NVIDIA (NASDAQ:NVDA) Given New $145.00 Price Target at HSBC

NVIDIA (NASDAQ:NVDA) had its target price upped by HSBC from $135.00 to $145.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the computer hardware maker’s stock. HSBC’s price target suggests a potential upside of 13.74% from the stock’s previous close.

A number of other equities research analysts have also commented on NVDA. Melius Research upped their price objective on shares of NVIDIA from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Sanford C. Bernstein increased their price target on NVIDIA from $100.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Morgan Stanley increased their price target on NVIDIA from $116.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, July 1st. New Street Research upgraded shares of NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Tuesday, August 6th. Finally, Piper Sandler increased their target price on shares of NVIDIA from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Five equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $131.55.

NVIDIA Trading Up 0.2 %

NASDAQ:NVDA traded up $0.23 during mid-day trading on Wednesday, hitting $127.48. 129,463,138 shares of the company’s stock were exchanged, compared to its average volume of 446,606,969. 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 fifty-two week low of $39.23 and a fifty-two week high of $140.76. The company has a 50 day simple moving average of $121.05 and a 200-day simple moving average of $100.52. The firm has a market capitalization of $3.14 trillion, a P/E ratio of 74.75, a PEG ratio of 1.15 and a beta of 1.68.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 EPS for the quarter, topping the consensus estimate of $0.51 by $0.10. The firm had revenue of $26.04 billion for 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 business’s quarterly revenue was up 262.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS. As a group, research analysts expect that NVIDIA will post 2.53 earnings per share for the current year.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $1,194.57, for a total value of $119,457,000.00. Following the completion of the sale, the director now owns 2,967,136 shares of the company’s stock, valued at $3,544,451,651.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Tench Coxe sold 100,000 shares of the stock in a transaction dated Friday, June 7th. The stock was 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 approximately $3,544,451,651.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $135.87, for a total value of $16,304,400.00. Following the sale, the chief executive officer now directly owns 80,814,995 shares of the company’s stock, valued at approximately $10,980,333,370.65. The disclosure for this sale can be found here. Insiders have sold a total of 4,320,723 shares of company stock valued at $631,994,141 over the last 90 days. 4.23% of the stock is owned by insiders.

Institutional Trading of NVIDIA

A number of institutional investors have recently modified their holdings of NVDA. Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the 2nd quarter valued at $25,000. DHJJ Financial Advisors Ltd. boosted its position in NVIDIA by 1,900.0% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 200 shares of the computer hardware maker’s stock valued at $25,000 after acquiring an additional 190 shares in the last quarter. FPC Investment Advisory Inc. purchased a new position in shares of NVIDIA during the 1st quarter worth approximately $26,000. CGC Financial Services LLC bought a new position in shares of NVIDIA in the 2nd quarter worth approximately $26,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new position in shares of NVIDIA in the 1st quarter valued at approximately $27,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

About NVIDIA

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.