NVIDIA (NASDAQ:NVDA) Price Target Raised to $420.00 at Citigroup

NVIDIA (NASDAQ:NVDA – Get Rating) had its price target boosted by Citigroup from $363.00 to $420.00 in a research report report published on Thursday, The Fly reports.

NVDA has been the subject of a number of other reports. Craig Hallum upped their price objective on shares of NVIDIA from $165.00 to $190.00 and gave the stock a hold rating in a research report on Thursday, February 23rd. TD Cowen upped their price objective on shares of NVIDIA from $260.00 to $300.00 and gave the stock an outperform rating in a research report on Wednesday, March 22nd. UBS Group set a $270.00 price objective on shares of NVIDIA in a research report on Monday, March 27th. The Goldman Sachs Group increased their target price on shares of NVIDIA from $275.00 to $440.00 in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of NVIDIA from $200.00 to $220.00 and gave the company a hold rating in a research report on Wednesday, March 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $375.13.

NVIDIA Trading Up 24.4 %

NASDAQ:NVDA opened at $379.80 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.52 and a quick ratio of 2.73. The firm has a 50-day moving average of $280.52 and a 200-day moving average of $218.29. The company has a market cap of $939.29 billion, a PE ratio of 197.81, a PEG ratio of 5.31 and a beta of 1.77. NVIDIA has a one year low of $108.13 and a one year high of $394.80.

NVIDIA (NASDAQ:NVDA – Get Rating) last posted its earnings results on Wednesday, May 24th. The computer hardware maker reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. The company had revenue of $7.19 billion during 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 firm’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 earnings per share. As a group, equities research analysts expect that NVIDIA will post 3.28 EPS for the current fiscal year.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 6,000 shares of the firm’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 sale, the chief financial officer now owns 561,401 shares of the company’s stock, valued at approximately $128,723,635.29. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other NVIDIA news, CFO Colette Kress sold 6,000 shares of the firm’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 sale, the chief financial officer now owns 561,401 shares of the company’s stock, valued at approximately $128,723,635.29. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Debora Shoquist sold 23,084 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was 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 directly owns 139,860 shares in the company, valued at approximately $42,657,300. The disclosure for this sale can be found here. Insiders have sold a total of 54,084 shares of company stock worth $14,516,510 in the last 90 days. 3.99% of the stock is owned by company insiders.

Institutional Trading of NVIDIA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nikulski Financial Inc. boosted its position in NVIDIA by 1.3% during the 1st quarter. Nikulski Financial Inc. now owns 2,675 shares of the computer hardware maker’s stock valued at $743,000 after acquiring an additional 35 shares in the last quarter. Opal Wealth Advisors LLC boosted its position in NVIDIA by 1.8% during the 1st quarter. Opal Wealth Advisors LLC now owns 2,103 shares of the computer hardware maker’s stock valued at $584,000 after acquiring an additional 37 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its position in NVIDIA by 0.3% during 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 acquiring an additional 37 shares in the last quarter. Centurion Wealth Management LLC boosted its position in shares of NVIDIA by 0.4% in the 1st quarter. Centurion Wealth Management LLC now owns 8,859 shares of the computer hardware maker’s stock worth $2,461,000 after purchasing an additional 37 shares in the last quarter. Finally, Callan Family Office LLC boosted its position in shares of NVIDIA by 0.7% in the 1st quarter. Callan Family Office LLC now owns 5,219 shares of the computer hardware maker’s stock worth $1,450,000 after purchasing an additional 37 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

About NVIDIA

(Get Rating)

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.