NVIDIA Corporation (NASDAQ:NVDA) stock is presently standing at about $106.47 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 27 analysts covering the company is $97.00, which suggests the stock could still rise over -10 percent. The highest analyst price target is $129.00, which implies a rally of 79 percent. And a quick view of analyst notes show that 15 are rating the stock a buy while 6 rate NVDA a strong buy. There are 13 equity research firms advocating a Hold and 1 consider it Sell.
Loop Capital analysts provided their view on NVIDIA Corporation (NASDAQ:NVDA) recently. The rating firm issued a Buy rating to this company in a research note released on Dec 13, 2016. Needham analysts disclosed their opinion on NVIDIA Corporation (NASDAQ:NVDA) recently. The rating firm gave a Buy rating to this stock in a research note published on Nov 14, 2016. According to a research note disclosed on Nov 11, 2016, analysts at Barclays have upped their rating on these shares from Underweight to Equal Weight.
NVIDIA Corporation (NASDAQ:NVDA) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its EVP, Operations Shoquist Debora sold 19,265 company shares for $2020000.51, in a transaction on 2016-12-29. Following the transaction, the EVP, Operations is left with a stake of 2020.51 shares, currently valued at $215124. Meanwhile, Director COXE TENCH sold 50,000 shares worth $5835000, through a transaction dated 2016-12-27. Following the completion of the transaction, the insider is left with a stake of 1,462,946 shares, amounting $155759860.62. NVDA Director SEAWELL A BROOKE also sold 3,106 shares, at a stock price of $96.9. This transaction occurred on 2016-12-15 totals $300000.97. After this transaction, the insider’s stake stands at 133,107 shares, with a market value of $14171902.
Executives hold 0.81 percent of the stock. Jen-Hsun Huang is one of the biggest insider owners in NVIDIA Corporation (NASDAQ:NVDA), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,710,206 shares which have current market value of around $182085632.82.Ajay K. Puri is another major inside shareholder in the company. The insider owns 528,421 shares as of 0.1%, currently worth $56260983.87. Ms. Colette Kress is ranked as third insider holder of the stock. This insider holds 444,812 shares with a market value around $47359133.64 as of recent close.
NVIDIA Corporation (NASDAQ:NVDA) Earnings Outlook
In NVIDIA Corporation (NASDAQ:NVDA)’s latest quarter, EPS moved to $0.84 from $0.40 in preceding quarter and revenues reached at $2,004.00M compared to $1,428.00M. Analysts had expected NVIDIA Corporation (NASDAQ:NVDA) to post net income of about $0.57 per share on $1,691.30M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.51 to $0.71. That is compared with the $0.35 in EPS it reported during the same period a year ago.