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

NVIDIA (NASDAQ:NVDA - Free Report) had its price objective raised by Oppenheimer from $175.00 to $200.00 in a research report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the computer hardware maker's stock.

NVDA has been the topic of a number of other reports. Susquehanna reiterated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Rosenblatt Securities raised their target price on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. KeyCorp set a $190.00 target price on NVIDIA in a research note on Wednesday, March 19th. Wedbush restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $181.22.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded up $1.63 on Tuesday, hitting $173.00. The company's stock had a trading volume of 159,710,096 shares, compared to its average volume of 264,973,591. The company has a 50-day simple moving average of $144.76 and a 200 day simple moving average of $129.39. NVIDIA has a 1 year low of $86.62 and a 1 year high of $174.12. The company has a market capitalization of $4.22 trillion, a PE ratio of 55.81, a PEG ratio of 1.51 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. Sell-side analysts forecast that NVIDIA will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Insider Transactions at NVIDIA

In related news, Director A Brooke Seawell sold 48,792 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the completion of the sale, the director owned 1,729,478 shares in the company, valued at approximately $283,565,212.88. This trade represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $164.36, for a total value of $12,327,000.00. Following the sale, the chief executive officer owned 74,648,225 shares of the company's stock, valued at $12,269,182,261. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,767,150 shares of company stock valued at $701,030,045. Company insiders own 4.17% of the company's stock.

Institutional Trading of NVIDIA

Several institutional investors have recently made changes to their positions in NVDA. Tacita Capital Inc purchased a new position in NVIDIA during the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the 4th quarter valued at approximately $38,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the 2nd quarter valued at approximately $55,000. Copia Wealth Management purchased a new position in NVIDIA during the 4th quarter valued at approximately $50,000. Finally, LSV Asset Management purchased a new position in NVIDIA during the 4th quarter valued at approximately $54,000. Hedge funds and other 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.