28 Analysts think that the Price Target for NVIDIA Corporation (NASDAQ:NVDA) might hit $103.5, however, the High Price Target and Low price Target are $129 and $38, respectively. Citigroup Inc. set a $100.00 price objective on NVIDIA Corporation and gave the company a buy rating in a research report on Thursday, November 24th.
Price Target plays a critical role when it comes to the Analysis of a Stock.
In a report issued on February 2, RBC Capital also reiterated a Buy rating on the stock with a $124 price target. The mean price target is $10 (according to consensus of 17 analysts).
NVIDIA Corporation (NASDAQ:NVDA) plunged -0.44% with the closing price of $118.61. The stock has a market cap of $63.93 billion, a PE ratio of 60.61 and a beta of 1.31. Investors who are keeping close eye on the stock of NVIDIA Corporation (NASDAQ:NVDA) established that the company was able to keep return on investment at 17.26 in the trailing twelve month while Reuters data showed that industry's average stands at 1.20 and sector's optimum level is 9.48.
Moving toward other technical indicators, stock is wondering in considerable region as it has 20 days moving average of 9.18% and struggles for 50 days moving average of buoyant run is 14.99%. In NVIDIA Corporation (NASDAQ:NVDA)'s last 12 earnings reports, it has beaten EPS estimates 91% of the time. The computer hardware maker reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.37.
For the fourth quarter, the analyst projects Gaming will experience 6% quarter-over-quarter growth to $1,319MM and Automotive will rise 13% quarter-over-quarter to $143M, which would mean a beat compared to consensus expectations of $1,304M for Gaming and $135M for Automotive. Past 5 years growth of NVIDIA Corporation (NASDAQ:NVDA) observed at 19.91%, and for the next five years the analysts that follow this company are expecting its growth at 31.98%. The firm's revenue was up 53.6% on a year-over-year basis. During the same quarter a year ago, the company earned $0.44 EPS. On average, equities research analysts anticipate that NVIDIA Corporation will post $2.41 earnings per share for the current year. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. The insider owns 1,710,206 shares which have current market value of around $202847533.66.Ajay K. Puri is another major inside shareholder in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
In related news, EVP Debora Shoquist sold 19,265 shares of the firm's stock in a transaction that occurred on Thursday, December 29th. The stock was sold at an average price of $87.74, for a total value of $3,070,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 155,931 shares of company stock valued at $16,194,578.
Hedge funds have recently modified their holdings of the company.
Nonetheless, and in the immediate aftermath of reporting, investor reaction in NVIDIA Corporation (NVDA) stock has proven to be much more bearish. The stock appeared $120.92 above its 52-week highs and is up 4.09% for the last five trades. Geneva Advisors LLC now owns 41,145 shares of the computer hardware maker's stock valued at $2,819,000 after buying an additional 26,285 shares during the period. Emerald Advisers Inc. PA bought a new stake in NVIDIA Corporation during the second quarter valued at approximately $400,000. Prudential Financial Inc. now owns 807,170 shares of the computer hardware maker's stock valued at $55,307,000 after buying an additional 23,712 shares during the period. The Company operates through segments, including GPU and Tegra Processor.