Stifel Nicolaus Reiterates Buy Rating for NVIDIA (NASDAQ:NVDA)

NVIDIA (NASDAQ:NVDAGet Free Report)‘s stock had its “buy” rating reissued by equities researchers at Stifel Nicolaus in a research note issued on Wednesday, Benzinga reports. They currently have a $910.00 price target on the computer hardware maker’s stock. Stifel Nicolaus’ target price suggests a potential downside of 0.48% from the company’s current price.

A number of other research analysts have also issued reports on the stock. The Goldman Sachs Group upped their price target on shares of NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a research note on Wednesday. Wedbush restated an “outperform” rating and set a $1,000.00 price objective on shares of NVIDIA in a research note on Tuesday. Wolfe Research lifted their price objective on shares of NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Loop Capital started coverage on shares of NVIDIA in a research note on Friday, February 16th. They set a “buy” rating and a $1,200.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $885.90.

Check Out Our Latest Report on NVIDIA

NVIDIA Price Performance

Shares of NVDA stock opened at $914.35 on Wednesday. The company has a market cap of $2.29 trillion, a P/E ratio of 76.58, a PEG ratio of 1.35 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The stock’s 50-day moving average is $728.43 and its 200 day moving average is $555.79. NVIDIA has a 1-year low of $258.50 and a 1-year high of $974.00.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same period last year, the business earned $0.65 EPS. The company’s revenue was up 265.3% compared to the same quarter last year. Research analysts predict that NVIDIA will post 22.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Debora Shoquist sold 5,676 shares of NVIDIA stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $500.00, for a total value of $2,838,000.00. Following the transaction, the executive vice president now directly owns 48,360 shares in the company, valued at $24,180,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Debora Shoquist sold 5,676 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $500.00, for a total value of $2,838,000.00. Following the sale, the executive vice president now directly owns 48,360 shares in the company, valued at approximately $24,180,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 36,000 shares of the company’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $546.95, for a total value of $19,690,200.00. Following the transaction, the director now directly owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The disclosure for this sale can be found here. Insiders sold 104,774 shares of company stock valued at $64,322,528 over the last quarter. Insiders own 3.99% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Large investors have recently modified their holdings of the business. Guardian Capital Advisors LP lifted its stake in NVIDIA by 3.0% in the 4th quarter. Guardian Capital Advisors LP now owns 541 shares of the computer hardware maker’s stock valued at $283,000 after purchasing an additional 16 shares during the last quarter. Wealthcare Capital Management LLC lifted its position in NVIDIA by 1.6% during the fourth quarter. Wealthcare Capital Management LLC now owns 1,013 shares of the computer hardware maker’s stock worth $502,000 after acquiring an additional 16 shares during the last quarter. American National Bank lifted its position in NVIDIA by 0.3% during the fourth quarter. American National Bank now owns 5,563 shares of the computer hardware maker’s stock worth $2,755,000 after acquiring an additional 16 shares during the last quarter. Core Wealth Advisors Inc. increased its holdings in shares of NVIDIA by 2.6% during the fourth quarter. Core Wealth Advisors Inc. now owns 640 shares of the computer hardware maker’s stock worth $317,000 after purchasing an additional 16 shares during the period. Finally, Lodestar Private Asset Management LLC increased its holdings in shares of NVIDIA by 1.0% during the fourth quarter. Lodestar Private Asset Management LLC now owns 1,652 shares of the computer hardware maker’s stock worth $818,000 after purchasing an additional 17 shares during the period. 64.79% of the stock is currently owned by institutional investors and hedge funds.

About NVIDIA

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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