NVIDIA (NASDAQ:NVDA) PT raised to $145.00 at HSBC

NVIDIA (NASDAQ:NVDA – Get a Free Report) their price target was increased by HSBC from $135.00 to $145.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the computer hardware maker’s stock. HSBC’s target price would indicate a potential upside of 17.18% from the company’s current price.

NVDA has been the subject of a number of other reports. Truist Financial restated a “buy” rating and issued a $140.00 target price (up from $128.80) on shares of NVIDIA in a research report on Thursday, June 27th. Susquehanna upped their target price on NVIDIA from $120.00 to $145.00 and gave the company a “positive” rating in a report on Monday, June 10th. Mizuho upped their target price on NVIDIA from $118.00 to $127.50 and gave the company a “buy” rating in a report on Tuesday, June 4th. Barclays decreased their target price on NVIDIA from $1,200.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, June 10th. Finally, UBS Group upped their target price on NVIDIA from $120.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 8th. Five research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Moderate Buy” and a consensus price target of $131.55, based on data from MarketBeat.com.

See the latest stock analysis on NVIDIA

NVIDIA stock performance

Shares of NASDAQ NVDA opened at $123.74 on Wednesday. The company has a market cap of $3.04 trillion, a PE ratio of 72.36, a P/E/G ratio of 1.15 and a beta of 1.68. The company has a current ratio of 3.53, a quick ratio of 3.14, and a debt-to-equity ratio of 0.17. NVIDIA has a 12-month low of $39.23 and a 12-month high of $140.76. The stock has a 50-day simple moving average of $121.00 and a 200-day simple moving average of $100.87.

NVIDIA (NASDAQ:NVDA – Get Your Free Report ) last released its earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The firm had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The company’s revenue for the quarter was up 262.1% compared to the same quarter last year. In the same period last year, the firm posted earnings of $0.09 per share. On average, equities research analysts forecast that NVIDIA will post 2.53 EPS for the current year.

Insider buying and selling at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 100,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $1,194.57, for a total transaction of $119,457,000.00. Following the completion of the sale, the director now directly owns 2,967,136 shares in the company, valued at $3,544,451,651.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In other news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $104.83, for a total transaction of $12,579,600.00. Following the completion of the transaction, the chief executive officer now owns 76,614,995 shares of the company’s stock, valued at $8,031,549,925.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. Also, Director Tench Coxe sold 100,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $1,194.57, for a total transaction of $119,457,000.00. Following the transaction, the director now directly owns 2,967,136 shares of the company’s stock, valued at approximately $3,544,451,651.52. The disclosure for this sale can be found here. Insiders have sold 4,170,723 shares of company stock worth $616,106,141 over the last ninety days. Company insiders own 4.23% of the company’s shares.

Institutional inputs and outputs

A number of large investors have recently made changes to their positions in the stock. Legal & General Group Plc grew its position in NVIDIA by 884.0% in the second quarter. Legal & General Group Plc now owns 213,127,959 shares of the computer hardware maker’s stock worth $26,329,751,000 after purchasing an additional 191,469,114 shares during the last quarter. Bank of New York Mellon Corp grew its position in NVIDIA by 854.1% in the second quarter. Bank of New York Mellon Corp now owns 182,622,629 shares of the computer hardware maker’s stock worth $22,561,200,000 after purchasing an additional 163,482,580 shares during the last quarter. Ameriprise Financial Inc. raised its position in NVIDIA by 870.3% in the second quarter. Ameriprise Financial Inc. now owns 102,422,225 shares of the computer hardware maker’s stock worth $12,658,922,000 after purchasing an additional 91,867,031 shares in the last quarter. Dimensional Fund Advisors LP grew its position in NVIDIA by 1,123.2% in the second quarter. Dimensional Fund Advisors LP now owns 92,039,713 shares of the computer hardware maker’s stock worth $11,371,255,000 after purchasing an additional 84,515,429 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in NVIDIA by 808.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 82,689,605 shares of the computer hardware maker’s stock worth $10,215,474,000 after buying an additional 73,589,208 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s shares.

NVIDIA Company Profile

(Get a free report)

NVIDIA Corporation provides graphics and computing 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 graphics workstations; 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.

Further reading

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