NVIDIA’s (NASDAQ:NVDA) “Buy” Rating Reaffirmed at B. Riley

NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a report issued on Monday, January 8th. They presently have a $270.00 price objective on the computer hardware maker’s stock. B. Riley’s price objective indicates a potential upside of 22.67% from the stock’s current price.

NVDA has been the topic of several other research reports. Citigroup reissued a “buy” rating and set a $210.00 price objective (up previously from $185.00) on shares of NVIDIA in a research note on Friday, September 29th. Vetr cut shares of NVIDIA from a “strong-buy” rating to a “buy” rating and set a $217.46 price objective for the company. in a report on Wednesday, January 3rd. Goldman Sachs Group restated a “buy” rating and set a $228.00 target price on shares of NVIDIA in a research report on Friday, January 5th. Bank of America set a $210.00 target price on shares of NVIDIA and gave the company a “buy” rating in a research report on Thursday, October 12th. Finally, Needham & Company LLC upped their price target on shares of NVIDIA from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $192.45.

Shares of NVIDIA (NVDA) opened at $220.11 on Monday. 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 cap of $133,390.00, a P/E ratio of 55.03, a price-to-earnings-growth ratio of 5.19 and a beta of 1.18. NVIDIA has a 52 week low of $95.17 and a 52 week high of $227.51.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.39. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The firm’s revenue was up 31.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 EPS. equities analysts anticipate that NVIDIA will post 4.19 earnings per share for the current fiscal year.

In related news, Director Dawn E. Hudson sold 15,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $213.44, for a total transaction of $3,201,600.00. Following the sale, the director now owns 46,868 shares of the company’s stock, valued at $10,003,505.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Persis Drell sold 606 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $197.07, for a total value of $119,424.42. Following the sale, the director now directly owns 26,104 shares in the company, valued at approximately $5,144,315.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,858 shares of company stock worth $4,227,384. Corporate insiders own 5.17% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Welch Investments LLC purchased a new stake in shares of NVIDIA during the 3rd quarter valued at about $104,000. Country Trust Bank raised its holdings in shares of NVIDIA by 490.0% during the 4th quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock valued at $114,000 after buying an additional 490 shares during the period. North Star Investment Management Corp. raised its holdings in shares of NVIDIA by 67.3% during the 4th quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock valued at $123,000 after buying an additional 255 shares during the period. Evercore Wealth Management LLC raised its holdings in shares of NVIDIA by 36.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after buying an additional 206 shares during the period. Finally, Edge Advisors LLC raised its holdings in shares of NVIDIA by 98.8% during the 3rd quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after buying an additional 415 shares during the period. Institutional investors and hedge funds own 63.40% 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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