NVIDIA (NASDAQ:NVDA) Given New $144.00 Price Target at Morgan Stanley

NVIDIA (NASDAQ:NVDA) had its price target lifted by analysts at Morgan Stanley from $116.00 to $144.00 in a report issued on Monday, MarketBeat reports. The firm currently has an “overweight” rating on the computer hardware maker’s stock. Morgan Stanley’s price objective indicates a potential upside of 17.39% from the company’s current price.

A number of other research analysts also recently weighed in on NVDA. Melius Research raised their price target on NVIDIA from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, June 21st. StockNews.com downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Evercore ISI raised their price objective on NVIDIA from $131.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, June 11th. Wells Fargo & Company raised their price objective on NVIDIA from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, June 18th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of NVIDIA in a research report on Thursday, May 23rd. Five investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.34.

NVIDIA Stock Down 1.3 %

NASDAQ:NVDA opened at $122.67 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.14 and a current ratio of 3.53. The stock has a 50-day simple moving average of $107.14 and a 200 day simple moving average of $84.26. The company has a market cap of $3.02 trillion, a PE ratio of 71.53, a PEG ratio of 1.30 and a beta of 1.68. NVIDIA has a 52-week low of $39.23 and a 52-week high of $140.76.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The firm had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The business’s revenue was up 262.1% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. On average, sell-side analysts expect that NVIDIA will post 2.53 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $128.17, for a total transaction of $576,765.00. Following 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 Securities & Exchange Commission, which is available at this hyperlink. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $128.17, for a total value of $576,765.00. Following the sale, the insider now owns 503,878 shares in the company, valued at approximately $64,582,043.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Debora Shoquist sold 150,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $115.16, for a total value of $17,273,850.00. Following the completion of the sale, the executive vice president now owns 1,553,630 shares in the company, valued at approximately $178,914,477.17. The disclosure for this sale can be found here. Insiders have sold 2,106,590 shares of company stock worth $354,056,104 in the last 90 days. Insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Several institutional investors and hedge funds have recently made changes to their positions in NVDA. Alberta Investment Management Corp boosted its holdings in NVIDIA by 21.0% in the third quarter. Alberta Investment Management Corp now owns 176,282 shares of the computer hardware maker’s stock worth $76,681,000 after acquiring an additional 30,600 shares in the last quarter. Albar Capital Ltd boosted its holdings in NVIDIA by 11.0% in the third quarter. Albar Capital Ltd now owns 116,297 shares of the computer hardware maker’s stock worth $50,588,000 after acquiring an additional 11,500 shares in the last quarter. Advanced Portfolio Management LLC bought a new position in NVIDIA in the third quarter worth approximately $1,619,000. Absoluto Partners Gestao de Recursos Ltda bought a new position in NVIDIA in the third quarter worth approximately $593,000. Finally, Axxcess Wealth Management LLC boosted its holdings in NVIDIA by 63.4% in the third quarter. Axxcess Wealth Management LLC now owns 45,021 shares of the computer hardware maker’s stock worth $19,584,000 after acquiring an additional 17,466 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.