Fintel reports Truist Securities maintained coverage of NVIDIA with a Buy recommendation on May 25, 2023. Analysts forecast a 3.51% downside with an average one-year price target of 294.65, ranging from 191.90 to 413.70. NVIDIA’s projected annual revenue is 30,001MM, an 11.22% increase, with a non-GAAP EPS of 4.40.

Institutional ownership of NVIDIA shows 4850 funds or institutions reporting positions, up 7.68% in the last quarter. Average portfolio weight is 1.36%, a 47.11% increase. Total institutional shares decreased by 0.14% to 1,781,260K shares. The put/call ratio indicates a bearish outlook at 1.08.

Top shareholders include Vanguard Index Funds, increasing their ownership in NVIDIA. Vanguard Total Stock Market Index Fund Investor Shares holds 71,043K shares, up 0.27%, with a 2.87% ownership. Vanguard 500 Index Fund Investor Shares holds 57,562K shares, up 1.39%, with a 2.33% ownership. Price T Rowe Associates holds 56,464K shares, down 0.87%, with a 2.28% ownership. Geode Capital Management holds 46,056K shares, up 0.58%, with a 1.86% ownership. Invesco Qqq Trust, Series 1 holds 32,817K shares, up 5.49%, with a 1.33% ownership.

NVIDIA is a leader in GPU-accelerated computing, catering to gaming, visualization, data center, and automotive markets. Its products are favored by gamers, designers, and scientists. NVIDIA’s work is at the forefront of technology mega-trends. Key filings for the company are available on Fintel.

Read more at Nasdaq: Truist Securities Maintains NVIDIA (NVDA) Buy Recommendation