NVIDIA (NASDAQ:NVDA) PT Raised to $160.00

NVIDIA (NASDAQ:NVDA) had its price objective increased by Melius Research from $125.00 to $160.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a buy rating on the computer hardware maker’s stock.

Other research analysts have also issued reports about the company. KeyCorp upped their target price on NVIDIA from $120.00 to $130.00 and gave the company an overweight rating in a research note on Thursday, May 23rd. Stifel Nicolaus increased their price objective on NVIDIA from $91.00 to $108.50 and gave the stock a buy rating in a research note on Monday, May 20th. Robert W. Baird increased their price objective on NVIDIA from $105.00 to $120.00 and gave the stock an outperform rating in a research note on Monday, May 20th. Sanford C. Bernstein increased their price objective on NVIDIA from $100.00 to $130.00 and gave the stock an outperform rating in a research note on Thursday, May 23rd. Finally, Barclays dropped their price objective on NVIDIA from $1,200.00 to $145.00 and set an overweight rating for the company in a research note on Monday, June 10th. Five analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $121.77.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $126.57 on Friday. The business has a fifty day simple moving average of $102.25 and a 200 day simple moving average of $81.04. The company has a current ratio of 3.53, a quick ratio of 3.14 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.11 trillion, a price-to-earnings ratio of 74.02, a PEG ratio of 1.38 and a beta of 1.70. NVIDIA has a one year low of $39.23 and a one 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%. NVIDIA’s revenue was up 262.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. Sell-side analysts expect that NVIDIA will post 2.52 EPS for the current year.

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s dividend payout ratio (DPR) is 2.34%.

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 100,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $1,194.57, for a total transaction of $119,457,000.00. Following the sale, the director now owns 2,967,136 shares of the company’s stock, valued at $3,544,451,651.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Tench Coxe sold 100,000 shares of NVIDIA stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $1,194.57, for a total value of $119,457,000.00. Following the sale, the director now owns 2,967,136 shares of the company’s stock, valued at approximately $3,544,451,651.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction that occurred 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 directly owns 81,358,830 shares in the company, valued at approximately $10,474,135,774.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,412,090 shares of company stock valued at $263,128,289 over the last 90 days. 4.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On NVIDIA

Hedge funds and other institutional investors have recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new position in shares of NVIDIA during the 1st quarter worth approximately $26,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of NVIDIA during the 1st quarter worth approximately $27,000. LFA Lugano Financial Advisors SA acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Criterion Capital Advisors LLC acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Finally, HBC Financial Services PLLC acquired a new position in shares of NVIDIA during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

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.