NVIDIA (NASDAQ:NVDA) Given New $500.00 Price Target at Barclays

NVIDIA (NASDAQ:NVDA – Get Rating) had its target price hoisted by Barclays from $275.00 to $500.00 in a report released on Thursday morning, The Fly reports.

Several other equities analysts also recently commented on NVDA. Westpark Capital began coverage on shares of NVIDIA in a research note on Wednesday, March 22nd. They issued a hold rating on the stock. Rosenblatt Securities restated a buy rating and issued a $320.00 price target on shares of NVIDIA in a research note on Wednesday, March 22nd. Wells Fargo & Company upped their price target on shares of NVIDIA from $275.00 to $320.00 and gave the company an overweight rating in a research note on Wednesday, March 22nd. Wedbush upped their price target on shares of NVIDIA from $216.00 to $290.00 in a research note on Monday. Finally, UBS Group set a $270.00 price target on shares of NVIDIA in a research note on Monday, March 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $375.13.

NVIDIA Price Performance

NASDAQ:NVDA opened at $379.80 on Thursday. NVIDIA has a one year low of $108.13 and a one year high of $394.80. The company has a market cap of $939.29 billion, a P/E ratio of 197.81, a P/E/G ratio of 5.31 and a beta of 1.77. The firm’s fifty day moving average price is $280.52 and its two-hundred day moving average price is $218.29. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.52 and a quick ratio of 2.73.

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

Insider Buying and Selling at NVIDIA

In other news, EVP Debora Shoquist sold 23,084 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $305.00, for a total transaction 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 approximately $42,657,300. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Debora Shoquist sold 23,084 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $305.00, for a total transaction 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 approximately $42,657,300. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark L. Perry sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $236.37, for a total transaction of $4,727,400.00. Following the sale, the director now directly owns 140,000 shares of the company’s stock, valued at approximately $33,091,800. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,084 shares of company stock valued at $14,516,510. 3.99% of the stock is currently owned by company insiders.

Institutional Trading of NVIDIA

Several large investors have recently modified their holdings of NVDA. Nikulski Financial Inc. grew its position in NVIDIA by 1.3% in the 1st quarter. Nikulski Financial Inc. now owns 2,675 shares of the computer hardware maker’s stock valued at $743,000 after purchasing an additional 35 shares during the period. Opal Wealth Advisors LLC grew its position in NVIDIA by 1.8% in the 1st quarter. Opal Wealth Advisors LLC now owns 2,103 shares of the computer hardware maker’s stock valued at $584,000 after purchasing an additional 37 shares during the period. Bradley Foster & Sargent Inc. CT grew its position in NVIDIA by 0.3% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 11,710 shares of the computer hardware maker’s stock valued at $3,253,000 after purchasing an additional 37 shares during the period. Centurion Wealth Management LLC grew its position in NVIDIA by 0.4% in the 1st quarter. Centurion Wealth Management LLC now owns 8,859 shares of the computer hardware maker’s stock valued at $2,461,000 after purchasing an additional 37 shares during the period. Finally, Callan Family Office LLC grew its position in NVIDIA by 0.7% in the 1st quarter. Callan Family Office LLC now owns 5,219 shares of the computer hardware maker’s stock valued at $1,450,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

About NVIDIA

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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.