Other analysts have also recently issued research reports about the stock. 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 note on Tuesday. Raymond James boosted their price target on shares of NVIDIA from $180.00 to $240.00 and gave the stock an outperform rating in a research note on Friday, November 15th. BMO Capital Markets reiterated a market perform rating and issued a $200.00 price target on shares of NVIDIA in a research note on Thursday, November 14th. Tigress Financial reiterated a buy rating on shares of NVIDIA in a research note on Friday, January 24th. Finally, Nomura boosted their price target on shares of NVIDIA from $147.00 to $200.00 in a research note on Friday, November 15th. 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 issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $257.23.
Shares of NVDA traded up $19.01 during trading hours on Thursday, reaching $289.79. 26,030,581 shares of the stock traded hands, compared to its average volume of 8,377,557. The company has a current ratio of 8.42, a quick ratio of 7.71 and a debt-to-equity ratio of 0.22. NVIDIA has a 52-week low of $132.60 and a 52-week high of $294.97. The company’s 50-day moving average price is $245.95 and its two-hundred day moving average price is $204.14. The company has a market cap 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.
In related news, CFO Colette Kress sold 6,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $248.13, for a total transaction of $1,488,780.00. Following the transaction, the chief financial officer now directly owns 165,288 shares in the company, valued at approximately $41,012,911.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 20,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $212.75, for a total transaction of $4,255,000.00. Following the transaction, the director now owns 22,221 shares in the company, valued at $4,727,517.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,785 shares of company stock worth $11,454,424. Insiders own 4.64% of the company’s stock.
Large investors have recently modified their holdings of the stock. Stonebridge Financial Planning Group LLC bought a new position in NVIDIA during the 4th quarter valued at about $28,000. Howard Wealth Management LLC bought a new position in NVIDIA during the 4th quarter valued at about $28,000. Braun Bostich & Associates Inc. bought a new position in NVIDIA during the 4th quarter valued at about $30,000. Capital Wealth Alliance LLC bought a new position in NVIDIA during the 4th quarter valued at about $30,000. Finally, Wealthcare Capital Management LLC grew its holdings in NVIDIA by 44.2% during the 4th quarter. Wealthcare Capital Management LLC now owns 137 shares of the computer hardware maker’s stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 65.23% of the company’s stock.
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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