NVIDIA (NASDAQ:NVDA) Price Target Increased to $500.00 by Analysts at JPMorgan Chase & Co.

NVIDIA (NASDAQ:NVDA – Get Rating) had its target price raised by JPMorgan Chase & Co. from $250.00 to $500.00 in a research report report published on Thursday, The Fly reports.

Other analysts have also recently issued reports about the stock. Sanford C. Bernstein raised their target price on shares of NVIDIA from $300.00 to $475.00 in a report on Thursday. Mizuho raised their target price on shares of NVIDIA from $230.00 to $290.00 and gave the stock a buy rating in a report on Wednesday, March 22nd. Morgan Stanley upgraded shares of NVIDIA from an equal weight rating to an overweight rating and raised their target price for the stock from $255.00 to $304.00 in a report on Thursday, March 16th. Rosenblatt Securities reaffirmed a buy rating and issued a $320.00 price objective on shares of NVIDIA in a research note on Wednesday, March 22nd. Finally, UBS Group set a $270.00 price objective on shares of NVIDIA in a research note on Monday, March 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $375.13.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $379.80 on Thursday. The firm’s 50 day moving average is $280.52 and its two-hundred day moving average is $218.29. NVIDIA has a 52 week low of $108.13 and a 52 week high of $394.80. The firm has a market capitalization of $939.29 billion, a P/E ratio of 197.81, a PEG ratio of 5.31 and a beta of 1.77. The company has a current ratio of 3.52, a quick ratio of 2.73 and a debt-to-equity ratio of 0.44.

NVIDIA (NASDAQ:NVDA – Get Rating) last issued its earnings results on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The firm had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $6.52 billion. NVIDIA had a net margin of 18.52% and a return on equity of 24.18%. The firm’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period last year, the firm posted $1.18 earnings per share. Analysts anticipate that NVIDIA will post 3.28 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Colette Kress sold 6,000 shares of NVIDIA stock in a transaction on Monday, March 13th. The shares were sold at an average price of $229.29, for a total value of $1,375,740.00. Following the transaction, the chief financial officer now owns 561,401 shares in the company, valued at approximately $128,723,635.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Colette Kress sold 6,000 shares of NVIDIA stock in a transaction on Monday, March 13th. The shares were sold at an average price of $229.29, for a total value of $1,375,740.00. Following the transaction, the chief financial officer now owns 561,401 shares in the company, valued at approximately $128,723,635.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark L. Perry sold 20,000 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $236.37, for a total transaction of $4,727,400.00. Following the transaction, the director now owns 140,000 shares in the company, valued at approximately $33,091,800. The disclosure for this sale can be found here. Insiders have sold 54,084 shares of company stock worth $14,516,510 in the last quarter. 3.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of NVIDIA by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 203,747,246 shares of the computer hardware maker’s stock worth $24,732,878,000 after purchasing an additional 2,326,387 shares during the period. State Street Corp boosted its position in shares of NVIDIA by 0.9% during the 3rd quarter. State Street Corp now owns 98,751,264 shares of the computer hardware maker’s stock valued at $11,987,416,000 after acquiring an additional 908,481 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of NVIDIA by 9.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,956,988 shares of the computer hardware maker’s stock valued at $8,323,694,000 after acquiring an additional 5,043,685 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of NVIDIA by 0.6% during the 1st quarter. Geode Capital Management LLC now owns 46,056,013 shares of the computer hardware maker’s stock valued at $12,763,663,000 after acquiring an additional 267,061 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of NVIDIA by 20.2% during the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after acquiring an additional 4,621,002 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

NVIDIA Company Profile

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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.