Oppenheimer Increases NVIDIA (NASDAQ:NVDA) Price Target to $200.00

NVIDIA (NASDAQ:NVDA) had its target price boosted by analysts at Oppenheimer from $175.00 to $200.00 in a report released on Tuesday, Marketbeat reports. The firm currently has an “outperform” rating on the computer hardware maker’s stock. Oppenheimer’s price target points to a potential upside of 16.71% from the company’s current price.

A number of other research analysts have also weighed in on NVDA. Raymond James Financial boosted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 29th. Bank of America boosted their price objective on NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Hsbc Global Res lowered shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Loop Capital upped their target price on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Finally, William Blair restated an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $181.22.

NVIDIA Trading Up 0.4%

NVIDIA stock opened at $171.37 on Tuesday. NVIDIA has a one year low of $86.62 and a one year high of $172.40. The company’s fifty day moving average price is $144.76 and its two-hundred day moving average price is $129.39. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company has a market capitalization of $4.18 trillion, a price-to-earnings ratio of 55.28, a PEG ratio of 1.51 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the company posted $0.61 EPS. The business’s revenue was up 69.2% compared to the same quarter last year. On average, analysts forecast that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director A Brooke Seawell sold 48,792 shares of the firm’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $163.96, for a total value of $7,999,936.32. Following the transaction, the director owned 1,729,478 shares in the company, valued at $283,565,212.88. This trade represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $164.36, for a total value of $12,327,000.00. Following the completion of the sale, the chief executive officer owned 74,648,225 shares of the company’s stock, valued at approximately $12,269,182,261. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,767,150 shares of company stock valued at $701,030,045. 4.17% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently modified their holdings of NVDA. Signature Resources Capital Management LLC boosted its stake in NVIDIA by 33.9% in the second quarter. Signature Resources Capital Management LLC now owns 2,310 shares of the computer hardware maker’s stock valued at $365,000 after acquiring an additional 585 shares during the last quarter. Kiley Juergens Wealth Management LLC lifted its stake in shares of NVIDIA by 0.7% in the 2nd quarter. Kiley Juergens Wealth Management LLC now owns 172,585 shares of the computer hardware maker’s stock valued at $27,267,000 after purchasing an additional 1,243 shares during the period. Marmo Financial Group LLC bought a new position in shares of NVIDIA in the 2nd quarter worth $383,000. Spirepoint Private Client LLC grew its stake in shares of NVIDIA by 0.3% during the second quarter. Spirepoint Private Client LLC now owns 138,619 shares of the computer hardware maker’s stock worth $21,900,000 after purchasing an additional 349 shares during the period. Finally, Formidable Asset Management LLC increased its holdings in NVIDIA by 0.3% in the second quarter. Formidable Asset Management LLC now owns 145,348 shares of the computer hardware maker’s stock valued at $22,964,000 after purchasing an additional 476 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Company Profile

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.