Morgan Stanley Boosts NVIDIA (NASDAQ:NVDA) Price Target to $144.00

NVIDIA (NASDAQ:NVDA) had its price objective increased by Morgan Stanley from $116.00 to $144.00 in a research report report published on Monday, MarketBeat.com reports. The brokerage currently has an overweight rating on the computer hardware maker’s stock.

Other analysts also recently issued research reports about the stock. Wolfe Research lifted their price target on shares of NVIDIA from $120.00 to $125.00 and gave the company an outperform rating in a research report on Thursday, May 23rd. The Goldman Sachs Group lifted their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a buy rating in a report on Tuesday, June 11th. Robert W. Baird boosted their target price on shares of NVIDIA from $105.00 to $120.00 and gave the stock an outperform rating in a research report on Monday, May 20th. TD Cowen lifted their price objective on shares of NVIDIA from $120.00 to $140.00 and gave the stock a buy rating in a research report on Monday, June 10th. Finally, UBS Group lifted their price target on shares of NVIDIA from $115.00 to $120.00 and gave the stock a buy rating in a report on Thursday, May 23rd. Five investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA currently has an average rating of Moderate Buy and a consensus price target of $126.34.

NVIDIA Trading Up 4.6 %

NVDA opened at $128.28 on Monday. The company has a market cap of $3.16 trillion, a P/E ratio of 73.30, a price-to-earnings-growth ratio of 1.30 and a beta of 1.68. The company has a fifty day moving average price of $107.95 and a two-hundred day moving average price of $84.78. 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 1-year low of $39.23 and a 1-year high of $140.76.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The business 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%. The firm’s revenue was up 262.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. Analysts predict that NVIDIA will post 2.53 EPS for the current fiscal year.

NVIDIA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th were issued a $0.10 dividend. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Tuesday, June 11th. NVIDIA’s dividend payout ratio is presently 2.34%.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 81,358,830 shares of the company’s stock, valued at approximately $10,474,135,774.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 81,358,830 shares of the company’s stock, valued at approximately $10,474,135,774.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 227,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $88.00, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now owns 10,521,330 shares in the company, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,106,590 shares of company stock valued at $354,056,104. Corporate insiders own 4.23% of the company’s stock.

Institutional Trading of NVIDIA

A number of institutional investors have recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in shares of NVIDIA in the 1st quarter worth approximately $26,000. Koesten Hirschmann & Crabtree INC. bought a new stake in NVIDIA in the first quarter valued at $27,000. LFA Lugano Financial Advisors SA purchased a new position in NVIDIA during the 4th quarter valued at $28,000. Criterion Capital Advisors LLC bought a new position in NVIDIA in the 4th quarter worth $28,000. Finally, HBC Financial Services PLLC purchased a new stake in shares of NVIDIA in the 1st quarter worth about $30,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

About NVIDIA

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.