NVIDIA (NVDA) Receives Outperform Rating from Credit Suisse Group

NVIDIA (NASDAQ:NVDA)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse Group in a research report issued on Wednesday.

A number of other equities analysts have also weighed in on the company. Royal Bank of Canada dropped their price objective on NVIDIA from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, December 27th. BidaskClub lowered NVIDIA from a “hold” rating to a “sell” rating in a research note on Thursday, December 27th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research report on Monday, November 26th. Zacks Investment Research downgraded NVIDIA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 21st. Finally, BNP Paribas downgraded NVIDIA from a “neutral” rating to an “underperform” rating in a research report on Tuesday, November 20th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $255.94.

NASDAQ:NVDA traded down $0.29 during mid-day trading on Wednesday, hitting $144.94. 5,307,440 shares of the company traded hands, compared to its average volume of 14,161,923. NVIDIA has a one year low of $124.46 and a one year high of $292.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.20 and a current ratio of 7.08. The firm has a market capitalization of $86.97 billion, a PE ratio of 31.04, a P/E/G ratio of 2.07 and a beta of 2.05.



NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.06). The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.24 billion. NVIDIA had a net margin of 37.78% and a return on equity of 51.60%. Equities analysts forecast that NVIDIA will post 6.45 earnings per share for the current fiscal year.

In other news, CFO Colette Kress sold 889 shares of the stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $147.91, for a total value of $131,491.99. Following the sale, the chief financial officer now directly owns 259,912 shares in the company, valued at $38,443,583.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Debora Shoquist sold 6,345 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total value of $858,668.85. Following the completion of the sale, the executive vice president now owns 177,911 shares in the company, valued at $24,076,695.63. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Strategic Wealth Partners Ltd. raised its holdings in shares of NVIDIA by 37.6% in the third quarter. Strategic Wealth Partners Ltd. now owns 289 shares of the computer hardware maker’s stock worth $81,000 after buying an additional 79 shares during the period. Meristem Family Wealth LLC grew its stake in NVIDIA by 9.8% in the third quarter. Meristem Family Wealth LLC now owns 1,140 shares of the computer hardware maker’s stock worth $320,000 after purchasing an additional 102 shares in the last quarter. WealthPLAN Partners LLC grew its stake in NVIDIA by 5.5% in the third quarter. WealthPLAN Partners LLC now owns 2,225 shares of the computer hardware maker’s stock worth $332,000 after purchasing an additional 115 shares in the last quarter. Waldron Private Wealth LLC grew its stake in NVIDIA by 15.3% in the third quarter. Waldron Private Wealth LLC now owns 1,139 shares of the computer hardware maker’s stock worth $320,000 after purchasing an additional 151 shares in the last quarter. Finally, Avitas Wealth Management LLC grew its stake in NVIDIA by 7.8% in the third quarter. Avitas Wealth Management LLC now owns 2,391 shares of the computer hardware maker’s stock worth $672,000 after purchasing an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 67.47% of the company’s stock.

NVIDIA Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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