Shares of NVIDIA (NASDAQ:NVDA) rose 0.1% after the analyst update

Share price of NVIDIA Co. (NASDAQ:NVDA – Get Your Free Report ) was up 0.1% during mid-day trading on Thursday, after HSBC upped their target price for the stock from $135.00 to $145.00. HSBC currently has a buy rating on the stock. NVIDIA traded as high as $130.75 and last traded at $128.64. About 89,908,469 shares were traded mid-day, down 80% from the average daily volume of 445,252,875 shares. Shares previously closed at $128.50.

Several other equities analysts recently issued reports on NVDA. Stifel Nicolaus raised their price objective on NVIDIA from $91.00 to $108.50 and gave the company a “buy” rating in a research report on Monday, May 20th. Wells Fargo & Company raised their target price on NVIDIA from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, June 18th. DZ Bank cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $102.50 price objective on the stock. in a report on Friday, May 24. TD Cowen raised their price objective on shares of NVIDIA from $140.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Melius Research boosted their target price on shares of NVIDIA from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Five research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $131.55.

Get our latest analysis on NVIDIA

Insider buying and selling

In other news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $99.81, for a total transaction of $11,977,200.00. Following the completion of the transaction, the chief executive officer now directly owns 77,094,995 shares in the company, valued at approximately $7,694,851,450.95. The transaction was disclosed in a filing with the SEC, which is available at this link. In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.81, for a total transaction of $11,977,200.00. Following the transaction, the chief executive officer now owns 77,094,995 shares of the company’s stock, valued at approximately $7,694,851,450.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, Director Mark A. Stevens sold 99,390 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $113.02, for a total value of $11,232,759.63. Following the completion of the sale, the director now directly owns 10,251,940 shares of the company’s stock, valued at approximately $1,158,643,502.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,170,723 shares of company stock worth $616,106,141. 4.23% of shares are held by insiders.

Institutional investors are weighing on NVIDIA

A number of institutional investors and hedge funds have recently modified their holdings of NVDA. Lowe Wealth Advisors LLC acquired a new position in shares of NVIDIA in the second quarter valued at $25,000. DHJJ Financial Advisors Ltd. boosted its holdings in shares of NVIDIA by 1,900.0% during the second quarter. DHJJ Financial Advisors Ltd. now owns 200 shares of the computer hardware maker’s stock worth $25,000 after buying an additional 190 shares during the period. FPC Investment Advisory Inc. bought a new stake in shares of NVIDIA in the first quarter worth about $26,000. CGC Financial Services LLC purchased a new position in NVIDIA in the second quarter valued at approximately $26,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new position in NVIDIA in the first quarter valued at about $27,000. 65.27% of shares are owned by institutional investors.

NVIDIA Price Performance

The stock has a market cap of $3.04 trillion, a price-to-earnings ratio of 72.36, a P/E/G ratio of 1.15 and a beta of 1.68. The company’s 50-day simple moving average is $121.00, and its 200-day simple moving average is $100.87. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53, and a quick ratio of 3.14.

NVIDIA (NASDAQ:NVDA – Get Your Free Report ) last announced 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. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The company had revenue of $26.04 billion for the quarter, compared to analyst estimates of $24.59 billion. In the same quarter last year, the company earned $0.09 per share. The company’s quarterly revenue was up 262.1% compared to the same quarter last year. Research analysts estimate that NVIDIA Co. will post 2.53 earnings per share for the current fiscal year.

About NVIDIA

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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.

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