NVIDIA (NASDAQ:NVDA) PT Raised to $1,100.00

NVIDIA (NASDAQ:NVDA) had its price objective increased by Barclays from $850.00 to $1,100.00 in a research report sent to investors on Monday morning, Marketbeat reports. Barclays currently has an overweight rating on the computer hardware maker’s stock.

A number of other research firms have also weighed in on NVDA. Tigress Financial increased their price target on NVIDIA from $790.00 to $985.00 and gave the company a buy rating in a research report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft raised their price objective on NVIDIA from $720.00 to $850.00 and gave the stock a hold rating in a research report on Wednesday, March 20th. Benchmark restated a buy rating and set a $1,000.00 price objective on shares of NVIDIA in a research report on Wednesday, March 20th. Susquehanna raised their price objective on NVIDIA from $1,050.00 to $1,100.00 and gave the stock a positive rating in a research report on Monday. Finally, Wolfe Research raised their price objective on NVIDIA from $630.00 to $900.00 and gave the stock an outperform rating in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has an average rating of Moderate Buy and a consensus target price of $1,002.18.

NVIDIA Trading Down 0.5 %

Shares of NVDA stock opened at $949.50 on Monday. The stock has a 50-day simple moving average of $886.29 and a 200 day simple moving average of $696.36. NVIDIA has a fifty-two week low of $298.06 and a fifty-two week high of $974.00. The stock has a market capitalization of $2.34 trillion, a P/E ratio of 79.52, a P/E/G ratio of 1.33 and a beta of 1.75. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $5.14 by $0.98. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $26.04 billion during the quarter, compared to analyst estimates of $24.59 billion. During the same quarter last year, the company posted $0.88 EPS. NVIDIA’s revenue for the quarter was up 262.1% on a year-over-year basis. On average, sell-side analysts expect that NVIDIA will post 23.01 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.04%. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s dividend payout ratio is presently 1.34%.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,278 shares of company stock valued at $52,689,898. Company insiders own 4.23% of the company’s stock.

Institutional Trading of NVIDIA

Hedge funds have recently modified their holdings of the company. Baader Bank Aktiengesellschaft lifted its holdings in NVIDIA by 34.9% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 44,214 shares of the computer hardware maker’s stock valued at $21,896,000 after purchasing an additional 11,445 shares in the last quarter. Wealthspire Advisors LLC boosted its holdings in NVIDIA by 16.3% in the fourth quarter. Wealthspire Advisors LLC now owns 12,278 shares of the computer hardware maker’s stock valued at $6,080,000 after purchasing an additional 1,724 shares in the last quarter. Shared Vision Wealth Group LLC acquired a new position in NVIDIA in the fourth quarter valued at approximately $269,000. Grand Alliance Asset Management Ltd acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $29,961,000. Finally, TrueMark Investments LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $2,639,000. 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.