MKM Partners Analysts Begin Coverage on NVIDIA (NVDA)
Wednesday, July 13, 2021 12:01 PM

Equities research analysts at MKM Partners initiated coverage on shares of NVIDIA (NASDAQ: NVDA) in a research note to investors on Wednesday. The analysts set a "neutral" rating and a $15.00 price target on the stock.

Separately, analysts at Zacks Investment Research downgraded shares of NVIDIA from an "outperform" rating to a "neutral" rating in a research note to investors on Monday, June 27th. Also, analysts at Auriga initiated coverage on shares of NVIDIA in a research note to investors on Tuesday, May 31st. They set a "buy" rating and a $24.00 price target on the stock.

Shares of NVIDIA traded up 1.36% during mid-day trading on Thursday, hitting $14.89. NVIDIA has a 52 week low of $8.65 and a 52 week high of $26.17. The stock's 50-day moving average is $16.88 and its 200-day moving average is $19.2. The company has a market cap of $8.938 billion and a price-to-earnings ratio of 34.65.

NVIDIA last announced its quarterly results on Thursday, May 12nd. The company reported $0.27 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.19 EPS by $0.08. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, analysts predict that NVIDIA will post $0.28 EPS next quarter.

NVIDIA Corporation (NVIDIA) is a provider of visual computing technologies and the inventor of the graphics processing unit (GPU). The Company’s products are designed to generate graphics on workstations, personal computers, game consoles and mobile devices. NVIDIA serves the entertainment and consumer market with its GeForce graphics products, the professional design and visualization market with its Quadro graphics products, the computing market with its Tesla computing solutions products, and the mobile computing market with its Tegra system-on-a-chip products. NVIDIA operates in four major product-line operating segments: the GPU business, the professional solutions business (PSB), the media and communications processor (MCP), business, and the consumer products business (CPB). The Company’s GPU business is comprised primarily of its GeForce products that support desktop and notebook personal computers. Its PSB is comprised of its NVIDIA Quadro professional workstation products.

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