NVIDIA (NASDAQ:NVDA) Given New $250.00 Price Target at Loop Capital

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price objective hoisted by equities researchers at Loop Capital from $175.00 to $250.00 in a report released on Wednesday,Briefing.com Automated Import reports. The brokerage presently has a "buy" rating on the computer hardware maker's stock. Loop Capital's price target would indicate a potential upside of 69.03% from the company's current price.

NVDA has been the topic of a number of other reports. Citigroup restated a "buy" rating and issued a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Susquehanna reaffirmed a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, TD Cowen raised their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $175.78.

NVIDIA Stock Up 2.6%

NVDA opened at $147.90 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The company has a market capitalization of $3.61 trillion, a PE ratio of 47.71, a P/E/G ratio of 1.27 and a beta of 2.12. The stock's fifty day moving average is $127.76 and its 200-day moving average is $126.59. NVIDIA has a one year low of $86.62 and a one year high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA's revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. On average, equities analysts predict that NVIDIA will post 2.77 EPS for the current fiscal year.

Insider Transactions at NVIDIA

In related news, Director A Brooke Seawell sold 55,282 shares of NVIDIA stock in a transaction on Friday, June 20th. The shares were sold at an average price of $144.71, for a total value of $7,999,858.22. Following the transaction, the director now owns 1,944,718 shares in the company, valued at $281,420,141.78. This trade represents a 2.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director now directly owns 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,393,863 shares of company stock worth $483,709,832. 4.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tacita Capital Inc acquired a new position in NVIDIA during the 4th quarter valued at $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA during the 4th quarter worth about $38,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at about $40,000. Kathleen S. Wright Associates Inc. grew its position in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares in the last quarter. Finally, Copia Wealth Management bought a new position in NVIDIA during the fourth quarter valued at about $50,000. 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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