NVIDIA Co. (NASDAQ: NVDA) saw a 2.4% increase in its shares on Monday after Barclays raised its price target on the stock to $1,100.00. The stock, which last traded at $947.38, has been receiving positive ratings from equity analysts, with a consensus rating of “Moderate Buy” and an average price target of $1,002.18. Director Mark Stevens sold a significant number of shares recently, with insider transactions amounting to $52,689,898 in the last ninety days.
Institutional investors have also been active in the stock, with Wealthspire Advisors LLC, Shared Vision Wealth Group LLC, Grand Alliance Asset Management Ltd, TrueMark Investments LLC, and McLean Asset Management Corp all increasing their stake in NVIDIA. The company’s stock performance has been strong, with a 50-day moving average price of $884.78 and a 200-day moving average price of $691.03.
NVIDIA recently posted impressive earnings results, with an EPS of $5.16 for the quarter and revenue of $22.1 billion, surpassing analyst estimates. The company also announced a quarterly dividend of $0.04 per share. NVIDIA Corporation is known for providing graphics, computing, and networking solutions globally.
Overall, NVIDIA’s stock has been performing well, with positive ratings from analysts and strong financial results. The company’s diverse range of products and services, including GPUs for gaming and enterprise workstations, cloud-based visual computing software, and automotive platforms, have contributed to its success in the market. Investors and analysts are optimistic about NVIDIA’s future growth potential, making it a stock to watch in the coming months.
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