NVIDIA (NASDAQ:NVDA) PT Raised to $790.00

NVIDIA (NASDAQ:NVDAGet Free Report) had its price target increased by investment analysts at Tigress Financial from $560.00 to $790.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the computer hardware maker’s stock. Tigress Financial’s price target would suggest a potential upside of 40.94% from the stock’s current price.

Several other equities research analysts have also issued reports on NVDA. Truist Financial lifted their price target on shares of NVIDIA from $668.00 to $674.00 and gave the company a “buy” rating in a research note on Wednesday, November 22nd. Benchmark reaffirmed a “buy” rating and set a $625.00 target price on shares of NVIDIA in a report on Wednesday, November 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $620.00 target price on shares of NVIDIA in a report on Friday, November 17th. StockNews.com assumed coverage on shares of NVIDIA in a report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Citigroup cut their price objective on shares of NVIDIA from $630.00 to $575.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $601.46.

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NVIDIA Stock Performance

NASDAQ NVDA opened at $560.53 on Thursday. The firm has a market cap of $1.38 trillion, a price-to-earnings ratio of 73.95, a PEG ratio of 3.77 and a beta of 1.64. The company has a 50 day moving average of $493.35 and a 200-day moving average of $462.19. The company has a current ratio of 3.59, a quick ratio of 3.06 and a debt-to-equity ratio of 0.25. NVIDIA has a 1-year low of $167.31 and a 1-year high of $568.35.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings data on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.03 by $0.99. The firm had revenue of $18.12 billion for the quarter, compared to analysts’ expectations of $16.19 billion. NVIDIA had a net margin of 42.10% and a return on equity of 72.28%. The business’s revenue for the quarter was up 205.5% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. On average, equities analysts forecast that NVIDIA will post 11.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $483.18, for a total value of $4,831,800.00. Following the completion of the transaction, the director now directly owns 989,831 shares in the company, valued at approximately $478,266,542.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Mark A. Stevens sold 10,400 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $481.60, for a total value of $5,008,640.00. Following the sale, the director now directly owns 979,431 shares of the company’s stock, valued at approximately $471,693,969.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $483.18, for a total transaction of $4,831,800.00. Following the sale, the director now directly owns 989,831 shares in the company, valued at $478,266,542.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 155,216 shares of company stock worth $79,810,950. 3.99% of the stock is currently owned by corporate insiders.

Institutional Trading of NVIDIA

Institutional investors have recently bought and sold shares of the company. Peoples Financial Services CORP. purchased a new stake in shares of NVIDIA during the 3rd quarter valued at about $30,000. Your Advocates Ltd. LLP bought a new position in shares of NVIDIA in the 3rd quarter worth approximately $30,000. Marquette Asset Management LLC bought a new position in shares of NVIDIA in the 2nd quarter worth approximately $34,000. Quarry LP bought a new position in shares of NVIDIA in the 1st quarter worth approximately $34,000. Finally, Compass Wealth Management LLC bought a new position in shares of NVIDIA in the 4th quarter worth approximately $39,000. 64.79% of the stock is owned by hedge funds and other institutional investors.

About NVIDIA

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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