NVIDIA (NASDAQ:NVDA) Price Target Raised to $170.00 at Mizuho

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price target increased by stock analysts at Mizuho from $168.00 to $170.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the computer hardware maker's stock. Mizuho's price objective indicates a potential upside of 26.60% from the company's current price.

A number of other equities analysts have also commented on the stock. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research report on Thursday, April 3rd. Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Barclays reiterated an "overweight" rating and issued a $170.00 target price (up from $155.00) on shares of NVIDIA in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average target price of $171.66.

NVIDIA Trading Down 3.5%

NVIDIA stock traded down $4.91 during trading hours on Thursday, hitting $134.28. The stock had a trading volume of 332,224,842 shares, compared to its average volume of 284,499,573. The business's 50 day simple moving average is $115.48 and its 200-day simple moving average is $126.38. NVIDIA has a one year low of $86.62 and a one year high of $195.95. The stock has a market cap of $3.28 trillion, a price-to-earnings ratio of 52.85, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the company earned $0.61 EPS. The business's quarterly revenue was up 69.2% compared to the same quarter last year. On average, equities analysts predict that NVIDIA will post 2.77 EPS for the current fiscal year.

Insider Activity at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This represents a 17.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares of the company's stock, valued at $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.17% of the stock is owned by insiders.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds have recently modified their holdings of the stock. Tacita Capital Inc bought a new position in NVIDIA during the fourth quarter worth about $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the 4th quarter valued at approximately $40,000. Kathleen S. Wright Associates Inc. raised its holdings in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares during the period. Finally, Copia Wealth Management purchased a new position in shares of NVIDIA in the fourth quarter valued at $50,000. 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.