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

Key Points

• Mizuho analysts increased NVIDIA's price target from $192.00 to $205.00, suggesting a potential upside of 12.87% from the stock's previous close.
• Several research firms have raised their price targets for NVIDIA recently, with estimates ranging from $165.00 to $225.00, reflecting a generally positive outlook on the stock.
• NVIDIA reported a quarterly earnings miss with earnings per share of $0.81, but achieved significant revenue growth of 69.2% year-over-year, totaling $44.06 billion.

NVIDIA (NASDAQ:NVDA - Get Free Report) had its target price hoisted by stock analysts at Mizuho from $192.00 to $205.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the computer hardware maker's stock. Mizuho's price objective would suggest a potential upside of 12.87% from the stock's previous close.

Several other research firms have also recently weighed in on NVDA. Rosenblatt Securities raised their price target on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Needham & Company LLC raised their price target on NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Raymond James Financial raised their price target on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Piper Sandler set a $225.00 price target on NVIDIA and gave the company an "overweight" rating in a report on Wednesday. Finally, Wedbush reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $186.33.

NVIDIA Stock Performance

NASDAQ NVDA opened at $181.62 on Thursday. The stock has a market capitalization of $4.43 trillion, a PE ratio of 58.59, a P/E/G ratio of 1.61 and a beta of 2.14. The business has a 50 day simple moving average of $162.34 and a two-hundred day simple moving average of $134.56. 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 has a 1-year low of $86.62 and a 1-year high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. On average, research analysts predict that NVIDIA will post 2.77 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director directly owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 value of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,837,440 shares of company stock valued at $889,404,782. 4.17% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Morton Brown Family Wealth LLC grew its stake in NVIDIA by 1.5% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker's stock worth $621,000 after buying an additional 58 shares during the last quarter. Roof Eidam Maycock Peralta LLC grew its stake in NVIDIA by 0.3% during the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker's stock worth $3,302,000 after buying an additional 58 shares during the last quarter. Alpha Wealth Funds LLC grew its stake in NVIDIA by 1.3% during the 2nd quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker's stock worth $732,000 after buying an additional 59 shares during the last quarter. Copia Wealth Management grew its stake in NVIDIA by 14.7% during the 2nd quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker's stock worth $74,000 after buying an additional 60 shares during the last quarter. Finally, BKM Wealth Management LLC grew its stake in NVIDIA by 1.1% during the 2nd quarter. BKM Wealth Management LLC now owns 5,745 shares of the computer hardware maker's stock worth $908,000 after buying an additional 60 shares during the last quarter. 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.

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