NVIDIA (NASDAQ:NVDA) Price Target Raised to $1,200.00

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price target hoisted by investment analysts at Wedbush from $1,000.00 to $1,200.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an "outperform" rating on the computer hardware maker's stock. Wedbush's price target indicates a potential upside of 15.61% from the stock's current price.

NVDA has been the subject of a number of other research reports. KeyCorp increased their target price on shares of NVIDIA from $1,200.00 to $1,300.00 and gave the stock an "overweight" rating in a research report on Thursday. Argus boosted their price objective on shares of NVIDIA from $950.00 to $1,100.00 and gave the stock a "buy" rating in a research note on Thursday. Evercore ISI raised their target price on shares of NVIDIA from $1,160.00 to $1,310.00 and gave the company an "outperform" rating in a research note on Thursday. Mizuho upped their price target on shares of NVIDIA from $1,000.00 to $1,180.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Truist Financial raised their price objective on NVIDIA from $1,177.00 to $1,288.00 and gave the company a "buy" rating in a research report on Thursday. Four 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's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,125.95.

NVIDIA Trading Up 9.3 %

NVIDIA stock traded up $88.49 during trading on Thursday, reaching $1,037.99. The company had a trading volume of 83,345,979 shares, compared to its average volume of 49,911,500. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The firm has a market capitalization of $2.55 trillion, a price-to-earnings ratio of 88.51, a PEG ratio of 1.33 and a beta of 1.75. NVIDIA has a 12-month low of $298.06 and a 12-month high of $1,063.20. The stock's 50 day moving average price is $886.29 and its two-hundred day moving average price is $696.36.

NVIDIA's stock is scheduled to split on Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly minted shares will be payable to shareholders after the market closes on Monday, June 10th.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share for the quarter, beating analysts' consensus estimates of $5.14 by $0.98. The firm had revenue of $26.04 billion for the quarter, compared to analysts' expectations of $24.59 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm's revenue for the quarter was up 262.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 earnings per share. As a group, equities analysts expect that NVIDIA will post 23.18 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares of the company's stock, valued at approximately $896,933,663.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the transaction, the director now directly owns 1,124,583 shares of the company's stock, valued at approximately $896,933,663.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,278 shares of company stock valued at $52,689,898. 4.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in NVIDIA during the 4th quarter valued at about $14,606,369,000. International Assets Investment Management LLC boosted its holdings in shares of NVIDIA by 54,019.5% in the fourth quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker's stock valued at $8,352,811,000 after acquiring an additional 16,835,703 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of NVIDIA by 4.3% during the first quarter. Vanguard Group Inc. now owns 213,335,626 shares of the computer hardware maker's stock valued at $192,761,538,000 after acquiring an additional 8,828,050 shares during the period. Global Assets Advisory LLC acquired a new position in shares of NVIDIA during the first quarter valued at approximately $4,826,280,000. Finally, Swedbank AB bought a new stake in NVIDIA during the first quarter worth approximately $3,922,733,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Company Profile

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.