DA Davidson Reaffirms Buy Rating for NVIDIA (NASDAQ:NVDA)

by · The Markets Daily

NVIDIA (NASDAQ:NVDAGet Free Report)‘s stock had its “buy” rating reissued by investment analysts at DA Davidson in a report released on Monday,Benzinga reports. They currently have a $250.00 price target on the computer hardware maker’s stock. DA Davidson’s price target indicates a potential upside of 31.27% from the company’s current price.

Several other equities analysts also recently commented on the company. Cantor Fitzgerald reiterated an “overweight” rating on shares of NVIDIA in a report on Monday. Seaport Research Partners raised their target price on shares of NVIDIA from $100.00 to $140.00 and gave the company a “sell” rating in a research note on Monday, November 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of NVIDIA in a report on Monday, December 29th. Argus reissued a “buy” rating and set a $220.00 target price on shares of NVIDIA in a research report on Thursday, November 20th. Finally, DZ Bank reaffirmed a “buy” rating on shares of NVIDIA in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $267.73.

Check Out Our Latest Report on NVIDIA

NVIDIA Stock Up 0.3%

Shares of NASDAQ:NVDA traded up $0.63 on Monday, reaching $190.45. The company had a trading volume of 123,014,915 shares, compared to its average volume of 168,175,469. The stock has a market capitalization of $4.63 trillion, a P/E ratio of 47.23, a P/E/G ratio of 0.57 and a beta of 2.31. The stock has a 50-day moving average price of $185.19 and a 200 day moving average price of $183.65. NVIDIA has a twelve month low of $86.62 and a twelve month high of $212.19. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 222,500 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $180.17, for a total transaction of $40,087,825.00. Following the sale, the director directly owned 7,621,453 shares in the company, valued at approximately $1,373,157,187.01. The trade was a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $177.33, for a total value of $44,332,500.00. Following the completion of the transaction, the director directly owned 6,933,280 shares of the company’s stock, valued at approximately $1,229,478,542.40. This trade represents a 3.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,610,848 shares of company stock worth $291,619,375 over the last 90 days. Insiders own 4.17% of the company’s stock.

Institutional Trading of NVIDIA

Several institutional investors have recently bought and sold shares of the stock. Joule Financial LLC grew its stake in shares of NVIDIA by 2.2% during the third quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker’s stock valued at $431,000 after purchasing an additional 50 shares during the last quarter. Presidio Capital Management LLC lifted its holdings in NVIDIA by 0.4% during the 4th quarter. Presidio Capital Management LLC now owns 15,137 shares of the computer hardware maker’s stock worth $2,823,000 after buying an additional 53 shares in the last quarter. LMG Wealth Partners LLC boosted its position in NVIDIA by 0.7% in the 4th quarter. LMG Wealth Partners LLC now owns 7,649 shares of the computer hardware maker’s stock valued at $1,427,000 after buying an additional 53 shares during the last quarter. Vision Financial Markets LLC boosted its position in NVIDIA by 1.2% in the 3rd quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock valued at $866,000 after buying an additional 53 shares during the last quarter. Finally, Websterrogers Financial Advisors LLC increased its stake in shares of NVIDIA by 2.6% in the 3rd quarter. Websterrogers Financial Advisors LLC now owns 2,118 shares of the computer hardware maker’s stock valued at $395,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

About NVIDIA

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NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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