NVIDIA (NASDAQ:NVDA) Price Target Increased to $450.00 by Analysts at Morgan Stanley

NVIDIA (NASDAQ:NVDA – Get Rating) had its target price raised by Morgan Stanley from $304.00 to $450.00 in a research note issued to investors on Thursday morning, The Fly reports.

Other equities research analysts have also recently issued reports about the company. Sanford C. Bernstein boosted their price objective on NVIDIA from $300.00 to $475.00 in a research note on Thursday. StockNews.com initiated coverage on NVIDIA in a research note on Thursday, May 18th. They set a hold rating on the stock. Barclays boosted their price objective on NVIDIA from $275.00 to $500.00 in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price on NVIDIA from $220.00 to $390.00 in a research report on Thursday. Finally, Oppenheimer boosted their target price on NVIDIA from $350.00 to $420.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of Moderate Buy and a consensus price target of $375.13.

NVIDIA Trading Up 24.4 %

Shares of NVDA stock opened at $379.80 on Thursday. NVIDIA has a 12-month low of $108.13 and a 12-month high of $394.80. The company has a current ratio of 3.52, a quick ratio of 2.73 and a debt-to-equity ratio of 0.44. The stock’s 50-day moving average price is $280.52 and its 200-day moving average price is $218.29. The stock has a market capitalization of $939.29 billion, a price-to-earnings ratio of 197.81, a price-to-earnings-growth ratio of 5.31 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA – Get Rating) last issued its quarterly earnings data on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. NVIDIA had a return on equity of 24.18% and a net margin of 18.52%. The company had revenue of $7.19 billion for the quarter, compared to analysts’ expectations of $6.52 billion. During the same period in the previous year, the firm posted $1.18 earnings per share. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. Equities research analysts predict that NVIDIA will post 3.28 EPS for the current fiscal year.

Insider Transactions at NVIDIA

In related news, Director Mark L. Perry sold 20,000 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $236.37, for a total value of $4,727,400.00. Following the transaction, the director now directly owns 140,000 shares of the company’s stock, valued at approximately $33,091,800. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Debora Shoquist sold 23,084 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $305.00, for a total value of $7,040,620.00. Following the transaction, the executive vice president now directly owns 139,860 shares of the company’s stock, valued at approximately $42,657,300. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark L. Perry sold 20,000 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $236.37, for a total value of $4,727,400.00. Following the completion of the transaction, the director now directly owns 140,000 shares in the company, valued at $33,091,800. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,084 shares of company stock valued at $14,516,510. Corporate insiders own 3.99% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. United Bank grew its position in NVIDIA by 28.9% during the 1st quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock worth $2,106,000 after purchasing an additional 1,730 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in NVIDIA by 6.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock worth $1,065,457,000 after purchasing an additional 249,045 shares during the period. MAS Advisors LLC grew its position in NVIDIA by 42.1% during the 1st quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock worth $545,000 after purchasing an additional 583 shares during the period. Navis Wealth Advisors LLC grew its position in NVIDIA by 205.3% during the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock worth $791,000 after purchasing an additional 1,950 shares during the period. Finally, Ergoteles LLC acquired a new stake in NVIDIA during the 1st quarter worth about $929,000. 61.80% of the stock is owned by institutional investors and hedge funds.

About NVIDIA

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, 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.