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

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

A number of other research analysts have also weighed in on NVDA. Raymond James reissued a strong-buy rating and set a $290.00 price target on shares of NVIDIA in a research report on Thursday, March 2nd. Rosenblatt Securities reissued a buy rating and set a $320.00 price target on shares of NVIDIA in a research report on Wednesday, March 22nd. Wedbush raised their price target on shares of NVIDIA from $216.00 to $290.00 in a research report on Monday. Robert W. Baird raised shares of NVIDIA from a neutral rating to an outperform rating and lifted their price objective for the stock from $300.00 to $475.00 in a research report on Thursday. Finally, Jefferies Financial Group lifted their price objective on shares of NVIDIA from $275.00 to $300.00 and gave the stock a buy rating in a research report on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $375.13.

NVIDIA Stock Performance

NVDA opened at $379.80 on Thursday. The company has a current ratio of 3.52, a quick ratio of 2.73 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average price is $280.52 and its two-hundred day moving average price is $218.29. NVIDIA has a 1-year low of $108.13 and a 1-year high of $394.80. The company has a market cap of $939.29 billion, a price-to-earnings ratio of 197.81, a PEG ratio of 5.31 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA – Get Rating) last released its quarterly earnings data on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. NVIDIA had a net margin of 18.52% and a return on equity of 24.18%. The firm had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $6.52 billion. During the same quarter in the prior year, the company posted $1.18 earnings per share. The business’s revenue was down 13.2% on a year-over-year basis. On average, analysts expect that NVIDIA will post 3.28 EPS for the current fiscal year.

Insider Transactions at NVIDIA

In other news, Director Dawn E. Hudson sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $274.55, for a total value of $1,372,750.00. Following the completion of the sale, the director now directly owns 85,350 shares in the company, valued at approximately $23,432,842.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Dawn E. Hudson sold 5,000 shares of the company’s stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $274.55, for a total transaction of $1,372,750.00. Following the completion of the sale, the director now directly owns 85,350 shares in the company, valued at approximately $23,432,842.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Debora Shoquist sold 23,084 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $305.00, for a total transaction of $7,040,620.00. Following the sale, the executive vice president now owns 139,860 shares of the company’s stock, valued at $42,657,300. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,084 shares of company stock worth $14,516,510. 3.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new position in NVIDIA during the 1st quarter valued at $28,000. Nordwand Advisors LLC purchased a new position in NVIDIA during the 1st quarter valued at $28,000. Graham Capital Wealth Management LLC purchased a new position in NVIDIA during the 1st quarter valued at $311,102,000. Quarry LP purchased a new position in NVIDIA during the 1st quarter valued at $34,000. Finally, 25 LLC purchased a new position in NVIDIA during the 1st quarter valued at $46,000. 61.80% of the stock is currently owned by institutional investors.

NVIDIA Company Profile

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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.