NVIDIA (NASDAQ:NVDA) Price Target Increased to $1,180.00 by Analysts at Mizuho

NVIDIA (NASDAQ:NVDA) had its price objective raised by investment analysts at Mizuho from $1,000.00 to $1,180.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the computer hardware maker’s stock. Mizuho’s price objective would suggest a potential upside of 24.28% from the stock’s current price.

Several other analysts have also recently issued reports on NVDA. Evercore ISI started coverage on NVIDIA in a research report on Tuesday, April 16th. They set an “outperform” rating and a $1,160.00 target price on the stock. Craig Hallum increased their target price on shares of NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Bank of America boosted their target price on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Benchmark reiterated a “buy” rating and issued a $1,000.00 price target on shares of NVIDIA in a research note on Wednesday, March 20th. Finally, CICC Research started coverage on NVIDIA in a research note on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,042.18.

NVIDIA Trading Down 0.5 %

NVDA opened at $949.50 on Thursday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average is $886.29 and its two-hundred day moving average is $696.36. The company has a market capitalization of $2.34 trillion, a P/E ratio of 79.52, a PEG ratio of 1.33 and a beta of 1.75. NVIDIA has a 52 week low of $298.06 and a 52 week high of $974.00.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share for the quarter, beating the consensus estimate of $5.14 by $0.98. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. During the same period in the previous year, the company posted $0.88 earnings per share. The firm’s quarterly revenue was up 262.1% on a year-over-year basis. Analysts forecast that NVIDIA will post 23.18 earnings per share for the current year.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the sale, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other NVIDIA news, Director Mark A. Stevens sold 12,000 shares of NVIDIA stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the transaction, the director now directly owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,278 shares of company stock worth $52,689,898. 4.23% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. purchased a new stake in shares of NVIDIA during the 1st quarter worth $26,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of NVIDIA during the 1st quarter worth about $27,000. LFA Lugano Financial Advisors SA purchased a new stake in NVIDIA during the fourth quarter worth approximately $28,000. Criterion Capital Advisors LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at $28,000. Finally, Your Advocates Ltd. LLP purchased a new position in shares of NVIDIA in the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

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.