NVIDIA (NASDAQ:NVDA) Price Target Raised to $400.00 at Mizuho

NVIDIA (NASDAQ:NVDA – Get Rating) had its target price upped by Mizuho from $290.00 to $400.00 in a research report released on Thursday, The Fly reports.

Several other research firms have also recently issued reports on NVDA. Credit Suisse Group set a $275.00 price objective on NVIDIA in a report on Wednesday, March 22nd. Oppenheimer raised their price objective on NVIDIA from $350.00 to $420.00 in a report on Thursday. Citigroup raised their price objective on NVIDIA from $363.00 to $420.00 in a report on Thursday. UBS Group set a $270.00 price objective on NVIDIA in a report on Monday, March 27th. Finally, TheStreet upgraded NVIDIA from a c+ rating to a b- rating in a report on Monday, March 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, NVIDIA has a consensus rating of Moderate Buy and an average price target of $375.13.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $379.80 on Thursday. The business’s fifty day moving average price is $280.52 and its two-hundred day moving average price is $218.29. 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 debt-to-equity ratio of 0.44, a quick ratio of 2.73 and a current ratio of 3.52. NVIDIA has a one year low of $108.13 and a one year high of $394.80.

NVIDIA (NASDAQ:NVDA – Get Rating) last announced its earnings results on Wednesday, May 24th. The computer hardware maker reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. The firm had revenue of $7.19 billion for 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%. NVIDIA’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 EPS. On average, analysts forecast that NVIDIA will post 3.28 EPS for the current fiscal year.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $229.29, for a total transaction of $1,375,740.00. Following the sale, the chief financial officer now owns 561,401 shares of the company’s stock, valued at $128,723,635.29. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other NVIDIA news, Director Dawn E. Hudson sold 5,000 shares of the company’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $274.55, for a total value of $1,372,750.00. Following the transaction, the director now owns 85,350 shares of the company’s stock, valued at $23,432,842.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 6,000 shares of the company’s 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 transaction, the chief financial officer now directly owns 561,401 shares in the company, valued at approximately $128,723,635.29. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,084 shares of company stock worth $14,516,510. Company insiders own 3.99% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Empower Advisory Group LLC bought a new position in shares of NVIDIA in the first quarter valued at $135,351,000. Old North State Trust LLC raised its stake in NVIDIA by 6.3% during the 1st quarter. Old North State Trust LLC now owns 3,952 shares of the computer hardware maker’s stock valued at $1,098,000 after purchasing an additional 235 shares during the period. Toroso Investments LLC raised its stake in NVIDIA by 14.2% during the 1st quarter. Toroso Investments LLC now owns 109,200 shares of the computer hardware maker’s stock valued at $30,332,000 after purchasing an additional 13,573 shares during the period. 3Chopt Investment Partners LLC acquired a new stake in NVIDIA during the 1st quarter valued at $3,763,000. Finally, Raleigh Capital Management Inc. raised its stake in NVIDIA by 194.6% during the 1st quarter. Raleigh Capital Management Inc. now owns 433 shares of the computer hardware maker’s stock valued at $120,000 after purchasing an additional 286 shares during the period. Institutional investors 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.