NVIDIA (NASDAQ:NVDA) Price Target Increased to $1,085.00 by Analysts at Stifel Nicolaus

NVIDIA (NASDAQ:NVDA) had its price target lifted by Stifel Nicolaus from $910.00 to $1,085.00 in a report issued on Monday, Marketbeat reports. The firm currently has a buy rating on the computer hardware maker’s stock.

Other equities analysts also recently issued research reports about the company. Piper Sandler Companies raised their target price on NVIDIA to $850.00 and gave the company an overweight rating in a research report on Friday, February 16th. Rosenblatt Securities reiterated a buy rating and set a $1,100.00 price objective on shares of NVIDIA in a research report on Tuesday, February 20th. Citigroup lifted their price objective on NVIDIA from $820.00 to $1,030.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. Tigress Financial lifted their price objective on NVIDIA from $790.00 to $985.00 and gave the stock a buy rating in a research report on Thursday, February 29th. Finally, Cantor Fitzgerald reiterated an overweight rating and set a $900.00 price objective on shares of NVIDIA in a research report on Monday, March 4th. Four equities research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $1,125.95.

NVIDIA Stock Performance

Shares of NVDA stock opened at $1,037.99 on Monday. The company has a market capitalization of $2.55 trillion, a P/E ratio of 86.93, a P/E/G ratio of 1.33 and a beta of 1.75. The business’s 50 day moving average is $889.46 and its two-hundred day moving average is $698.74. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA has a 12-month low of $298.06 and a 12-month high of $1,063.20.

NVIDIA shares are set to split before the market opens on Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly minted shares will be distributed to shareholders after the closing bell on Monday, June 10th.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share for the quarter, beating the consensus estimate of $5.14 by $0.98. The business had revenue of $26.04 billion for the quarter, compared to the consensus estimate of $24.59 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s quarterly revenue was up 262.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. Analysts expect that NVIDIA will post 23.18 EPS for the current fiscal year.

NVIDIA Increases Dividend

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

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $905.65, for a total value of $9,962,150.00. Following the completion of the sale, the director now directly owns 1,074,833 shares in the company, valued at approximately $973,422,506.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,278 shares of company stock valued at $44,714,198. 4.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of NVIDIA by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 213,335,626 shares of the computer hardware maker’s stock worth $192,761,538,000 after purchasing an additional 8,828,050 shares during the period. Norges Bank purchased a new position in shares of NVIDIA during the 4th quarter worth $14,606,369,000. Northern Trust Corp raised its position in shares of NVIDIA by 3.6% in the 3rd quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock worth $11,445,211,000 after buying an additional 910,009 shares during the period. International Assets Investment Management LLC raised its position in shares of NVIDIA by 54,019.5% in the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after buying an additional 16,835,703 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of NVIDIA by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,586,595 shares of the computer hardware maker’s stock worth $6,728,354,000 after buying an additional 388,851 shares during the period. Hedge funds and other 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.