NVIDIA’s (NVDA) Overweight Rating Reiterated at Cantor Fitzgerald

NVIDIA (NASDAQ:NVDA)‘s stock had its “overweight” rating reiterated by stock analysts at Cantor Fitzgerald in a research note issued on Thursday,Benzinga reports. They presently have a $200.00 price target on the computer hardware maker’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 57.72% from the stock’s current price.

A number of other equities analysts have also recently issued reports on NVDA. Loop Capital reissued a “buy” rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, November 20th. Needham & Company LLC reissued a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a report on Thursday. Truist Financial upped their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a report on Wednesday. Finally, Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Thursday, February 20th. Five analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.62.

NVIDIA Price Performance

NASDAQ NVDA traded down $4.48 on Thursday, reaching $126.80. The company’s stock had a trading volume of 185,761,167 shares, compared to its average volume of 264,358,938. NVIDIA has a 52 week low of $75.61 and a 52 week high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.11 trillion, a PE ratio of 49.83, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. The business has a 50-day moving average price of $134.60 and a 200 day moving average price of $131.89.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. The trade was a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,107,632 shares of company stock valued at $146,405,286 in the last quarter. 4.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NVDA. Ironwood Wealth Management LLC. increased its holdings in NVIDIA by 896.9% during the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after buying an additional 5,695 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of NVIDIA in the 2nd quarter valued at about $31,000. Beck Bode LLC raised its stake in NVIDIA by 698.5% in the second quarter. Beck Bode LLC now owns 182,866 shares of the computer hardware maker’s stock valued at $22,591,000 after buying an additional 159,966 shares during the period. Oliver Lagore Vanvalin Investment Group lifted its holdings in NVIDIA by 1,335.6% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 25,237 shares of the computer hardware maker’s stock valued at $3,118,000 after purchasing an additional 23,479 shares during the last quarter. Finally, Dorsey Wright & Associates boosted its position in NVIDIA by 574.3% during the second quarter. Dorsey Wright & Associates now owns 103,292 shares of the computer hardware maker’s stock worth $12,761,000 after purchasing an additional 87,973 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Company Profile

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.