NVIDIA (NASDAQ:NVDA) Given New $475.00 Price Target at UBS Group

NVIDIA (NASDAQ:NVDA – Get Rating) had its target price lifted by UBS Group from $315.00 to $475.00 in a research report report published on Thursday morning, The Fly reports.

NVDA has been the subject of a number of other reports. Bank of America upped their target price on NVIDIA from $340.00 to $450.00 in a research report on Thursday. Truist Financial upped their price objective on NVIDIA from $322.00 to $470.00 in a research note on Thursday. Westpark Capital started coverage on NVIDIA in a research note on Wednesday, March 22nd. They set a hold rating for the company. Cowen upped their price objective on NVIDIA from $240.00 to $260.00 in a research note on Thursday, February 23rd. Finally, Barclays upped their price objective on NVIDIA from $275.00 to $500.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have given a buy rating and one has issued 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 $375.13.

NVIDIA Stock Up 24.4 %

Shares of NASDAQ NVDA opened at $379.80 on Thursday. The stock has a market cap of $939.29 billion, a PE ratio of 197.81, a price-to-earnings-growth ratio of 5.31 and a beta of 1.77. The company has a quick ratio of 2.73, a current ratio of 3.52 and a debt-to-equity ratio of 0.44. NVIDIA has a 52-week low of $108.13 and a 52-week high of $394.80. The business has a 50-day moving average price of $280.52 and a 200 day moving average price of $218.29.

NVIDIA (NASDAQ:NVDA – Get Rating) last announced its earnings results on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. The firm had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $6.52 billion. NVIDIA had a return on equity of 24.18% and a net margin of 18.52%. The business’s revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. Equities research analysts forecast that NVIDIA will post 3.28 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Debora Shoquist sold 23,084 shares of NVIDIA stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $305.00, for a total value of $7,040,620.00. Following the completion of the sale, the executive vice president now owns 139,860 shares of the company’s stock, valued at $42,657,300. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Debora Shoquist sold 23,084 shares of NVIDIA stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $305.00, for a total value of $7,040,620.00. Following the completion of the sale, the executive vice president now owns 139,860 shares of the company’s stock, valued at $42,657,300. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 6,000 shares of NVIDIA stock in a transaction on Monday, March 13th. The shares were sold at an average price of $229.29, for a total value of $1,375,740.00. Following the completion of the sale, the chief financial officer now directly owns 561,401 shares of the company’s stock, valued at approximately $128,723,635.29. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,084 shares of company stock valued at $14,516,510. Corporate insiders own 3.99% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors have recently added to or reduced their stakes in the company. Empower Advisory Group LLC purchased a new stake in NVIDIA during the first quarter valued at about $135,351,000. Old North State Trust LLC grew its position in NVIDIA by 6.3% during the first quarter. Old North State Trust LLC now owns 3,952 shares of the computer hardware maker’s stock valued at $1,098,000 after acquiring an additional 235 shares during the period. Toroso Investments LLC grew its position in NVIDIA by 14.2% during the first quarter. Toroso Investments LLC now owns 109,200 shares of the computer hardware maker’s stock valued at $30,332,000 after acquiring an additional 13,573 shares during the period. 3Chopt Investment Partners LLC purchased a new stake in NVIDIA during the first quarter valued at about $3,763,000. Finally, Raleigh Capital Management Inc. grew its position in NVIDIA by 194.6% during the first quarter. Raleigh Capital Management Inc. now owns 433 shares of the computer hardware maker’s stock valued at $120,000 after acquiring an additional 286 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

NVIDIA Company Profile

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.