NVIDIA (NASDAQ:NVDA) PT Raised to $1,275.00

NVIDIA (NASDAQ:NVDA) had its target price lifted by research analysts at Mizuho from $1,180.00 to $1,275.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the computer hardware maker’s stock. Mizuho’s price target points to a potential upside of 4.13% from the company’s previous close.

A number of other research analysts have also recently weighed in on NVDA. CICC Research assumed coverage on shares of NVIDIA in a research note on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price objective for the company. Jefferies Financial Group raised their price objective on shares of NVIDIA from $1,200.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Wolfe Research lifted their target price on shares of NVIDIA from $1,200.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. The Goldman Sachs Group lifted their target price on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Craig Hallum lifted their target price on shares of NVIDIA from $850.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Five investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $1,130.20.

NVIDIA Stock Performance

NASDAQ NVDA opened at $1,224.40 on Tuesday. The company has a quick ratio of 3.14, a current ratio of 3.53 and a debt-to-equity ratio of 0.17. NVIDIA has a 52-week low of $373.56 and a 52-week high of $1,224.49. The business’s 50-day moving average price is $928.68 and its 200 day moving average price is $741.12. The firm has a market cap of $3.01 trillion, a P/E ratio of 71.60, a P/E/G ratio of 1.24 and a beta of 1.70.

NVIDIA’s stock is set to split on the morning of Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly issued shares will be issued to shareholders after the market closes on Monday, June 10th.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $5.14 by $0.98. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The firm had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. During the same quarter last year, the firm earned $0.88 earnings per share. The firm’s revenue was up 262.1% compared to the same quarter last year. On average, equities research analysts expect that NVIDIA will post 25.32 earnings per share for the current year.

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the transaction, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Dabiri sold 128 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the transaction, the director now owns 2,055 shares in the company, valued at $1,931,700. The disclosure for this sale can be found here. Insiders have sold a total of 88,117 shares of company stock worth $90,701,708 in the last 90 days. 4.23% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NVDA. FPC Investment Advisory Inc. bought a new stake in NVIDIA in the 1st quarter valued at $26,000. Koesten Hirschmann & Crabtree INC. bought a new stake in NVIDIA in the 1st quarter valued at $27,000. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA in the 4th quarter valued at $28,000. Criterion Capital Advisors LLC bought a new stake in NVIDIA in the 4th quarter valued at $28,000. Finally, HBC Financial Services PLLC bought a new stake in NVIDIA in the 1st quarter valued at $30,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.