NVIDIA (NASDAQ:NVDA) Price Target Increased to $450.00 by Analysts at BMO Capital Markets

NVIDIA (NASDAQ:NVDA – Get Rating) had its target price increased by BMO Capital Markets from $350.00 to $450.00 in a research note published on Thursday morning, The Fly reports.

A number of other research firms also recently weighed in on NVDA. UBS Group set a $270.00 price target on shares of NVIDIA in a research note on Monday, March 27th. 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. KeyCorp raised their price target on shares of NVIDIA from $320.00 to $375.00 in a research note on Monday. BNP Paribas upgraded shares of NVIDIA from an underperform rating to a neutral rating and set a $230.00 price target on the stock in a research note on Tuesday, March 21st. Finally, Barclays raised their price target on shares of NVIDIA from $275.00 to $500.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $375.13.

NVIDIA Trading Up 24.4 %

Shares of NVIDIA stock opened at $379.80 on Thursday. The company has a market capitalization of $939.29 billion, a price-to-earnings ratio of 197.81, a PEG 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 12-month low of $108.13 and a 12-month high of $394.80. The firm’s 50-day moving average price is $280.52 and its two-hundred day moving average price is $218.29.

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

Insider Activity at NVIDIA

In related news, EVP Debora Shoquist sold 23,084 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 139,860 shares in the company, valued at $42,657,300. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Debora Shoquist sold 23,084 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 139,860 shares in the company, valued at $42,657,300. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Colette Kress sold 6,000 shares of the stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $229.29, for a total transaction of $1,375,740.00. Following the transaction, the chief financial officer now 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 worth $14,516,510. 3.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVIDIA

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. bought a new position in NVIDIA during the first quarter worth about $28,000. Nordwand Advisors LLC bought a new position in NVIDIA during the first quarter worth about $28,000. Graham Capital Wealth Management LLC purchased a new stake in shares of NVIDIA in the first quarter worth about $311,102,000. Quarry LP purchased a new stake in shares of NVIDIA in the first quarter worth about $34,000. Finally, 25 LLC purchased a new stake in shares of NVIDIA in the first quarter worth about $46,000. 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.