates for NVIDIA’s Q1 2019 earnings at $0.81 EPS, Q2 2019 earnings at $0.92 EPS, Q3 2019 earnings at $1.13 EPS and Q4 2019 earnings at $1.27 EPS.

Other research analysts have also recently issued reports about the company. Jefferies Group LLC upgraded NVIDIA to a “buy” rating in a report on Tuesday, July 11th. Needham & Company LLC restated a “buy” rating and set a $200.00 price target (up from $130.00) on shares of NVIDIA in a research note on Monday, July 10th. SunTrust Banks, Inc. upgraded NVIDIA from a “hold” rating to a “buy” rating and upped their price target for the stock from $155.88 to $177.00 in a research note on Wednesday, July 12th. Vetr lowered NVIDIA from a “strong-buy” rating to a “buy” rating and set a $174.02 price objective on the stock. in a research report on Tuesday, July 11th. Finally, BidaskClub raised NVIDIA from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $186.85.

NVIDIA (NVDA) traded up $2.03 during mid-day trading on Monday, hitting $216.96. The stock had a trading volume of 4,520,000 shares, compared to its average volume of 13,140,000. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $132,720.00, a price-to-earnings ratio of 52.94, a PEG ratio of 4.65 and a beta of 1.23. NVIDIA has a 1-year low of $84.77 and a 1-year high of $218.67.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.39. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the firm posted $0.94 earnings per share. The firm’s quarterly revenue was up 31.5% on a year-over-year basis. equities research analysts forecast that NVIDIA will post 4.13 earnings per share for the current fiscal year.

In other news, CFO Colette Kress sold 22,808 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $185.31, for a total transaction of $4,226,550.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A Brooke Seawell sold 30,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $170.19, for a total transaction of $5,105,700.00. Following the sale, the director now owns 16,507 shares of the company’s stock, valued at approximately $2,809,326.33. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 452,532 shares of company stock worth $82,218,204. Corporate insiders own 5.82% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Welch Investments LLC acquired a new stake in NVIDIA in the third quarter valued at about $104,000. Evercore Wealth Management LLC lifted its position in NVIDIA by 36.9% in the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after purchasing an additional 206 shares during the period. TB Alternative Assets Ltd. acquired a new stake in NVIDIA in the second quarter valued at about $116,000. Thompson Davis & CO. Inc. lifted its position in NVIDIA by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after purchasing an additional 6 shares during the period. Finally, Edge Advisors LLC lifted its position in NVIDIA by 98.8% in the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after purchasing an additional 415 shares during the period. Institutional investors and hedge funds own 65.28% of the company’s stock.

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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.

Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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