NVIDIA (NASDAQ:NVDA) Price Target Increased to $1,300.00 by Analysts at KeyCorp

NVIDIA (NASDAQ:NVDA) had its target price boosted by KeyCorp from $1,200.00 to $1,300.00 in a research note issued on Thursday, MarketBeat.com reports. The firm presently has an “overweight” rating on the computer hardware maker’s stock. KeyCorp’s price target suggests a potential upside of 22.10% from the stock’s previous close.

NVDA has been the topic of a number of other reports. Wedbush restated an “outperform” rating and set a $1,000.00 target price on shares of NVIDIA in a research report on Thursday, May 16th. Mizuho raised their price target on shares of NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Loop Capital assumed coverage on shares of NVIDIA in a research note on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price target on the stock. Stifel Nicolaus raised their price target on shares of NVIDIA from $910.00 to $1,085.00 and gave the company a “buy” rating in a research note on Monday, May 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Five equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $1,123.49.

NVIDIA Stock Performance

Shares of NVDA stock opened at $1,064.69 on Thursday. The firm has a market capitalization of $2.62 trillion, a price-to-earnings ratio of 62.26, a price-to-earnings-growth ratio of 1.32 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The business has a fifty day moving average of $893.19 and a 200 day moving average of $702.95. NVIDIA has a 1 year low of $366.35 and a 1 year high of $1,064.75.

Shares of NVIDIA are scheduled to split on Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly minted shares will be issued to shareholders after the closing bell on Monday, June 10th.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.14 by $0.98. The company had revenue of $26.04 billion during the quarter, compared to analyst estimates of $24.59 billion. NVIDIA had a return on equity of 122.24% and a net margin of 53.40%. The firm’s quarterly revenue was up 262.1% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. As a group, research analysts expect that NVIDIA will post 23.18 earnings per share for the current year.

Insider Activity

In related news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the sale, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mark A. Stevens sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the sale, the director now directly owns 1,107,583 shares in the company, valued at $945,366,393.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,278 shares of company stock valued at $44,714,198. 4.23% of the stock is owned by company insiders.

Institutional Trading of NVIDIA

Institutional investors have recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. bought a new position in shares of NVIDIA during the 1st quarter worth approximately $26,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of NVIDIA during the 1st quarter worth approximately $27,000. LFA Lugano Financial Advisors SA bought a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Criterion Capital Advisors LLC bought a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Finally, Your Advocates Ltd. LLP bought a new position in shares of NVIDIA during the 3rd quarter worth approximately $30,000. 65.27% of the stock is currently owned by institutional investors.

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.