NVIDIA (NASDAQ:NVDA) Price Target Raised to $1,000.00 at Deutsche Bank Aktiengesellschaft

NVIDIA (NASDAQ:NVDA) had its price target increased by equities research analysts at Deutsche Bank Aktiengesellschaft from $850.00 to $1,000.00 in a research note issued on Thursday, Briefing.com reports. The brokerage currently has a “hold” rating on the computer hardware maker’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential downside of 3.02% from the company’s previous close.

A number of other research firms also recently commented on NVDA. JPMorgan Chase & Co. lifted their target price on NVIDIA from $850.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Thursday. Robert W. Baird boosted their price objective on NVIDIA from $1,050.00 to $1,200.00 and gave the company an “outperform” rating in a report on Monday. KeyCorp boosted their price objective on NVIDIA from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a report on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $900.00 price objective on shares of NVIDIA in a report on Monday, March 4th. Finally, Wells Fargo & Company boosted their price objective on NVIDIA from $970.00 to $1,150.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $1,115.20.

NVIDIA Trading Up 8.6 %

NASDAQ:NVDA traded up $81.64 on Thursday, reaching $1,031.14. The company’s stock had a trading volume of 22,091,759 shares, compared to its average volume of 49,273,148. NVIDIA has a 12-month low of $298.06 and a 12-month high of $1,042.60. 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 firm has a market cap of $2.54 trillion, a price-to-earnings ratio of 86.16, a price-to-earnings-growth ratio of 1.33 and a beta of 1.75. The stock has a 50 day moving average price of $886.29 and a 200 day moving average price of $696.36.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $5.14 by $0.98. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $26.04 billion for the quarter, compared to the consensus estimate of $24.59 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. The company’s revenue for the quarter was up 262.1% on a year-over-year basis. On average, equities analysts anticipate that NVIDIA will post 23.18 EPS for the current fiscal year.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on 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 owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 in the last ninety days. Insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors have recently bought and sold shares of the stock. Baader Bank Aktiengesellschaft raised its position in NVIDIA by 34.9% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 44,214 shares of the computer hardware maker’s stock valued at $21,896,000 after purchasing an additional 11,445 shares during the period. Wealthspire Advisors LLC increased its stake in NVIDIA by 16.3% during the 4th quarter. Wealthspire Advisors LLC now owns 12,278 shares of the computer hardware maker’s stock worth $6,080,000 after buying an additional 1,724 shares during the period. Shared Vision Wealth Group LLC acquired a new position in shares of NVIDIA in the fourth quarter worth about $269,000. Grand Alliance Asset Management Ltd acquired a new position in shares of NVIDIA in the fourth quarter worth about $29,961,000. Finally, TrueMark Investments LLC purchased a new stake in NVIDIA during the 4th quarter worth approximately $2,639,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

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.