Loop Capital Increases NVIDIA (NASDAQ:NVDA) Price Target to $250.00

NVIDIA (NASDAQ:NVDA) had its price objective raised by research analysts at Loop Capital from $175.00 to $250.00 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the computer hardware maker’s stock. Loop Capital’s price target suggests a potential upside of 61.27% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Seaport Res Ptn raised NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. DA Davidson lifted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Thursday, May 29th. TD Cowen upped their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. Finally, Bank of America boosted their price objective on NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.78.

NVIDIA Price Performance

NASDAQ NVDA opened at $155.02 on Wednesday. The stock has a 50-day simple moving average of $129.83 and a 200 day simple moving average of $126.89. NVIDIA has a twelve month low of $86.62 and a twelve month high of $156.72. The stock has a market capitalization of $3.78 trillion, a PE ratio of 50.01, a P/E/G ratio of 1.36 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the firm posted $0.61 EPS. The company’s revenue was up 69.2% compared to the same quarter last year. Research analysts anticipate that NVIDIA will post 2.77 EPS for the current year.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the sale, the chief executive officer now directly owns 75,548,225 shares of the company’s stock, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert K. Burgess sold 50,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the transaction, the director now owns 201,044 shares of the company’s stock, valued at approximately $27,104,752.08. This represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,468,863 shares of company stock valued at $495,150,332. 4.17% of the stock is owned by insiders.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hickory Point Bank & Trust bought a new position in shares of NVIDIA in the fourth quarter valued at $2,272,000. BTC Capital Management Inc. lifted its stake in NVIDIA by 2.3% in the first quarter. BTC Capital Management Inc. now owns 330,176 shares of the computer hardware maker’s stock valued at $35,785,000 after acquiring an additional 7,476 shares during the last quarter. Capital Performance Advisors LLP grew its position in shares of NVIDIA by 59.3% in the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock valued at $3,586,000 after acquiring an additional 9,944 shares during the period. Waddell & Associates LLC increased its stake in shares of NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker’s stock worth $3,240,000 after purchasing an additional 297 shares during the last quarter. Finally, Strategy Asset Managers LLC increased its stake in shares of NVIDIA by 0.8% during the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker’s stock worth $7,024,000 after purchasing an additional 405 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

About NVIDIA

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.