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.
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.
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.
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