Home Computer graphics NVIDIA (NASDAQ: NVDA) Receives New Price Target of $ 320.00 at Wells Fargo & Company

NVIDIA (NASDAQ: NVDA) Receives New Price Target of $ 320.00 at Wells Fargo & Company

0


NVIDIA (NASDAQ: NVDA) saw its price target reinforced by research analysts from Wells Fargo & Company from $ 245.00 to $ 320.00 in a research note issued on Thursday, Fly reports. The brokerage firm is currently “overweight” on shares of the hardware maker. Wells Fargo & CompanyThe price target for s indicates a potential rise of 20.31% from the previous close of the share.

A number of other research companies have also recently commented on NVDA. Benchmark began covering NVIDIA stocks in a research report on Friday, August 20. They issued a “buy” rating and a price target of $ 230.00 for the company. Jefferies Financial Group raised its target price on NVIDIA from $ 214.00 to $ 223.00 and gave the stock a “buy” rating in a report released on Thursday, August 19. Oppenheimer raised its target price on NVIDIA from $ 175.00 to $ 231.25 and gave the stock an “outperformance” rating in a report released Thursday, July 8. Summit Insights downgraded NVIDIA from a “sell” rating to a “buy” rating in a report released on Friday, October 22. Finally, Citigroup raised its price target on NVIDIA from $ 180.00 to $ 223.00 and gave the stock a “buy” rating in a report released on Thursday, July 22. Two research analysts rated the stock with a conservation rating, twenty-nine issued a buy rating and one issued a strong buy rating for the company. According to MarketBeat, NVIDIA has an average “Buy” rating and a consensus price target of $ 223.66.

(A d)

This action is the best thing that has ever happened to SMEs.

NVDA opened at $ 265.98 on Thursday. The company has a rapid ratio of 5.33, a current ratio of 5.80 and a debt ratio of 0.52. NVIDIA has a 12-month low of $ 115.67 and a 12-month high of $ 267.84. The company has a fifty-day simple moving average of $ 223.29 and a 200-day simple moving average of $ 194.31. The stock has a market cap of $ 662.82 billion, a P / E ratio of 94.82, a P / E / G ratio of 3.79 and a beta of 1.46.

NVIDIA (NASDAQ: NVDA) last released its quarterly earnings data on Tuesday, August 17. The hardware maker reported EPS of $ 1.04 for the quarter, beating the Zacks’ consensus estimate of $ 1.02 by $ 0.02. NVIDIA had a net margin of 32.33% and a return on equity of 40.88%. The company posted revenue of $ 6.51 billion in the quarter, compared to $ 6.34 billion expected by analysts. In the same quarter of the previous year, the company achieved EPS of $ 0.54. The company’s quarterly revenue increased 68.3% year-over-year. On average, equity research analysts expect NVIDIA to post earnings per share of 3.49 for the current fiscal year.

In other NVIDIA news, director Robert K. Burgess sold 20,000 shares of the company in a transaction that took place on Tuesday, August 24. The shares were sold at an average price of $ 218.38, for a total trade of $ 4,367,600.00. The sale was disclosed in a file with the Securities & Exchange Commission, which is available through the SEC website. Also, director Persis drell sold 10,000 shares of the company in a transaction that took place on Friday August 20. The stock was sold at an average price of $ 203.41, for a total trade of $ 2,034,100.00. Disclosure of this sale can be found here. Insiders sold a total of 40,000 shares of the company valued at $ 8,488,500 during the last quarter. 4.23% of the shares are currently held by insiders of the company.

Several institutional investors and hedge funds have recently changed their positions in NVDA. Marquette Asset Management LLC increased its stake in NVIDIA shares by 300.0% during the third quarter. Marquette Asset Management LLC now owns 120 shares of the computer hardware maker valued at $ 25,000 after purchasing an additional 90 shares during the period. HBC Financial Services PLLC increased its stake in NVIDIA shares by 300.0% during the third quarter. HBC Financial Services PLLC now owns 120 shares of the computer hardware maker valued at $ 25,000 after purchasing an additional 90 shares during the period. Global Trust Asset Management LLC increased its stake in NVIDIA by 300.0% in the third quarter. Global Trust Asset Management LLC now owns 124 shares of the hardware maker valued at $ 26,000 after acquiring 93 additional shares in the last quarter. Baldrige Asset Management LLC increased its stake in NVIDIA by 300.0% in the third quarter. Baldrige Asset Management LLC now owns 148 shares of the hardware maker valued at $ 31,000 after acquiring 111 additional shares in the last quarter. Finally, Macroview Investment Management LLC increased its stake in NVIDIA by 344.4% in the third quarter. Macroview Investment Management LLC now owns 160 shares of the hardware maker valued at $ 33,000 after acquiring 124 more shares in the last quarter. 19.24% of the shares are currently held by institutional investors.

About NVIDIA

NVIDIA Corp. is engaged in the design and manufacture of computer graphics processors, chipsets and related multimedia software. It operates through the following segments: graphics processing unit (GPU), Tegra processor and all others. The GPU segment includes product brands, which target specialty markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for users of cloud-based visual computing.

Read more: Understanding and negotiating actions in the event of a break-up

The fly logo

Analyst Recommendations for NVIDIA (NASDAQ: NVDA)

This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in NVIDIA now?

Before you consider NVIDIA, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and NVIDIA was not on the list.

While NVIDIA currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here


LEAVE A REPLY

Please enter your comment!
Please enter your name here