NVIDIA (NASDAQ:NVDA) Price Target Raised to $155.00 at Wells Fargo & Company

NVIDIA (NASDAQ:NVDA) had its price target lifted by analysts at Wells Fargo & Company from $125.00 to $155.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the computer hardware maker’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 16.49% from the company’s previous close.

NVDA has been the topic of several other research reports. Raymond James boosted their price objective on NVIDIA from $110.00 to $120.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 23rd. Needham & Company LLC boosted their price objective on NVIDIA from $85.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Wedbush boosted their price objective on NVIDIA from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Barclays cut their price objective on NVIDIA from $1,200.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, June 10th. Finally, Benchmark boosted their target price on NVIDIA from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Five research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $119.09.

NVIDIA Stock Up 1.6 %

NVIDIA stock traded up $2.08 during trading on Tuesday, hitting $133.06. 78,260,297 shares of the company were exchanged, compared to its average volume of 486,117,531. The business’s 50 day moving average is $98.70 and its 200 day moving average is $78.62. NVIDIA has a 52 week low of $39.23 and a 52 week high of $133.73. The company has a market capitalization of $3.27 trillion, a P/E ratio of 77.81, a PEG ratio of 1.39 and a beta of 1.69. 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 (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.10. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The business had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. During the same quarter in the prior year, the company posted $0.09 earnings per share. NVIDIA’s revenue was up 262.1% compared to the same quarter last year. Analysts predict that NVIDIA will post 2.52 earnings per share for the current year.

Insider Activity

In other news, Director John Dabiri sold 1,280 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $94.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 20,550 shares of the company’s stock, valued at approximately $1,931,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, Director John Dabiri sold 1,280 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $94.00, for a total transaction of $120,320.00. Following the completion of the sale, the director now owns 20,550 shares of the company’s stock, valued at approximately $1,931,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tench Coxe sold 100,000 shares of the stock in a transaction on 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 sale, 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. In the last 90 days, insiders sold 1,417,870 shares of company stock valued at $263,658,838. Corporate insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Several institutional investors have recently added to or reduced their stakes in NVDA. FPC Investment Advisory Inc. purchased a new stake in NVIDIA during the 1st quarter valued at $26,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of NVIDIA in the 1st quarter worth about $27,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of NVIDIA in the 4th quarter worth about $28,000. Criterion Capital Advisors LLC purchased a new stake in shares of NVIDIA in the 4th quarter worth about $28,000. Finally, HBC Financial Services PLLC purchased a new stake in shares of NVIDIA in the 1st quarter worth about $30,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute 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 workstation graphics; 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.