NVIDIA (NASDAQ:NVDA) PT Raised to $150.00 at Citigroup

NVIDIA (NASDAQ:NVDA) had its price target upped by equities researchers at Citigroup from $126.00 to $150.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the computer hardware maker’s stock. Citigroup’s price objective points to a potential upside of 20.98% from the stock’s current price.

NVDA has been the topic of several other reports. Wolfe Research boosted their target price on NVIDIA from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of NVIDIA from $85.00 to $100.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. Mizuho upped their target price on shares of NVIDIA from $118.00 to $127.50 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Sanford C. Bernstein raised their price target on NVIDIA from $100.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Finally, KeyCorp boosted their target price on shares of NVIDIA from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Five equities research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.80.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $123.99 on Wednesday. The firm has a market capitalization of $3.05 trillion, a PE ratio of 72.51, a price-to-earnings-growth ratio of 1.33 and a beta of 1.70. The business’s 50-day moving average price is $104.51 and its 200-day moving average price is $82.41. 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.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $26.04 billion for the quarter, compared to analysts’ expectations of $24.59 billion. During the same period last year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter was up 262.1% compared to the same quarter last year. Sell-side analysts forecast that NVIDIA will post 2.52 EPS for the current fiscal year.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 227,000 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $88.00, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now owns 10,521,330 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 227,000 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $88.00, for a total value of $19,975,319.00. Following the completion of the sale, the director now directly owns 10,521,330 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $128.74, for a total value of $15,448,800.00. Following the sale, the chief executive officer now owns 81,358,830 shares in the company, valued at approximately $10,474,135,774.20. The disclosure for this sale can be found here. Insiders sold a total of 1,746,590 shares of company stock worth $309,332,104 over the last three months. Corporate insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Several institutional investors and hedge funds have recently made changes to their positions in NVDA. FPC Investment Advisory Inc. acquired a new stake in shares of NVIDIA in the first quarter worth $26,000. Koesten Hirschmann & Crabtree INC. acquired a new position in NVIDIA in the first quarter valued at approximately $27,000. HBC Financial Services PLLC purchased a new stake in NVIDIA in the 1st quarter worth approximately $30,000. Norwood Financial Corp acquired a new stake in shares of NVIDIA during the 1st quarter worth approximately $45,000. Finally, Coston McIsaac & Partners increased its holdings in shares of NVIDIA by 231.3% during the 1st quarter. Coston McIsaac & Partners now owns 53 shares of the computer hardware maker’s stock valued at $47,000 after purchasing an additional 37 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.