NVIDIA (NASDAQ:NVDA) Price Target Increased to $1,200.00 by Analysts at Robert W. Baird

NVIDIA (NASDAQ:NVDAGet Free Report) had its price target hoisted by investment analysts at Robert W. Baird from $1,050.00 to $1,200.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the computer hardware maker’s stock. Robert W. Baird’s price objective points to a potential upside of 29.76% from the company’s previous close.

Several other analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research note on Wednesday, March 20th. Morgan Stanley lifted their price target on shares of NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Cantor Fitzgerald reissued an “overweight” rating and issued a $900.00 price objective on shares of NVIDIA in a research note on Monday, March 4th. Truist Financial boosted their target price on shares of NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Mizuho increased their price target on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $982.18.

Check Out Our Latest Analysis on NVDA

NVIDIA Stock Down 2.0 %

Shares of NASDAQ NVDA opened at $924.79 on Monday. The stock has a market capitalization of $2.27 trillion, a P/E ratio of 77.45, a PEG ratio of 1.31 and a beta of 1.75. The stock’s fifty day moving average is $882.98 and its 200 day moving average is $687.42. NVIDIA has a 52 week low of $298.06 and a 52 week high of $974.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 EPS. Sell-side analysts forecast that NVIDIA will post 22.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated 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 approximately $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,278 shares of company stock worth $52,689,898. Insiders own 4.23% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NVDA. FPC Investment Advisory Inc. purchased a new stake in NVIDIA during the first quarter worth about $26,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of NVIDIA during the 4th quarter worth approximately $28,000. Criterion Capital Advisors LLC bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $28,000. Your Advocates Ltd. LLP purchased a new position in NVIDIA in the third quarter valued at approximately $30,000. Finally, HBC Financial Services PLLC bought a new position in NVIDIA during the first quarter valued at $30,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

About NVIDIA

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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.

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