Mizuho Increases NVIDIA (NASDAQ:NVDA) Price Target to $1,000.00

NVIDIA (NASDAQ:NVDAFree Report) had its price objective boosted by Mizuho from $850.00 to $1,000.00 in a research note released on Thursday, Marketbeat Ratings reports. Mizuho currently has a buy rating on the computer hardware maker’s stock.

NVDA has been the subject of a number of other reports. Craig Hallum raised their price target on NVIDIA from $700.00 to $850.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. TD Cowen raised their price objective on NVIDIA from $700.00 to $900.00 and gave the company an outperform rating in a research note on Thursday, February 22nd. BMO Capital Markets raised their price objective on NVIDIA from $600.00 to $650.00 and gave the company an outperform rating in a research note on Wednesday, November 22nd. Argus raised their price objective on NVIDIA from $600.00 to $850.00 and gave the company a buy rating in a research note on Thursday, February 22nd. Finally, Tigress Financial raised their target price on NVIDIA from $790.00 to $985.00 and gave the company a buy rating in a report on Thursday, February 29th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $829.66.

Check Out Our Latest Stock Report on NVIDIA

NVIDIA Trading Up 4.5 %

NASDAQ:NVDA opened at $926.69 on Thursday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA has a 1-year low of $222.97 and a 1-year high of $927.67. The firm has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 77.61, a price-to-earnings-growth ratio of 1.37 and a beta of 1.73. The stock has a fifty day simple moving average of $658.73 and a 200 day simple moving average of $529.40.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same period last year, the company posted $0.65 EPS. The business’s quarterly revenue was up 265.3% compared to the same quarter last year. Sell-side analysts forecast that NVIDIA will post 21.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th will be given a $0.04 dividend. The ex-dividend date is Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s payout ratio is 1.34%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Dawn E. Hudson sold 1,000 shares of NVIDIA stock in a transaction on Friday, December 15th. The stock was sold at an average price of $492.52, for a total value of $492,520.00. Following the completion of the transaction, the director now owns 70,500 shares in the company, valued at approximately $34,722,660. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Mark A. Stevens sold 10,400 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $481.60, for a total transaction of $5,008,640.00. Following the completion of the sale, the director now owns 979,431 shares in the company, valued at $471,693,969.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dawn E. Hudson sold 1,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $492.52, for a total value of $492,520.00. Following the sale, the director now owns 70,500 shares of the company’s stock, valued at approximately $34,722,660. The disclosure for this sale can be found here. In the last quarter, insiders sold 136,174 shares of company stock worth $79,824,488. 3.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVDA. Norges Bank bought a new stake in NVIDIA in the fourth quarter valued at about $14,606,369,000. Moneta Group Investment Advisors LLC increased its holdings in NVIDIA by 160,446.3% in the fourth 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 during the last quarter. International Assets Investment Management LLC increased its holdings in NVIDIA by 54,019.5% in the fourth quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock valued at $8,352,811,000 after purchasing an additional 16,835,703 shares during the last quarter. Legal & General Group Plc increased its holdings in NVIDIA by 28.7% in the fourth quarter. Legal & General Group Plc now owns 20,791,626 shares of the computer hardware maker’s stock valued at $10,296,429,000 after purchasing an additional 4,640,088 shares during the last quarter. Finally, Morgan Stanley increased its holdings in NVIDIA by 20.2% in the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after purchasing an additional 4,621,002 shares during the last quarter. Institutional investors own 64.79% of the company’s stock.

NVIDIA Company Profile

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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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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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