BidaskClub upgraded shares of NVIDIA (NASDAQ:NVDA) from a sell rating to a hold rating in a research note released on Tuesday morning.

A number of other research analysts also recently weighed in on NVDA. B. Riley reissued a neutral rating and issued a $190.00 price objective (down from $240.00) on shares of NVIDIA in a research note on Friday, November 16th. BMO Capital Markets cut their price objective on NVIDIA from $225.00 to $175.00 and set a market perform rating on the stock in a research note on Friday, November 16th. Oppenheimer reaffirmed an outperform rating and issued a $250.00 target price on shares of NVIDIA in a report on Wednesday, January 9th. Deutsche Bank lowered their target price on NVIDIA from $260.00 to $190.00 and set a hold rating on the stock in a report on Friday, November 16th. Finally, Raymond James lowered their target price on NVIDIA from $300.00 to $250.00 and set a buy rating on the stock in a report on Friday, November 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-six have given a buy rating to the company. NVIDIA has an average rating of Buy and a consensus target price of $250.64.

Shares of NVDA traded up $3.58 during midday trading on Tuesday, reaching $155.30. 441,206 shares of the stock were exchanged, compared to its average volume of 14,536,224. NVIDIA has a 12-month low of $124.46 and a 12-month high of $292.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.08 and a quick ratio of 6.20. The company has a market capitalization of $90.79 billion, a PE ratio of 33.25, a price-to-earnings-growth ratio of 2.16 and a beta of 2.05.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.06). NVIDIA had a net margin of 37.78% and a return on equity of 51.60%. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.24 billion. On average, equities research analysts expect that NVIDIA will post 6.45 earnings per share for the current fiscal year.

In other NVIDIA news, EVP Debora Shoquist sold 6,345 shares of NVIDIA stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total value of $858,668.85. Following the completion of the transaction, the executive vice president now owns 177,911 shares in the company, valued at approximately $24,076,695.63. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 889 shares of NVIDIA stock in a transaction on Friday, December 14th. The shares were sold at an average price of $147.91, for a total value of $131,491.99. Following the completion of the transaction, the chief financial officer now owns 259,912 shares of the company’s stock, valued at approximately $38,443,583.92. The disclosure for this sale can be found here. 4.70% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of NVDA. FMR LLC grew its position in NVIDIA by 1.5% during the third quarter. FMR LLC now owns 49,322,285 shares of the computer hardware maker’s stock worth $13,860,548,000 after buying an additional 727,863 shares in the last quarter. Vanguard Group Inc. grew its position in NVIDIA by 4.0% during the third quarter. Vanguard Group Inc. now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after buying an additional 1,693,736 shares in the last quarter. Vanguard Group Inc grew its position in NVIDIA by 4.0% during the third quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after buying an additional 1,693,736 shares in the last quarter. BlackRock Inc. grew its position in NVIDIA by 0.9% during the third quarter. BlackRock Inc. now owns 38,929,045 shares of the computer hardware maker’s stock worth $10,939,840,000 after buying an additional 366,217 shares in the last quarter. Finally, Jennison Associates LLC grew its position in NVIDIA by 10.9% during the third quarter. Jennison Associates LLC now owns 8,650,557 shares of the computer hardware maker’s stock worth $2,430,980,000 after buying an additional 850,445 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

NVIDIA Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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