NVIDIA (NASDAQ:NVDA) PT Raised to $1,310.00 at Evercore ISI

NVIDIA (NASDAQ:NVDA) had its target price increased by equities research analysts at Evercore ISI from $1,160.00 to $1,310.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the computer hardware maker’s stock. Evercore ISI’s target price would indicate a potential upside of 37.97% from the stock’s current price.

NVDA has been the topic of several other research reports. Barclays raised their price objective on NVIDIA from $850.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Monday. Raymond James raised their price objective on NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 11th. Jefferies Financial Group started coverage on NVIDIA in a research note on Monday, May 13th. They set a “buy” rating and a $1,200.00 price objective on the stock. Wolfe Research lifted their price target on NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, CICC Research started coverage on NVIDIA in a research note on Wednesday, March 6th. They issued 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 issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,042.18.

NVIDIA Stock Down 0.5 %

NASDAQ:NVDA opened at $949.50 on Thursday. NVIDIA has a 12-month low of $298.06 and a 12-month high of $974.00. 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 capitalization of $2.34 trillion, a P/E ratio of 79.52, a P/E/G ratio of 1.33 and a beta of 1.75. The stock’s fifty day simple moving average is $886.29 and its 200-day simple moving average is $696.36.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share (EPS) for the quarter, topping 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 business had revenue of $26.04 billion for the quarter, compared to analyst estimates of $24.59 billion. During the same period last year, the company earned $0.88 EPS. The firm’s revenue was up 262.1% on a year-over-year basis. Equities research analysts expect that NVIDIA will post 23.18 earnings per share for the current year.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the transaction, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,278 shares of company stock worth $52,689,898. Corporate insiders own 4.23% of the company’s stock.

Institutional Trading of NVIDIA

Institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in shares of NVIDIA during the 4th quarter worth about $14,606,369,000. International Assets Investment Management LLC boosted its position in shares of NVIDIA by 54,019.5% during the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after purchasing an additional 16,835,703 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of NVIDIA by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 213,335,626 shares of the computer hardware maker’s stock worth $192,761,538,000 after acquiring an additional 8,828,050 shares during the last quarter. Global Assets Advisory LLC bought a new position in NVIDIA in the 1st quarter valued at about $4,826,280,000. Finally, Swedbank AB bought a new position in shares of NVIDIA during the 1st quarter worth approximately $3,922,733,000. Institutional investors own 65.27% of the company’s stock.

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.