New Buy Rating for Nvidia (NVDA), the Technology Giant

Needham analyst Rajvindra Gill maintained a Buy rating on Nvidia (NVDAResearch Report) today and set a price target of $200.00. The company’s shares closed yesterday at $159.10.

According to TipRanks, Gill is a 5-star analyst with an average return of 11.4% and a 57.54% success rate. Gill covers the Technology sector, focusing on stocks such as Nvidia, Synaptics, and Cirrus Logic.

In addition to Needham, Nvidia also received a Buy from KeyBanc’s John Vinh in a report issued today. However, on the same day, Deutsche Bank maintained a Hold rating on Nvidia (NASDAQ: NVDA).

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NVDA market cap is currently $396.2B and has a P/E ratio of 52.18.

Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NVDA in relation to earlier this year. Last month, Jen Hsun Huang, the President & CEO of NVDA bought 229,500.00 shares for a total of $722,925.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

NVIDIA Corp. designs and manufactures computer graphics processors, chipsets, and related multimedia software. The company operates through two segments:
• Graphics segment: Includes GeForce GPUs (graphics processing units) for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms, Quadro GPUs for enterprise design, GRID software for cloud-based visual and virtual computing, as well as automotive platforms for infotainment systems.
• Compute & Networking segment: Includes Data Center platforms and systems for artificial intelligence, high performance computing, and accelerated computing, Mellanox networking and interconnect solutions, DRIVE for autonomous vehicles and Jetson for robotics and other embedded platforms.
The company was founded by Jen-Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in January 1993 and is headquartered in Santa Clara, CA.

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