NVIDIA (NASDAQ:NVDA) Price Target Increased to $1,000.00 by Analysts at Mizuho

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price objective lifted by equities research analysts at Mizuho from $850.00 to $1,000.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a "buy" rating on the computer hardware maker's stock. Mizuho's target price would suggest a potential upside of 9.72% from the stock's previous close.

Several other brokerages have also weighed in on NVDA. Needham & Company LLC upped their price objective on shares of NVIDIA from $600.00 to $850.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. Wolfe Research increased their target price on shares of NVIDIA from $630.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. Wells Fargo & Company increased their target price on shares of NVIDIA from $675.00 to $840.00 and gave the stock an "overweight" rating in a research note on Friday, February 16th. Rosenblatt Securities reissued a "buy" rating and issued a $1,100.00 price target on shares of NVIDIA in a report on Tuesday, February 20th. Finally, Sanford C. Bernstein increased their target price on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an "outperform" rating in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $829.66.

NVIDIA Trading Up 2.7 %

Shares of NASDAQ:NVDA traded up $24.38 during mid-day trading on Thursday, reaching $911.38. 16,163,029 shares of the company's stock were exchanged, compared to its average volume of 50,223,008. The firm has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 75.92, a PEG ratio of 1.33 and a beta of 1.73. The business's fifty day moving average price is $650.10 and its 200-day moving average price is $526.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. NVIDIA has a twelve month low of $222.97 and a twelve month high of $911.71.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. NVIDIA's revenue for the quarter was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 earnings per share. On average, research analysts predict that NVIDIA will post 21.77 EPS for the current fiscal year.

Insider Transactions at NVIDIA

In other news, Director Dawn E. Hudson sold 1,000 shares of NVIDIA stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $492.52, for a total value of $492,520.00. Following the completion of the sale, the director now directly owns 70,500 shares in the company, valued at $34,722,660. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Dawn E. Hudson sold 1,000 shares of NVIDIA stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $492.52, for a total value of $492,520.00. Following the completion of the sale, the director now directly owns 70,500 shares in the company, valued at $34,722,660. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 12,000 shares of NVIDIA stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the completion of the sale, the director now owns 1,107,583 shares of the company's stock, valued at $945,366,393.82. The disclosure for this sale can be found here. Insiders sold 136,174 shares of company stock worth $79,824,488 over the last three months. 3.99% of the stock is currently owned by company insiders.

Institutional Trading of NVIDIA

Large investors have recently added to or reduced their stakes in the business. Moody Lynn & Lieberson LLC grew its position in NVIDIA by 7.2% during the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker's stock valued at $38,737,000 after buying an additional 5,998 shares during the period. W Advisors LLC purchased a new position in NVIDIA during the second quarter valued at approximately $254,000. Affinity Capital Advisors LLC purchased a new position in NVIDIA during the third quarter valued at approximately $282,000. River Street Advisors LLC lifted its holdings in NVIDIA by 3.8% during the third quarter. River Street Advisors LLC now owns 5,478 shares of the computer hardware maker's stock valued at $2,383,000 after purchasing an additional 203 shares in the last quarter. Finally, Truepoint Inc. lifted its holdings in NVIDIA by 259.9% during the third quarter. Truepoint Inc. now owns 5,783 shares of the computer hardware maker's stock valued at $2,516,000 after purchasing an additional 4,176 shares in the last quarter. 64.79% of the stock is currently owned by institutional investors.

About NVIDIA

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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