Nvidia (NVDA) Gets a Buy Rating from Mizuho Securities

By Carrie Williams

Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Nvidia (NVDAResearch Report) yesterday and set a price target of $400.00. The company’s shares closed last Monday at $381.07.

According to TipRanks.com, Rakesh is a 5-star analyst with an average return of 17.9% and a 61.8% success rate. Rakesh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Skyworks Solutions.

Currently, the analyst consensus on Nvidia is a Strong Buy with an average price target of $381.45, which is a 2.5% upside from current levels. In a report issued on June 8, Needham also assigned a Buy rating to the stock with a $400.00 price target.

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The company has a one-year high of $380.00 and a one-year low of $147.39. Currently, Nvidia has an average volume of 14.32M.

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.

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. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands, which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users. The Tegra Processor segment integrates an entire computer onto a single chip, and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. 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.