NVIDIA (NASDAQ:NVDA – Get Rating) had its price target hoisted by Piper Sandler from $300.00 to $440.00 in a research note issued to investors on Thursday, The Fly reports.
Several other equities research analysts have also issued reports on NVDA. UBS Group raised their price target on shares of NVIDIA from $315.00 to $475.00 in a research note on Thursday. Cowen raised their price target on shares of NVIDIA from $240.00 to $260.00 in a research note on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of NVIDIA from $200.00 to $220.00 and gave the company a hold rating in a research note on Wednesday, March 22nd. JPMorgan Chase & Co. lifted their price objective on shares of NVIDIA from $250.00 to $500.00 in a research note on Thursday. Finally, Needham & Company LLC lifted their price objective on shares of NVIDIA from $300.00 to $460.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $375.13.
NVIDIA Trading Up 24.4 %
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. NVIDIA has a fifty-two week low of $108.13 and a fifty-two week high of $394.80. The firm has a market capitalization of $939.29 billion, a PE ratio of 197.81, a P/E/G ratio of 5.31 and a beta of 1.77. The company’s 50-day moving average is $280.52 and its 200 day moving average is $218.29.
Insider Buying and Selling
In related news, EVP Debora Shoquist sold 23,084 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 139,860 shares in the company, valued at approximately $42,657,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other NVIDIA news, EVP Debora Shoquist sold 23,084 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $305.00, for a total value of $7,040,620.00. Following the completion of the sale, the executive vice president now owns 139,860 shares in the company, valued at approximately $42,657,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dawn E. Hudson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $274.55, for a total transaction of $1,372,750.00. Following the sale, the director now owns 85,350 shares of the company’s stock, valued at approximately $23,432,842.50. The disclosure for this sale can be found here. Insiders sold a total of 54,084 shares of company stock worth $14,516,510 in the last 90 days. Insiders own 3.99% of the company’s stock.
Hedge Funds Weigh In On NVIDIA
A number of hedge funds have recently made changes to their positions in NVDA. Norges Bank purchased a new position in shares of NVIDIA during the 4th quarter worth approximately $3,900,874,000. Moneta Group Investment Advisors LLC raised its holdings in shares of NVIDIA by 160,446.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock valued at $2,862,392,000 after purchasing an additional 19,574,443 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of NVIDIA by 178,831.3% in the 1st quarter. Proficio Capital Partners LLC now owns 12,179,851 shares of the computer hardware maker’s stock valued at $12,235,000 after purchasing an additional 12,173,044 shares in the last quarter. GQG Partners LLC acquired a new stake in NVIDIA during the 1st quarter worth $2,290,856,000. Finally, Jennison Associates LLC raised its stake in NVIDIA by 34.8% during the 4th quarter. Jennison Associates LLC now owns 23,299,291 shares of the computer hardware maker’s stock worth $3,404,958,000 after acquiring an additional 6,013,647 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.
NVIDIA Company Profile
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.
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