NVIDIA (NASDAQ:NVDA) Given Overweight Rating at Cantor Fitzgerald

NVIDIA (NASDAQ:NVDAGet Free Report)‘s stock had its “overweight” rating reissued by Cantor Fitzgerald in a report issued on Monday, Benzinga reports. They presently have a $775.00 target price on the computer hardware maker’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 23.46% from the stock’s previous close.

Several other analysts also recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $600.00 target price on shares of NVIDIA in a research note on Wednesday, November 22nd. The Goldman Sachs Group upped their price objective on NVIDIA from $605.00 to $625.00 and gave the company a “buy” rating in a research note on Wednesday, November 22nd. Edward Jones downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Benchmark reaffirmed a “buy” rating and set a $625.00 price objective on shares of NVIDIA in a research note on Wednesday, November 22nd. Finally, Sanford C. Bernstein lifted their target price on shares of NVIDIA from $675.00 to $700.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $608.30.

Get Our Latest Analysis on NVIDIA

NVIDIA Stock Up 0.5 %

Shares of NVDA opened at $627.74 on Monday. NVIDIA has a 52 week low of $189.50 and a 52 week high of $634.93. The stock has a market capitalization of $1.55 trillion, a price-to-earnings ratio of 82.82, a PEG ratio of 4.08 and a beta of 1.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.06 and a current ratio of 3.59. The stock has a fifty day moving average of $514.11 and a 200-day moving average of $473.45.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share for the quarter, topping analysts’ consensus estimates of $3.03 by $0.99. NVIDIA had a return on equity of 72.28% and a net margin of 42.10%. The firm had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $16.19 billion. During the same period last year, the business posted $0.34 EPS. The business’s revenue was up 205.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVIDIA will post 11.08 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mark A. Stevens sold 36,000 shares of the 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 owns 1,134,583 shares of the company’s stock, valued at approximately $620,560,171.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the sale, the director now owns 1,134,583 shares of the company’s stock, valued at approximately $620,560,171.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 35,648 shares of the stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total value of $19,354,368.64. Following the transaction, the director now owns 1,189,083 shares of the company’s stock, valued at approximately $645,588,833.19. The disclosure for this sale can be found here. Insiders have sold a total of 155,216 shares of company stock valued at $79,810,950 in the last 90 days. 3.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently bought and sold shares of NVDA. LFA Lugano Financial Advisors SA bought a new position in NVIDIA in the fourth quarter valued at approximately $28,000. Peoples Financial Services CORP. bought a new stake in shares of NVIDIA during the third quarter worth $30,000. Your Advocates Ltd. LLP bought a new position in NVIDIA during the 3rd quarter worth $30,000. Marquette Asset Management LLC bought a new stake in shares of NVIDIA in the 2nd quarter valued at about $34,000. Finally, Quarry LP acquired a new stake in shares of NVIDIA in the first quarter valued at about $34,000. Institutional investors own 64.79% of the company’s stock.

About NVIDIA

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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