NVIDIA (NASDAQ:NVDA) Price Target Increased to $200.00 by Analysts at Rosenblatt Securities

NVIDIA (NASDAQ:NVDAGet Free Report) had its price objective lifted by research analysts at Rosenblatt Securities from $140.00 to $200.00 in a report released on Tuesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the computer hardware maker’s stock. Rosenblatt Securities’ price target indicates a potential upside of 47.51% from the stock’s current price.

NVDA has been the topic of a number of other research reports. Wolfe Research lifted their price target on shares of NVIDIA from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. TD Cowen increased their target price on NVIDIA from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, June 10th. DA Davidson boosted their price target on NVIDIA from $41.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. HSBC increased their price objective on NVIDIA from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, Evercore ISI boosted their target price on NVIDIA from $131.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, June 11th. Five equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $120.84.

Check Out Our Latest Analysis on NVDA

NVIDIA Stock Performance

NASDAQ:NVDA opened at $135.58 on Tuesday. The stock has a market capitalization of $3.34 trillion, a P/E ratio of 79.29, a price-to-earnings-growth ratio of 1.38 and a beta of 1.70. The company has a current ratio of 3.53, a quick ratio of 3.14 and a debt-to-equity ratio of 0.17. NVIDIA has a 1 year low of $39.23 and a 1 year high of $136.33. The firm has a 50 day moving average of $100.68 and a 200-day moving average of $79.64.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.10. The firm had revenue of $26.04 billion during the quarter, compared to analysts’ expectations of $24.59 billion. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. NVIDIA’s revenue was up 262.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 EPS. As a group, sell-side analysts anticipate that NVIDIA will post 2.52 EPS for the current fiscal year.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 100,000 shares of NVIDIA stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $1,194.57, for a total value of $119,457,000.00. Following the transaction, the director now directly owns 2,967,136 shares of the company’s stock, valued at approximately $3,544,451,651.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $91.16, for a total transaction of $410,229.00. Following the completion of the sale, the insider now directly owns 498,150 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Tench Coxe sold 100,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $1,194.57, for a total value of $119,457,000.00. Following the transaction, the director now owns 2,967,136 shares in the company, valued at approximately $3,544,451,651.52. The disclosure for this sale can be found here. Insiders sold a total of 1,417,870 shares of company stock worth $263,658,838 over the last three months. Company insiders own 4.23% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Several hedge funds have recently made changes to their positions in NVDA. Hamilton Wealth LLC boosted its holdings in NVIDIA by 0.3% during the 1st quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker’s stock valued at $2,839,000 after acquiring an additional 9 shares during the period. Brooklyn FI LLC grew its position in shares of NVIDIA by 2.5% in the 1st quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker’s stock worth $442,000 after buying an additional 12 shares during the last quarter. Curran Financial Partners LLC grew its holdings in NVIDIA by 1.8% in the first quarter. Curran Financial Partners LLC now owns 691 shares of the computer hardware maker’s stock worth $625,000 after purchasing an additional 12 shares during the last quarter. Beacon Bridge Wealth Partners LLC grew its stake in NVIDIA by 2.6% during the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 473 shares of the computer hardware maker’s stock worth $428,000 after buying an additional 12 shares during the last quarter. Finally, M. Kraus & Co grew its stake in shares of NVIDIA by 2.0% during the first quarter. M. Kraus & Co now owns 657 shares of the computer hardware maker’s stock worth $594,000 after acquiring an additional 13 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

About NVIDIA

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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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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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