2 weeks Ago By ABMN Staff
NVIDIA ( NASDAQ:NVDA – Get Free Report ) ‘s stock had its “overweight” rating reissued by equities research analysts at Piper Sandler in a note issued to investors on Thursday, Benzinga reports. They currently have a $140.00 target price on the computer hardware maker’s stock.
Piper Sandler’s price target indicates a potential upside of 17.28% from the company’s previous close. A number of other equities analysts have also recently commented on the stock.
DA Davidson reaffirmed a “neutral” rating and set a $90.00 price objective on shares of NVIDIA in a research report on Thursday. StockNews.
com downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 18th. Barclays lowered their price target on shares of NVIDIA from $1,200.00 to $145.
00 and set an “overweight” rating on the stock in a report on Monday, June 10th. DZ Bank cut NVIDIA from a “buy” rating to a “hold” rating and set a $102.50 price objective for the company.
in a report on Friday, May 24th. Finally, TD Cowen increased their target price on NVIDIA from $140.00 to $165.
00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Five equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $142.
10. View Our Latest Research Report on NVDA NVIDIA Stock Up 1.5 % NVIDIA ( NASDAQ:NVDA – Get Free Report ) last announced its quarterly earnings results on Wednesday, August 28th.
The computer hardware maker reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.
04. NVIDIA had a return on equity of 110.60% and a net margin of 53.
40%. The firm had revenue of $30.04 billion for the quarter, compared to the consensus estimate of $28.
74 billion. During the same quarter in the previous year, the business earned $0.25 earnings per share.
The business’s revenue was up 122.4% compared to the same quarter last year. Sell-side analysts anticipate that NVIDIA will post 2.
53 earnings per share for the current year. NVIDIA announced that its board has authorized a share repurchase program on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in outstanding shares.
This buyback authorization authorizes the computer hardware maker to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
Insider Transactions at NVIDIA In related news, Director Mark A. Stevens sold 89,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $113.
92, for a total transaction of $10,138,880.00. Following the sale, the director now owns 10,162,940 shares of the company’s stock, valued at approximately $1,157,762,124.
80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink . In related news, Director Mark A.
Stevens sold 89,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $113.92, for a total value of $10,138,880.
00. Following the completion of the transaction, the director now owns 10,162,940 shares in the company, valued at approximately $1,157,762,124.80.
The sale was disclosed in a document filed with the SEC, which can be accessed through this link . Also, EVP Ajay K. Puri sold 100,110 shares of the business’s stock in a transaction that occurred on Friday, July 12th.
The stock was sold at an average price of $130.10, for a total transaction of $13,024,311.00.
Following the sale, the executive vice president now directly owns 3,939,350 shares in the company, valued at $512,509,435. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 4,021,333 shares of company stock worth $599,173,182.
Corporate insiders own 4.23% of the company’s stock. Institutional Inflows and Outflows Hedge funds and other institutional investors have recently bought and sold shares of the stock.
Creekside Partners acquired a new stake in shares of NVIDIA in the second quarter valued at about $1,982,000. NCP Inc. increased its position in NVIDIA by 922.
3% during the 2nd quarter. NCP Inc. now owns 179,890 shares of the computer hardware maker’s stock valued at $22,224,000 after purchasing an additional 162,293 shares during the period.
Brown Financial Advisors bought a new position in NVIDIA during the 2nd quarter worth approximately $3,697,000. Gordian Capital Singapore Pte Ltd lifted its position in shares of NVIDIA by 442.6% in the 2nd quarter.
Gordian Capital Singapore Pte Ltd now owns 128,095 shares of the computer hardware maker’s stock worth $15,825,000 after purchasing an additional 104,488 shares during the period. Finally, Centennial Bank AR boosted its stake in shares of NVIDIA by 1,205.3% in the 2nd quarter.
Centennial Bank AR now owns 979 shares of the computer hardware maker’s stock valued at $121,000 after purchasing an additional 904 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.
About NVIDIA ( Get Free Report ) 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. Read More Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.
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