NVIDIA (NASDAQ:NVDA) Stock Price Expected to Rise, Barclays Analyst Says

NVIDIA (NASDAQ:NVDA) had its price target lifted by Barclays from $160.00 to $175.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the computer hardware maker’s stock. Barclays‘s target price would indicate a potential upside of 27.08% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the company. Oppenheimer reiterated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Susquehanna boosted their target price on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Phillip Securities restated an “accumulate” rating and issued a $160.00 price target (up previously from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Finally, Mizuho raised their target price on shares of NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $164.63.

NVIDIA Stock Up 3.1 %

NVDA opened at $137.71 on Friday. The stock has a market capitalization of $3.37 trillion, a price-to-earnings ratio of 54.20, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64. NVIDIA has a 12 month low of $56.11 and a 12 month high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The business has a 50-day moving average of $138.99 and a two-hundred day moving average of $129.00.

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

Insider Transactions at NVIDIA

In other NVIDIA news, Director John Dabiri sold 716 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last three months. 4.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

Hedge funds have recently bought and sold shares of the business. FCG Investment Co grew its stake in NVIDIA by 7.0% during the 4th quarter. FCG Investment Co now owns 69,862 shares of the computer hardware maker’s stock valued at $9,382,000 after acquiring an additional 4,565 shares in the last quarter. Key Client Fiduciary Advisors LLC increased its position in NVIDIA by 2.6% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 39,425 shares of the computer hardware maker’s stock worth $5,294,000 after buying an additional 1,016 shares during the period. Apeiron RIA LLC raised its stake in NVIDIA by 10.3% during the 4th quarter. Apeiron RIA LLC now owns 15,605 shares of the computer hardware maker’s stock valued at $2,096,000 after purchasing an additional 1,451 shares during the last quarter. Verde Capital Management raised its position in shares of NVIDIA by 3.6% during the fourth quarter. Verde Capital Management now owns 53,041 shares of the computer hardware maker’s stock valued at $7,123,000 after buying an additional 1,853 shares during the last quarter. Finally, Seros Financial LLC bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $1,831,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

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.