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

Key Points

• Morgan Stanley has raised NVIDIA's price target from $170 to $200, indicating a potential upside of 13.95% from its current price.
• Several analysts have upgraded their price targets to $200, with 33 analysts issuing a "buy" rating and only one analyst rating it as a "sell."
• Insider transactions saw a significant amount of shares sold, including 48,792 shares by Director A Brooke Seawell and 75,000 shares by CEO Jen Hsun Huang.

NVIDIA (NASDAQ:NVDA - Free Report) had its target price upped by Morgan Stanley from $170.00 to $200.00 in a research report report published on Wednesday morning, MarketBeat Ratings reports. They currently have an overweight rating on the computer hardware maker's stock.

Other research analysts have also recently issued research reports about the company. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research note on Thursday, April 3rd. Oppenheimer boosted their price target on NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Raymond James Financial upped their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $182.03.

NVIDIA Stock Down 2.3%

Shares of NASDAQ NVDA traded down $4.15 during mid-day trading on Wednesday, hitting $173.72. 203,669,565 shares of the stock traded hands, compared to its average volume of 248,821,531. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA has a 52 week low of $86.62 and a 52 week high of $183.30. The company has a market cap of $4.24 trillion, a price-to-earnings ratio of 56.04, a PEG ratio of 1.58 and a beta of 2.13. The stock has a fifty day moving average price of $154.45 and a 200-day moving average price of $132.03.

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

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's payout ratio is 1.29%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,650 shares of NVIDIA stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the completion of the sale, the chief financial officer directly owned 2,984,516 shares of the company's stock, valued at $510,023,939.24. The trade was a 0.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director A Brooke Seawell sold 48,792 shares of NVIDIA stock in a transaction on Monday, July 14th. The shares were sold at an average price of $163.96, for a total value of $7,999,936.32. Following the sale, the director directly owned 1,729,478 shares of the company's stock, valued at approximately $283,565,212.88. This trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,339,800 shares of company stock valued at $800,141,003 in the last ninety days. Corporate insiders own 4.17% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tacita Capital Inc purchased a new position in NVIDIA during the 4th quarter worth $28,000. Harbor Asset Planning Inc. purchased a new stake in NVIDIA during the 2nd quarter valued at about $28,000. Vision Financial Markets LLC purchased a new stake in NVIDIA during the 4th quarter valued at about $38,000. Kathleen S. Wright Associates Inc. grew its stake in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares during the last quarter. Finally, Copia Wealth Management purchased a new stake in NVIDIA during the 4th quarter valued at about $50,000. 65.27% of the stock is currently owned by hedge funds and other 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.