NVIDIA (NASDAQ:NVDA) Stock Price Expected to Rise, Loop Capital Analyst Says

NVIDIA (NASDAQ:NVDA - Free Report) had its price target boosted by Loop Capital from $175.00 to $250.00 in a report published on Wednesday, Marketbeat.com reports. They currently have a buy rating on the computer hardware maker's stock.

Other equities analysts have also recently issued research reports about the company. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Raymond James Financial increased their target price on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. Piper Sandler reiterated an "overweight" rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Finally, Citigroup reissued a "buy" rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.78.

NVIDIA Stock Performance

NVDA traded up $2.73 during trading on Wednesday, hitting $157.75. 258,593,751 shares of the stock were exchanged, compared to its average volume of 269,381,065. The firm has a market capitalization of $3.85 trillion, a P/E ratio of 50.89, a PEG ratio of 1.37 and a beta of 2.12. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average price of $130.96 and a two-hundred day moving average price of $127.05. NVIDIA has a 1-year low of $86.62 and a 1-year high of $158.71.

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

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Insider Transactions at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the sale, the executive vice president now owns 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director A Brooke Seawell sold 50,980 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $156.92, for a total transaction of $7,999,781.60. Following the completion of the transaction, the director now directly owns 1,679,361 shares of the company's stock, valued at approximately $263,525,328.12. This represents a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,792,267 shares of company stock valued at $544,823,117. Company insiders own 4.17% of the company's stock.

Hedge Funds Weigh In On NVIDIA

A number of institutional investors have recently modified their holdings of NVDA. Wealth Group Ltd. grew its position in shares of NVIDIA by 1.8% during the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after buying an additional 100 shares during the period. Tallon Kerry Patrick acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $972,000. Capital & Planning LLC grew its position in shares of NVIDIA by 16.9% during the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock worth $1,021,000 after buying an additional 1,099 shares during the period. Ironwood Wealth Management LLC. grew its position in shares of NVIDIA by 1.6% during the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock worth $871,000 after buying an additional 104 shares during the period. Finally, Brighton Jones LLC grew its position in shares of NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after buying an additional 35,815 shares during the period. 65.27% of the stock is owned by institutional investors.

About NVIDIA

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.