NVIDIA Co. (NASDAQ:NVDA) Given Consensus Recommendation of “Buy” by Brokerages

Shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) have been assigned an average rating of “Buy” from the thirty-five research firms that are presently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, twenty-two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $306.79.

NVDA has been the topic of a number of research analyst reports. Barclays decreased their price objective on shares of NVIDIA from $350.00 to $295.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Oppenheimer reduced their target price on shares of NVIDIA from $350.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, May 19th. Credit Suisse Group reaffirmed a “buy” rating and issued a $400.00 target price on shares of NVIDIA in a research note on Friday, March 18th. Wells Fargo & Company reduced their target price on shares of NVIDIA from $370.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Rosenblatt Securities reissued a “buy” rating and set a $400.00 price objective on shares of NVIDIA in a research note on Thursday, February 17th.

Shares of NASDAQ:NVDA opened at $168.98 on Tuesday. NVIDIA has a 12 month low of $151.76 and a 12 month high of $346.47. The company’s 50-day moving average price is $218.87 and its two-hundred day moving average price is $253.39. The company has a quick ratio of 6.05, a current ratio of 6.65 and a debt-to-equity ratio of 0.41. The firm has a market cap of $492.20 billion, a P/E ratio of 43.92, a P/E/G ratio of 2.16 and a beta of 1.59.

In other NVIDIA news, Director Mark L. Perry sold 16,716 shares of the firm’s stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $263.80, for a total transaction of $4,409,680.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 292,340 shares of the firm’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $237.12, for a total transaction of $69,319,660.80. The disclosure for this sale can be found here. Insiders have sold 409,056 shares of company stock valued at $101,135,342 over the last 90 days. Company insiders own 4.47% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. OLD Mission Capital LLC bought a new stake in shares of NVIDIA during the third quarter worth $293,000. Keudell Morrison Wealth Management grew its stake in shares of NVIDIA by 305.2% during the third quarter. Keudell Morrison Wealth Management now owns 2,273 shares of the computer hardware maker’s stock worth $471,000 after buying an additional 1,712 shares during the last quarter. Center for Financial Planning Inc. grew its stake in shares of NVIDIA by 570.6% during the third quarter. Center for Financial Planning Inc. now owns 228 shares of the computer hardware maker’s stock worth $47,000 after buying an additional 194 shares during the last quarter. New World Advisors LLC grew its stake in shares of NVIDIA by 227.3% during the third quarter. New World Advisors LLC now owns 1,509 shares of the computer hardware maker’s stock worth $343,000 after buying an additional 1,048 shares during the last quarter. Finally, EagleClaw Capital Managment LLC grew its stake in shares of NVIDIA by 292.7% during the third quarter. EagleClaw Capital Managment LLC now owns 49,804 shares of the computer hardware maker’s stock worth $10,318,000 after buying an additional 37,123 shares during the last quarter. 55.19% of the stock is currently owned by institutional investors.

NVIDIA Company Profile (Get Rating)

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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