Truist Financial Boosts NVIDIA (NASDAQ:NVDA) Price Target to $287.00

NVIDIA (NASDAQ:NVDAGet Free Report) had its price target lifted by equities research analysts at Truist Financial from $283.00 to $287.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the computer hardware maker’s stock. Truist Financial’s target price suggests a potential upside of 60.51% from the stock’s current price.

A number of other equities research analysts have also commented on the company. DZ Bank reissued a “buy” rating on shares of NVIDIA in a research report on Thursday, November 20th. Evercore reaffirmed an “outperform” rating on shares of NVIDIA in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of NVIDIA from $180.00 to $215.00 and gave the stock a “hold” rating in a research note on Thursday, November 20th. TD Cowen reissued a “buy” rating and set a $235.00 price target on shares of NVIDIA in a research report on Tuesday. Finally, The Goldman Sachs Group set a $250.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a report on Wednesday, February 25th. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Buy” and an average price target of $275.40.

View Our Latest Stock Analysis on NVDA

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $178.81 on Wednesday. The stock has a market cap of $4.34 trillion, a price-to-earnings ratio of 36.49, a PEG ratio of 0.61 and a beta of 2.33. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91. NVIDIA has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The firm’s 50-day simple moving average is $184.84 and its 200 day simple moving average is $184.12.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, topping the consensus estimate of $1.54 by $0.08. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The firm had revenue of $68.13 billion during the quarter, compared to the consensus estimate of $65.56 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The company’s quarterly revenue was up 73.2% compared to the same quarter last year. As a group, research analysts anticipate that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 3,004 shares of NVIDIA stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $184.90, for a total value of $555,439.60. Following the sale, the director owned 14,788 shares of the company’s stock, valued at approximately $2,734,301.20. The trade was a 16.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $175.72, for a total transaction of $3,514,400.00. Following the completion of the transaction, the chief financial officer owned 93,060 shares in the company, valued at approximately $16,352,503.20. The trade was a 17.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 798,284 shares of company stock worth $146,064,329. Insiders own 4.17% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Several institutional investors and hedge funds have recently bought and sold shares of NVDA. Center for Financial Planning Inc. boosted its holdings in NVIDIA by 4.6% in the second quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock valued at $1,332,000 after acquiring an additional 367 shares during the last quarter. Atria Investments Inc increased its stake in NVIDIA by 3.2% during the second quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock worth $148,859,000 after acquiring an additional 29,479 shares during the last quarter. Svenska Handelsbanken AB publ purchased a new position in shares of NVIDIA in the 3rd quarter worth about $37,316,000. Oak Ridge Investments LLC raised its holdings in shares of NVIDIA by 2.2% in the 3rd quarter. Oak Ridge Investments LLC now owns 970,860 shares of the computer hardware maker’s stock worth $181,143,000 after purchasing an additional 20,559 shares during the period. Finally, Whalen Wealth Management Inc. lifted its stake in shares of NVIDIA by 20.3% in the 3rd quarter. Whalen Wealth Management Inc. now owns 36,490 shares of the computer hardware maker’s stock valued at $6,808,000 after purchasing an additional 6,162 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

NVIDIA Company Profile

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NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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