Merrill Lynch reaffirmed a Buy rating on NVIDIA Corporation along with a price target of $80.
However, it isn't all golden for shares of NVDA, as the company is definitely at the high end of its range, while it has seen an incredible share price boost in 2016. The investment management firm now holds 5,150 shares of NVIDIA Corporation which is valued at $347,986, the company said in a statement filed on Nov 4, 2016 with the SEC.NVIDIA Corporation makes up approximately 0.28% of Gratry Co's portfolio.
Pay Close Attention To Analyst Ratings For CSX Corp. (NASDAQ:NVDA) traded down 1.69% during mid-day trading on Tuesday, reaching $69.96. 10 recommends the stock is "outperforming". The company's 50 day moving average is $67.74 and its 200-day moving average is $55.31. The mean price target for the company's stock is $32.30 while the highest price target suggested by the analysts is $37.00 and low price target is $18.00. The stock has a market cap of $38.07 billion, a P/E ratio of 46.75 and a beta of 1.17. The company net profit margin is 12.80% and gross profit margin is 43.40%. (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 11th.
Nvidia is expected to report earnings at $0.56 per share according to the Zacks Consensus Estimate. The mean price target for the equity is at $68.72 while the highest price target suggested by the brokerage firms is $90.00 and low price target is $38.00. The computer hardware maker reported $0.53 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.37 by $0.16. Last year, their EPS growth was -3.60% and their EPS growth over the past five years was 20.20%. The relative volume (ratio between current volume and 3-month average) stands at 1.12.
Number of analysts are eying on this stock and after detailed observation, they have given the stock mean target price of $67.63 while their mean recommendation is 2.40 (1=Buy, 5=sell). The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Also, Director Tench Coxe sold 48,000 shares of the business's stock in a transaction on Monday, September 19th. The shares were sold at an average price of $66.42, for a total value of $2,767,455.72. The disclosure for this sale can be found here. Over the last six months, NVIDIA Corporation's stock has been 99.07% and 128.59% for the year.
Several other large investors have also recently made changes to their positions in the stock. Columbus Circle Investors increased its stake in shares of Nvidia Corp.by 22.2% in the second quarter. Wellington Management Group LLP now owns 238,134 shares of the computer hardware maker's stock valued at $8,484,000 after buying an additional 106,640 shares during the period. Legal & General Group Plc increased its stake in shares of Nvidia Corp.by 5.1% in the first quarter. The company has an Average Rating of 1.74 based on Thomson Reuters I/B/E/S scale of 1-5. Kennedy Capital Management Inc. purchased a new position in Nvidia Corp. during the first quarter valued at approximately $3,931,000. Cornerstone Advisors Inc. now owns 1,784 shares of the computer hardware maker's stock worth $122,000 after buying an additional 612 shares in the last quarter. Egerton Capital UK LLP increased its position in Nvidia Corp.by 51.6% in the second quarter. The stock has Return on Assets (ROA) of 12.4 percent. The company added about 13.4% percent in value since last earnings when it was at $59.59.
That is part of the reason why shares of NVDA are now in strong buy territory, and why the industry at large has a top 10% industry rank.
NVIDIA Corporation (NVIDIA) is engaged in visual computing enabling individuals to interact with digital ideas data and entertainment.