NVIDIA (NASDAQ:NVDA) Price Target Raised to $275.00 at Truist Financial

NVIDIA (NASDAQ:NVDA) had its price objective lifted by analysts at Truist Financial from $255.00 to $275.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the computer hardware maker’s stock. Truist Financial’s price target indicates a potential upside of 57.92% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Mizuho increased their price target on NVIDIA from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. President Capital increased their price objective on shares of NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 28th. JPMorgan Chase & Co. lifted their target price on shares of NVIDIA from $215.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Wells Fargo & Company restated an “overweight” rating and set a $265.00 price target (up previously from $220.00) on shares of NVIDIA in a research note on Friday, November 14th. Finally, Raymond James Financial set a $272.00 price target on shares of NVIDIA and gave the stock a “strong-buy” rating in a report on Thursday, November 20th. Five analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $262.14.

NVIDIA Trading Up 1.9%

NASDAQ:NVDA opened at $174.14 on Friday. The stock has a market capitalization of $4.23 trillion, a price-to-earnings ratio of 43.21, a PEG ratio of 0.84 and a beta of 2.29. NVIDIA has a 52 week low of $86.62 and a 52 week high of $212.19. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $185.63 and a 200 day moving average of $174.62.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. During the same period in the prior year, the firm posted $0.81 earnings per share. The business’s quarterly revenue was up 62.5% on a year-over-year basis. As a group, sell-side analysts anticipate that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Debora Shoquist sold 80,000 shares of NVIDIA stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $184.65, for a total transaction of $14,772,000.00. Following the completion of the transaction, the executive vice president owned 1,574,443 shares in the company, valued at approximately $290,720,899.95. This trade represents a 4.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $181.01, for a total value of $13,575,750.00. Following the completion of the sale, the chief executive officer owned 70,258,203 shares in the company, valued at $12,717,437,325.03. The trade was a 0.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 2,163,974 shares of company stock valued at $396,087,917. Company insiders own 4.17% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NVDA. Harbor Asset Planning Inc. purchased a new stake in shares of NVIDIA during the 2nd quarter worth about $28,000. Winnow Wealth LLC acquired a new position in NVIDIA in the 2nd quarter worth about $32,000. Longfellow Investment Management Co. LLC boosted its position in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA during the second quarter worth approximately $40,000. Finally, Sellwood Investment Partners LLC acquired a new stake in NVIDIA in the third quarter valued at approximately $50,000. 65.27% of the stock is 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.