NVIDIA (NASDAQ:NVDA) Given New $170.00 Price Target at Mizuho

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price objective boosted by stock analysts at Mizuho from $168.00 to $170.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the computer hardware maker's stock. Mizuho's price target would indicate a potential upside of 20.86% from the company's current price.

NVDA has been the topic of a number of other research reports. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research note on Thursday, April 3rd. Susquehanna reissued a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Citigroup reiterated a "buy" rating and issued a $180.00 price target (up from $150.00) on shares of NVIDIA in a research note on Thursday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $170.34.

NVIDIA Trading Up 4.3%

Shares of NVIDIA stock traded up $5.85 on Thursday, hitting $140.66. 224,514,807 shares of the company's stock traded hands, compared to its average volume of 286,939,106. The stock has a market capitalization of $3.44 trillion, a PE ratio of 55.36, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The firm's 50-day moving average price is $114.85 and its two-hundred day moving average price is $126.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA has a one year low of $86.62 and a one year high of $195.95.

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

Insider Activity

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 over the last three months. 4.17% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tacita Capital Inc acquired a new stake in NVIDIA during the 4th quarter worth $28,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA during the 4th quarter worth $40,000. Copia Wealth Management acquired a new stake in shares of NVIDIA during the 4th quarter valued at approximately $50,000. Finally, LSV Asset Management purchased a new stake in NVIDIA during the fourth quarter worth $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

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.

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