NVIDIA (NASDAQ:NVDA) PT Raised to $1,100.00 at The Goldman Sachs Group

NVIDIA (NASDAQ:NVDA) had its price target upped by investment analysts at The Goldman Sachs Group from $1,000.00 to $1,100.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the computer hardware maker’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 21.67% from the company’s current price.

A number of other research firms also recently issued reports on NVDA. Sanford C. Bernstein lifted their price objective on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. UBS Group raised their target price on shares of NVIDIA from $1,100.00 to $1,150.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Morgan Stanley upped their price target on shares of NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Wells Fargo & Company raised their price target on shares of NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $900.00 target price on shares of NVIDIA in a report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $944.05.

NVIDIA Price Performance

NASDAQ:NVDA opened at $904.12 on Tuesday. The firm has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 75.72, a P/E/G ratio of 1.27 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The stock has a fifty day moving average of $872.36 and a 200 day moving average of $659.34. NVIDIA has a 52-week low of $280.46 and a 52-week high of $974.00.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA’s revenue was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 earnings per share. On average, research analysts expect that NVIDIA will post 22.55 EPS for the current fiscal year.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 128 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the transaction, the director now directly owns 2,055 shares in the company, valued at approximately $1,931,700. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other NVIDIA news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now directly owns 2,055 shares of the company’s stock, valued at $1,931,700. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,278 shares of company stock worth $52,689,898. Corporate insiders own 3.99% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Several large investors have recently made changes to their positions in NVDA. FPC Investment Advisory Inc. bought a new position in NVIDIA during the first quarter valued at $26,000. LFA Lugano Financial Advisors SA purchased a new stake in NVIDIA during the 4th quarter valued at $28,000. Criterion Capital Advisors LLC purchased a new position in NVIDIA during the fourth quarter worth $28,000. Your Advocates Ltd. LLP bought a new position in NVIDIA during the third quarter valued at $30,000. Finally, HBC Financial Services PLLC purchased a new stake in shares of NVIDIA in the first quarter valued at $30,000. 65.27% of the stock is owned by institutional investors.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.