Jefferies Financial Group Boosts NVIDIA (NASDAQ:NVDA) Price Target to $1,350.00

NVIDIA (NASDAQ:NVDA) had its target price increased by Jefferies Financial Group from $1,200.00 to $1,350.00 in a report released on Thursday morning, Marketbeat Ratings reports. Jefferies Financial Group currently has a buy rating on the computer hardware maker’s stock.

A number of other research analysts also recently issued reports on the company. Tigress Financial boosted their price target on NVIDIA from $790.00 to $985.00 and gave the company a buy rating in a report on Thursday, February 29th. Raymond James boosted their target price on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the company a strong-buy rating in a research note on Thursday. DA Davidson lifted their price objective on shares of NVIDIA from $410.00 to $620.00 and gave the company a neutral rating in a report on Thursday, February 22nd. Barclays increased their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock an overweight rating in a research note on Monday, May 20th. Finally, Sanford C. Bernstein lifted their price target on NVIDIA from $1,000.00 to $1,300.00 and gave the company an outperform rating in a research note on Thursday. Five 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 MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $1,123.49.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $1,064.69 on Thursday. NVIDIA has a twelve month low of $366.35 and a twelve month high of $1,064.75. The company has a current ratio of 3.53, a quick ratio of 3.67 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.62 trillion, a PE ratio of 62.26, a price-to-earnings-growth ratio of 1.48 and a beta of 1.75. The company’s 50 day moving average is $893.19 and its 200 day moving average is $706.34.

NVIDIA’s stock is scheduled to split on Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly created shares will be distributed to shareholders after the closing bell on Monday, June 10th.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.14 by $0.98. The company had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The firm’s quarterly revenue was up 262.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. On average, sell-side analysts forecast that NVIDIA will post 23.6 EPS for the current year.

NVIDIA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be paid a $0.10 dividend. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is 0.94%.

Insider Activity

In related news, Director Mark A. Stevens sold 12,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the transaction, the director now directly owns 1,107,583 shares in the company, valued at $945,366,393.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 12,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the completion of the transaction, the director now owns 1,107,583 shares of the company’s stock, valued at $945,366,393.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,278 shares of company stock valued at $40,710,498. 4.23% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NVIDIA

Institutional investors have recently modified their holdings of the company. Bogart Wealth LLC increased its stake in NVIDIA by 1,190.9% during the third quarter. Bogart Wealth LLC now owns 9,617 shares of the computer hardware maker’s stock worth $4,183,000 after purchasing an additional 8,872 shares during the period. RFP Financial Group LLC increased its stake in NVIDIA by 9.2% during the 3rd quarter. RFP Financial Group LLC now owns 1,183 shares of the computer hardware maker’s stock worth $515,000 after buying an additional 100 shares during the period. Pathway Financial Advisors LLC increased its stake in NVIDIA by 6.8% during the 3rd quarter. Pathway Financial Advisors LLC now owns 2,357 shares of the computer hardware maker’s stock worth $1,025,000 after buying an additional 150 shares during the period. Eagle Global Advisors LLC acquired a new stake in NVIDIA during the 3rd quarter worth approximately $12,621,000. Finally, PayPay Securities Corp boosted its position in NVIDIA by 24.8% in the 3rd quarter. PayPay Securities Corp now owns 176 shares of the computer hardware maker’s stock valued at $77,000 after buying an additional 35 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

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.