NVIDIA (NASDAQ:NVDA) Price Target Raised to $150.00 at Evercore ISI

NVIDIA (NASDAQ:NVDA) had its price objective boosted by Evercore ISI from $145.00 to $150.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the computer hardware maker’s stock.

Other equities research analysts have also recently issued reports about the company. Susquehanna upped their price objective on NVIDIA from $120.00 to $145.00 and gave the stock a positive rating in a research note on Monday, June 10th. Truist Financial reiterated a buy rating and issued a $140.00 price target (up from $128.80) on shares of NVIDIA in a research note on Thursday, June 27th. Stifel Nicolaus increased their price target on NVIDIA from $91.00 to $108.50 and gave the company a buy rating in a research note on Monday, May 20th. Mizuho increased their price target on NVIDIA from $118.00 to $127.50 and gave the company a buy rating in a research note on Tuesday, June 4th. Finally, Argus raised their price objective on NVIDIA from $110.00 to $150.00 and gave the stock a buy rating in a research note on Tuesday, June 11th. Five research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA presently has a consensus rating of Moderate Buy and an average target price of $132.10.

NVIDIA Trading Up 4.5 %

Shares of NASDAQ NVDA opened at $129.37 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14. The stock has a market capitalization of $3.18 trillion, a P/E ratio of 75.65, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68. NVIDIA has a 1-year low of $39.23 and a 1-year high of $140.76. The business has a fifty day moving average price of $120.95 and a 200 day moving average price of $101.29.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The firm had revenue of $26.04 billion during the quarter, compared to analysts’ expectations of $24.59 billion. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The firm’s quarterly revenue was up 262.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. Equities research analysts expect that NVIDIA will post 2.53 EPS for the current fiscal year.

Insider Activity

In other news, Director Tench Coxe sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $1,194.57, for a total value of $119,457,000.00. Following the completion of the sale, the director now directly owns 2,967,136 shares of the company’s stock, valued at approximately $3,544,451,651.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Tench Coxe sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $1,194.57, for a total value of $119,457,000.00. Following the completion of the transaction, the director now directly owns 2,967,136 shares of the company’s stock, valued at approximately $3,544,451,651.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dawn E. Hudson sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $114.00, for a total value of $5,700,200.00. Following the completion of the transaction, the director now directly owns 505,000 shares of the company’s stock, valued at $57,572,020. The disclosure for this sale can be found here. Insiders sold 4,170,723 shares of company stock valued at $616,106,141 in the last three months. 4.23% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NVIDIA

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in NVIDIA by 9.3% during the fourth quarter. International Assets Investment Management LLC now owns 34,059 shares of the computer hardware maker’s stock worth $16,867,000 after buying an additional 2,893 shares in the last quarter. Tennessee Valley Asset Management Partners increased its position in NVIDIA by 1.1% during the fourth quarter. Tennessee Valley Asset Management Partners now owns 2,476 shares of the computer hardware maker’s stock worth $1,226,000 after buying an additional 27 shares in the last quarter. Cora Capital Advisors LLC increased its position in NVIDIA by 6.5% during the fourth quarter. Cora Capital Advisors LLC now owns 835 shares of the computer hardware maker’s stock worth $414,000 after buying an additional 51 shares in the last quarter. Tyche Wealth Partners LLC purchased a new position in NVIDIA during the fourth quarter worth $5,011,000. Finally, Safeguard Financial LLC purchased a new position in NVIDIA during the fourth quarter worth $262,000. 65.27% of the stock is owned by hedge funds and other 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.