NVIDIA Corporation (NASDAQ:NVDA)‘s stock had its “hold” rating reaffirmed by stock analysts at J P Morgan Chase & Co in a research report issued on Friday. They presently have a $207.00 price target on the computer hardware maker’s stock. J P Morgan Chase & Co’s target price suggests a potential downside of 4.23% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. B. Riley reissued a “buy” rating and issued a $200.00 target price (up previously from $135.00) on shares of NVIDIA Corporation in a research note on Monday, August 7th. Citigroup Inc. reissued a “buy” rating and issued a $240.00 target price on shares of NVIDIA Corporation in a research note on Friday. Stifel Nicolaus reissued a “hold” rating and issued a $110.00 target price on shares of NVIDIA Corporation in a research note on Friday, August 11th. MKM Partners reissued a “neutral” rating and issued a $120.00 target price (up previously from $106.00) on shares of NVIDIA Corporation in a research note on Monday, August 14th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $140.00 target price on shares of NVIDIA Corporation in a research note on Wednesday, August 16th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $183.27.

Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at $216.14 on Friday. NVIDIA Corporation has a 1 year low of $78.50 and a 1 year high of $218.67. The company has a quick ratio of 6.99, a current ratio of 7.82 and a debt-to-equity ratio of 0.33. The company has a market cap of $129,684.00, a PE ratio of 53.24, a P/E/G ratio of 5.34 and a beta of 1.23.

NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 43.42%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the company posted $0.94 EPS. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. analysts anticipate that NVIDIA Corporation will post 3.61 earnings per share for the current fiscal year.

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In other news, CFO Colette Kress sold 22,808 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $185.31, for a total transaction of $4,226,550.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark L. Perry sold 16,281 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $162.24, for a total value of $2,641,429.44. Following the transaction, the director now directly owns 48,069 shares in the company, valued at $7,798,714.56. The disclosure for this sale can be found here. Insiders have sold 452,784 shares of company stock worth $81,437,724 over the last three months. Corporate insiders own 5.82% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Cibc World Markets Corp boosted its stake in NVIDIA Corporation by 12.1% during the second quarter. Cibc World Markets Corp now owns 128,316 shares of the computer hardware maker’s stock valued at $18,549,000 after buying an additional 13,802 shares in the last quarter. Meiji Yasuda Life Insurance Co boosted its stake in NVIDIA Corporation by 9.9% during the second quarter. Meiji Yasuda Life Insurance Co now owns 11,070 shares of the computer hardware maker’s stock valued at $1,600,000 after buying an additional 1,000 shares in the last quarter. RB Capital Management LLC bought a new position in NVIDIA Corporation during the second quarter valued at about $272,000. Oppenheimer Asset Management Inc. boosted its stake in NVIDIA Corporation by 17.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 18,786 shares of the computer hardware maker’s stock valued at $2,715,000 after buying an additional 2,836 shares in the last quarter. Finally, D. Scott Neal Inc. bought a new position in NVIDIA Corporation during the second quarter valued at about $258,000. 65.59% of the stock is currently owned by institutional investors.

About NVIDIA Corporation

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 Corporation (NASDAQ:NVDA)

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