NVIDIA (NASDAQ:NVDA) had its price target boosted by equities researchers at Piper Sandler from to in a research note issued to investors on Friday, The Fly reports.

Several other equities research analysts have also recently weighed in on NVDA. Barclays boosted their price target on shares of NVIDIA from $170.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Benchmark boosted their price target on shares of NVIDIA from $240.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Wells Fargo & Co boosted their price target on shares of NVIDIA from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Tuesday. New Street Research cut shares of NVIDIA from a “buy” rating to a “neutral” rating in a research report on Friday, November 15th. Finally, Argus boosted their price target on shares of NVIDIA from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $257.23.

Shares of NVIDIA stock traded up $19.01 on Friday, hitting $289.79. 26,030,581 shares of the company traded hands, compared to its average volume of 8,377,557. The stock has a market capitalization of $177.54 billion, a P/E ratio of 74.12, a price-to-earnings-growth ratio of 3.88 and a beta of 2.04. The company has a debt-to-equity ratio of 0.22, a quick ratio of 7.71 and a current ratio of 8.42. NVIDIA has a 52 week low of $132.60 and a 52 week high of $294.97. The business has a 50-day simple moving average of $245.95 and a 200 day simple moving average of $204.14.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, February 13th. The computer hardware maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.22. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. NVIDIA had a net margin of 24.08% and a return on equity of 22.02%. During the same quarter last year, the business posted $0.80 earnings per share. Research analysts expect that NVIDIA will post 4.32 earnings per share for the current year.

In other news, EVP Debora Shoquist sold 12,193 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $216.04, for a total transaction of $2,634,175.72. Following the completion of the sale, the executive vice president now directly owns 151,232 shares of the company’s stock, valued at $32,672,161.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dawn E. Hudson sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $201.87, for a total transaction of $403,740.00. Following the sale, the director now directly owns 33,037 shares of the company’s stock, valued at $6,669,179.19. The disclosure for this sale can be found here. Insiders have sold 51,785 shares of company stock valued at $11,454,424 over the last ninety days. 4.64% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Marquette Asset Management LLC lifted its stake in NVIDIA by 416.7% in the third quarter. Marquette Asset Management LLC now owns 155 shares of the computer hardware maker’s stock worth $27,000 after acquiring an additional 125 shares during the period. Howard Wealth Management LLC purchased a new stake in NVIDIA in the fourth quarter worth about $28,000. Stonebridge Financial Planning Group LLC purchased a new stake in NVIDIA in the fourth quarter worth about $28,000. Braun Bostich & Associates Inc. purchased a new stake in NVIDIA in the fourth quarter worth about $30,000. Finally, Requisite Capital Management LLC lifted its stake in NVIDIA by 21,328.6% in the fourth quarter. Requisite Capital Management LLC now owns 300,000 shares of the computer hardware maker’s stock worth $30,000 after acquiring an additional 298,600 shares during the period. 65.23% of the stock is owned by hedge funds and other institutional investors.

About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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