NVIDIA (NASDAQ:NVDA) Given New $175.00 Price Target at Barclays

NVIDIA (NASDAQ:NVDA) had its target price boosted by stock analysts at Barclays from $160.00 to $175.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the computer hardware maker’s stock. Barclays‘s price objective suggests a potential upside of 31.02% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. The Goldman Sachs Group lifted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Cantor Fitzgerald reissued an “overweight” rating and set a $175.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Raymond James upped their price objective on NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 14th. Truist Financial lifted their target price on NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Susquehanna upped their price target on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Four 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’s stock. Based on data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average target price of $164.63.

NVIDIA Trading Down 2.0 %

Shares of NASDAQ:NVDA opened at $133.57 on Friday. The stock’s 50-day simple moving average is $139.49 and its two-hundred day simple moving average is $128.87. The stock has a market capitalization of $3.27 trillion, a price-to-earnings ratio of 52.57, a PEG ratio of 2.45 and a beta of 1.64. NVIDIA has a 52-week low of $54.74 and a 52-week high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter last year, the company posted $0.38 EPS. The company’s revenue was up 93.6% compared to the same quarter last year. Analysts expect that NVIDIA will post 2.78 EPS for the current year.

Insider Buying and Selling

In other news, Director John Dabiri sold 716 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the transaction, the director now owns 19,942 shares of the company’s stock, valued at $2,831,764. The trade was a 3.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock worth $146,506,958 in the last three months. Corporate insiders own 4.23% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds have recently bought and sold shares of NVDA. Christopher J. Hasenberg Inc acquired a new stake in shares of NVIDIA in the third quarter valued at about $27,000. Quest Partners LLC purchased a new position in NVIDIA in the 2nd quarter valued at about $27,000. University of Texas Texas AM Investment Management Co. acquired a new stake in NVIDIA in the 2nd quarter worth about $31,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the 4th quarter worth approximately $34,000. Finally, West Financial Advisors LLC acquired a new position in shares of NVIDIA during the third quarter valued at approximately $36,000. 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.