Piper Sandler Boosts NVIDIA (NASDAQ:NVDA) Price Target to $440.00

NVIDIA (NASDAQ:NVDA – Get Rating) had its price objective increased by Piper Sandler from $300.00 to $440.00 in a research report sent to investors on Thursday morning, The Fly reports.

NVDA has been the subject of several other reports. Rosenblatt Securities reaffirmed a buy rating and issued a $320.00 price target on shares of NVIDIA in a report on Wednesday, March 22nd. TheStreet upgraded shares of NVIDIA from a c+ rating to a b- rating in a research report on Monday, March 20th. BMO Capital Markets boosted their price target on shares of NVIDIA from $350.00 to $450.00 in a research report on Thursday. The Goldman Sachs Group lifted their price objective on shares of NVIDIA from $275.00 to $440.00 in a research note on Thursday. Finally, Sanford C. Bernstein lifted their price objective on shares of NVIDIA from $300.00 to $475.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $375.13.

NVIDIA Price Performance

NVDA opened at $379.80 on Thursday. The company has a fifty day simple moving average of $280.52 and a 200 day simple moving average of $218.29. The firm has a market cap of $939.29 billion, a price-to-earnings ratio of 197.81, a PEG ratio of 5.31 and a beta of 1.77. NVIDIA has a twelve month low of $108.13 and a twelve 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.

NVIDIA (NASDAQ:NVDA – Get Rating) last announced 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. The company had revenue of $7.19 billion during the quarter, compared to analyst estimates 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 business earned $1.18 EPS. Equities research analysts expect that NVIDIA will post 3.28 EPS for the current fiscal year.

Insider Transactions at NVIDIA

In other news, Director Dawn E. Hudson sold 5,000 shares of the business’s stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $274.55, for a total value of $1,372,750.00. Following the completion of the sale, the director now directly owns 85,350 shares in the company, valued at $23,432,842.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Dawn E. Hudson sold 5,000 shares of the business’s stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $274.55, for a total value of $1,372,750.00. Following the completion of the sale, the director now directly owns 85,350 shares in the company, valued at $23,432,842.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Debora Shoquist sold 23,084 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $305.00, for a total transaction of $7,040,620.00. Following the completion of the sale, the executive vice president now owns 139,860 shares of the company’s stock, valued at $42,657,300. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,084 shares of company stock worth $14,516,510. 3.99% of the stock is owned by insiders.

Hedge Funds Weigh In On NVIDIA

Large investors have recently bought and sold shares of the stock. Nikulski Financial Inc. increased its holdings in NVIDIA by 1.3% in the 1st quarter. Nikulski Financial Inc. now owns 2,675 shares of the computer hardware maker’s stock valued at $743,000 after buying an additional 35 shares during the period. Opal Wealth Advisors LLC increased its holdings in NVIDIA by 1.8% in the 1st quarter. Opal Wealth Advisors LLC now owns 2,103 shares of the computer hardware maker’s stock valued at $584,000 after buying an additional 37 shares during the period. Bradley Foster & Sargent Inc. CT increased its holdings in NVIDIA by 0.3% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 11,710 shares of the computer hardware maker’s stock valued at $3,253,000 after buying an additional 37 shares during the period. Centurion Wealth Management LLC increased its holdings in NVIDIA by 0.4% in the 1st quarter. Centurion Wealth Management LLC now owns 8,859 shares of the computer hardware maker’s stock valued at $2,461,000 after buying an additional 37 shares during the period. Finally, Callan Family Office LLC increased its holdings in NVIDIA by 0.7% in the 1st quarter. Callan Family Office LLC now owns 5,219 shares of the computer hardware maker’s stock valued at $1,450,000 after buying an additional 37 shares during the period. 61.80% of the stock is currently 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.