NVIDIA (NASDAQ:NVDA) Stock Rating Reaffirmed by Citigroup

NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reiterated by Citigroup in a research note issued to investors on Monday, TipRanks reports. They presently have a $245.00 price target on the computer hardware maker’s stock. Citigroup‘s target price indicates a potential upside of 14.50% from the stock’s previous close.

NVDA has been the topic of a number of other reports. SunTrust Banks lifted their target price on NVIDIA from $216.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 15th. They noted that the move was a valuation call. Evercore ISI lifted their target price on NVIDIA from $185.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Craig Hallum upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $255.00 target price on the stock in a report on Friday, November 15th. Mizuho lifted their target price on NVIDIA from $185.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Susquehanna Bancshares lifted their target price on NVIDIA from $190.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $218.38.

Shares of NVDA stock opened at $213.98 on Monday. NVIDIA has a 1 year low of $124.46 and a 1 year high of $221.41. The stock has a market cap of $130.76 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 4.82 and a beta of 2.06. The business’s fifty day moving average is $208.24 and its 200-day moving average is $175.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 7.71 and a current ratio of 8.42.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, November 14th. The computer hardware maker reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.21. NVIDIA had a return on equity of 22.02% and a net margin of 24.08%. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same period last year, the firm earned $1.84 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities research analysts predict that NVIDIA will post 4.32 earnings per share for the current year.

In related news, CFO Colette Kress sold 31,357 shares of NVIDIA stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $179.01, for a total transaction of $5,613,216.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Persis Drell sold 165 shares of NVIDIA stock in a transaction on Monday, September 16th. The shares were sold at an average price of $180.45, for a total value of $29,774.25. Following the sale, the director now directly owns 18,019 shares of the company’s stock, valued at approximately $3,251,528.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,344 shares of company stock valued at $13,074,601. 4.64% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVDA. Pacific Center for Financial Services boosted its position in NVIDIA by 143.1% during the second quarter. Pacific Center for Financial Services now owns 158 shares of the computer hardware maker’s stock valued at $26,000 after purchasing an additional 93 shares during the last quarter. LLBH Private Wealth Management LLC acquired a new stake in NVIDIA during the second quarter valued at $27,000. Marquette Asset Management LLC boosted its position in NVIDIA by 416.7% during the third quarter. Marquette Asset Management LLC now owns 155 shares of the computer hardware maker’s stock valued at $27,000 after purchasing an additional 125 shares during the last quarter. Investors Research Corp boosted its position in NVIDIA by 313.0% during the third quarter. Investors Research Corp now owns 190 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 144 shares during the last quarter. Finally, Ruggie Capital Group acquired a new stake in shares of NVIDIA in the second quarter worth about $35,000. 65.04% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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