NVIDIA (NASDAQ:NVDA) PT Raised to $165.00 at TD Cowen

NVIDIA (NASDAQ:NVDA) had its price objective upped by investment analysts at TD Cowen from $140.00 to $165.00 in a research note issued on Monday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the computer hardware maker’s stock. TD Cowen’s price target points to a potential upside of 30.58% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. KeyCorp upped their target price on shares of NVIDIA from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. JPMorgan Chase & Co. upped their target price on shares of NVIDIA from $85.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Rosenblatt Securities raised their target price on shares of NVIDIA from $140.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. HSBC lifted their target price on shares of NVIDIA from $105.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, The Goldman Sachs Group lifted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Six analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.76.

NVIDIA Price Performance

Shares of NVDA opened at $126.36 on Monday. NVIDIA has a 1-year low of $39.23 and a 1-year high of $140.76. The stock has a market cap of $3.11 trillion, a PE ratio of 73.90, a price-to-earnings-growth ratio of 1.36 and a beta of 1.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14. The firm has a fifty day moving average price of $116.42 and a 200 day moving average price of $90.39.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The firm had revenue of $26.04 billion during the quarter, compared to analysts’ expectations of $24.59 billion. During the same period in the previous year, the company earned $0.09 earnings per share. NVIDIA’s quarterly revenue was up 262.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVIDIA will post 2.53 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 385,000 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $130.74, for a total value of $50,334,900.00. Following the completion of the transaction, the director now directly owns 9,141,240 shares in the company, valued at $1,195,125,717.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Mark A. Stevens sold 385,000 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $130.74, for a total value of $50,334,900.00. Following the completion of the transaction, the director now directly owns 9,141,240 shares in the company, valued at $1,195,125,717.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dawn E. Hudson sold 150,000 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $105.92, for a total transaction of $15,888,000.00. Following the completion of the sale, the director now directly owns 555,000 shares in the company, valued at $58,785,600. The disclosure for this sale can be found here. Insiders sold a total of 3,120,723 shares of company stock worth $494,991,341 over the last ninety days. 4.23% of the stock is owned by company insiders.

Institutional Trading of NVIDIA

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

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.