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

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price objective hoisted by equities researchers at Morgan Stanley from $170.00 to $200.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the computer hardware maker's stock. Morgan Stanley's target price suggests a potential upside of 13.95% from the company's current price.

• NVIDIA: A Major Indicator Just Flashed Sell, But Should You?

A number of other research analysts have also recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Needham & Company LLC lifted their price target on shares of NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Oppenheimer raised their price objective on shares of NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $182.03.

Read Our Latest Stock Analysis on NVIDIA

NVIDIA Trading Down 0.7%

• Why Billions Are Flowing into IBIT, BlackRock's Bitcoin ETF

Shares of NVDA opened at $175.51 on Wednesday. The stock has a market capitalization of $4.28 trillion, a P/E ratio of 56.62, a PEG ratio of 1.56 and a beta of 2.13. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $152.60 and a two-hundred day simple moving average of $131.39. NVIDIA has a twelve month low of $86.62 and a twelve month high of $179.38.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The company's revenue for the quarter was up 69.2% on a year-over-year basis. On average, research analysts anticipate that NVIDIA will post 2.77 EPS for the current year.

Insider Buying and Selling

• A New Data Center Overhaul Could Push Super Micro Computer Higher

In other NVIDIA news, Director A Brooke Seawell sold 48,792 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the completion of the sale, the director directly owned 1,729,478 shares of the company's stock, valued at approximately $283,565,212.88. This represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $175.22, for a total transaction of $13,141,500.00. Following the sale, the chief executive officer directly owned 73,898,225 shares of the company's stock, valued at approximately $12,948,446,984.50. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,264,800 shares of company stock valued at $786,735,503 over the last three months. 4.17% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVIDIA

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC increased its holdings in NVIDIA by 267,959.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after buying an additional 382,231,120 shares during the period. Norges Bank acquired a new position in NVIDIA in the 4th quarter worth approximately $43,515,504,000. Nuveen LLC acquired a new position in NVIDIA in the 1st quarter worth approximately $15,089,414,000. Goldman Sachs Group Inc. increased its holdings in NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after buying an additional 103,889,872 shares during the period. Finally, GAMMA Investing LLC increased its holdings in NVIDIA by 12,173.2% in the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after buying an additional 48,439,859 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Articles

• Five stocks we like better than NVIDIA
• Stock Market Holidays 2022-2025 - Here’s When the NYSE and NASDAQ Will be Closed
• ChargePoint Recalibrates: What’s Really Under the Hood
• Find and Profitably Trade Stocks at 52-Week Lows
• Should Investors Lock Arms With Buffett and Dive Into POOL Stock?
• What Do S&P 500 Stocks Tell Investors About the Market?
• Big 3 Telecom Wars: 2 Solid Showings, 1 Huge Winner in Q2

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in NVIDIA Right Now?

Before you consider NVIDIA, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.

While NVIDIA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here