NVIDIA (NASDAQ:NVDA) Price Target Raised to $155.00

NVIDIA (NASDAQ:NVDAFree Report) had its target price increased by Wells Fargo & Company from $125.00 to $155.00 in a research note published on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the computer hardware maker’s stock.

A number of other research analysts have also recently weighed in on NVDA. Citigroup lifted their price objective on NVIDIA from $103.00 to $126.00 and gave the company a buy rating in a research report on Thursday, May 23rd. Evercore ISI lifted their price target on shares of NVIDIA from $131.00 to $145.00 and gave the company an outperform rating in a report on Tuesday, June 11th. StockNews.com cut shares of NVIDIA from a strong-buy rating to a hold rating in a research note on Tuesday. Craig Hallum lifted their target price on shares of NVIDIA from $85.00 to $125.00 and gave the company a buy rating in a research note on Thursday, May 23rd. Finally, Jefferies Financial Group increased their price target on NVIDIA from $120.00 to $135.00 and gave the stock a buy rating in a research note on Thursday, May 23rd. Five analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $120.84.

View Our Latest Report on NVDA

NVIDIA Stock Down 3.5 %

Shares of NVDA stock opened at $130.78 on Tuesday. The company has a current ratio of 3.53, a quick ratio of 3.14 and a debt-to-equity ratio of 0.17. NVIDIA has a 12 month low of $39.23 and a 12 month high of $140.76. The stock has a market cap of $3.22 trillion, a P/E ratio of 76.48, a P/E/G ratio of 1.43 and a beta of 1.70. The company has a 50 day simple moving average of $101.48 and a two-hundred day simple moving average of $79.99.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $0.61 EPS for the quarter, topping the consensus estimate of $0.51 by $0.10. The firm had revenue of $26.04 billion during the quarter, compared to analyst estimates of $24.59 billion. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. NVIDIA’s revenue was up 262.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. On average, research analysts expect that NVIDIA will post 2.52 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date is Tuesday, June 11th. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s dividend payout ratio is 2.34%.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $128.74, for a total value of $15,448,800.00. Following the transaction, the chief executive officer now directly owns 81,358,830 shares in the company, valued at $10,474,135,774.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other NVIDIA news, Director John Dabiri sold 1,280 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $94.00, for a total transaction of $120,320.00. Following the transaction, the director now directly owns 20,550 shares in the company, valued at approximately $1,931,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $128.74, for a total value of $15,448,800.00. Following the completion of the sale, the chief executive officer now owns 81,358,830 shares of the company’s stock, valued at $10,474,135,774.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,413,370 shares of company stock worth $263,248,609. 4.23% of the stock is currently owned by insiders.

Institutional Trading of NVIDIA

Several institutional investors and hedge funds have recently made changes to their positions in NVDA. Hamilton Wealth LLC increased its holdings in shares of NVIDIA by 0.3% in the 1st quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker’s stock valued at $2,839,000 after acquiring an additional 9 shares during the period. Brooklyn FI LLC increased its stake in NVIDIA by 2.5% in the first quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker’s stock valued at $442,000 after purchasing an additional 12 shares during the period. Curran Financial Partners LLC raised its holdings in shares of NVIDIA by 1.8% in the first quarter. Curran Financial Partners LLC now owns 691 shares of the computer hardware maker’s stock valued at $625,000 after buying an additional 12 shares during the last quarter. Beacon Bridge Wealth Partners LLC boosted its stake in shares of NVIDIA by 2.6% during the first quarter. Beacon Bridge Wealth Partners LLC now owns 473 shares of the computer hardware maker’s stock worth $428,000 after buying an additional 12 shares during the period. Finally, M. Kraus & Co grew its holdings in shares of NVIDIA by 2.0% during the first quarter. M. Kraus & Co now owns 657 shares of the computer hardware maker’s stock worth $594,000 after buying an additional 13 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

About NVIDIA

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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.

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