UBS Group Raises NVIDIA (NASDAQ:NVDA) Price Target to $150.00

NVIDIA (NASDAQ:NVDA) had its price target upped by equities research analysts at UBS Group from $120.00 to $150.00 in a note issued to investors on Monday, Marketbeat.com reports. The firm currently has a “buy” rating on the computer hardware maker’s stock. UBS Group’s price target would indicate a potential upside of 14.17% from the stock’s current price.

Several other equities analysts have also recently commented on the company. DZ Bank cut NVIDIA from a “buy” rating to a “hold” rating and set a $102.50 target price for the company. in a research note on Friday, May 24th. Cantor Fitzgerald boosted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. Argus raised their price objective on shares of NVIDIA from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Barclays decreased their target price on NVIDIA from $1,200.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, June 10th. Finally, Deutsche Bank Aktiengesellschaft upped 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. Six equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and a consensus price target of $128.29.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $131.38 on Monday. The business has a fifty day simple moving average of $112.30 and a 200-day simple moving average of $87.57. The company has a quick ratio of 3.14, a current ratio of 3.53 and a debt-to-equity ratio of 0.17. NVIDIA has a 52 week low of $39.23 and a 52 week high of $140.76. The company has a market cap of $3.23 trillion, a P/E ratio of 76.83, a P/E/G ratio of 1.33 and a beta of 1.68.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $0.61 EPS for the quarter, topping 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 business had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. During the same period in the prior year, the firm posted $0.09 EPS. The business’s revenue for the quarter was up 262.1% on a year-over-year basis. Equities research analysts forecast that NVIDIA will post 2.53 EPS for the current year.

Insider Buying and Selling

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $128.17, for a total transaction of $576,765.00. Following the completion of the sale, the insider now owns 503,878 shares in the company, valued at approximately $64,582,043.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $128.17, for a total value of $576,765.00. Following the completion of the sale, the insider now owns 503,878 shares of the company’s stock, valued at $64,582,043.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tench Coxe sold 100,000 shares of NVIDIA stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $1,194.57, for a total value of $119,457,000.00. Following the transaction, the director now owns 2,967,136 shares in the company, valued at $3,544,451,651.52. The disclosure for this sale can be found here. Insiders sold a total of 2,239,590 shares of company stock worth $379,683,185 over the last three months. 4.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Grassi Investment Management boosted its stake in shares of NVIDIA by 612.7% during the 2nd quarter. Grassi Investment Management now owns 1,670,800 shares of the computer hardware maker’s stock worth $206,411,000 after buying an additional 1,436,370 shares during the last quarter. Arden Trust Co increased its position in shares of NVIDIA by 908.2% in the second quarter. Arden Trust Co now owns 105,352 shares of the computer hardware maker’s stock valued at $13,015,000 after acquiring an additional 94,902 shares during the last quarter. Somerset Trust Co raised its holdings in NVIDIA by 599.0% during the second quarter. Somerset Trust Co now owns 6,102 shares of the computer hardware maker’s stock worth $754,000 after acquiring an additional 5,229 shares in the last quarter. Park Avenue Securities LLC boosted its position in NVIDIA by 954.8% during the second quarter. Park Avenue Securities LLC now owns 764,407 shares of the computer hardware maker’s stock valued at $94,435,000 after purchasing an additional 691,938 shares during the last quarter. Finally, Naples Money Management LLC grew its stake in NVIDIA by 2,211.7% in the second quarter. Naples Money Management LLC now owns 105,020 shares of the computer hardware maker’s stock valued at $13,054,000 after purchasing an additional 100,477 shares in the last quarter. 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.