Jefferies Financial Group Raises NVIDIA (NASDAQ:NVDA) Price Target to $150.00

NVIDIA (NASDAQ:NVDA) had its price objective lifted by Jefferies Financial Group from $135.00 to $150.00 in a report published on Monday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the computer hardware maker’s stock.

Several other equities analysts have also recently weighed in on the stock. Mizuho raised their target price on shares of NVIDIA from $118.00 to $127.50 and gave the company a buy rating in a research note on Tuesday, June 4th. UBS Group lifted their price objective on shares of NVIDIA from $115.00 to $120.00 and gave the stock a buy rating in a research report on Thursday, May 23rd. CICC Research assumed coverage on shares of NVIDIA in a research report on Wednesday, March 6th. They set an outperform rating and a $87.00 price objective for the company. Needham & Company LLC lifted their price objective on shares of NVIDIA from $85.00 to $120.00 and gave the stock a buy rating in a research report on Thursday, May 23rd. Finally, Rosenblatt Securities lifted their price objective on shares of NVIDIA from $140.00 to $200.00 and gave the stock a buy rating in a research report on Tuesday, June 18th. Five equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $123.53.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $126.40 on Monday. The company has a market capitalization of $3.11 trillion, a price-to-earnings ratio of 73.92, a P/E/G ratio of 1.33 and a beta of 1.70. The firm’s 50 day simple moving average is $103.66 and its 200 day simple moving average is $82.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14. NVIDIA has a fifty-two week low of $39.23 and a fifty-two week high of $140.76.

NVIDIA (NASDAQ:NVDA) last announced its earnings results 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 for 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 business’s quarterly revenue was up 262.1% on a year-over-year basis. During the same period last year, the company posted $0.09 EPS. As a group, sell-side analysts forecast that NVIDIA will post 2.52 earnings per share for the current year.

NVIDIA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, June 11th. NVIDIA’s dividend payout ratio is presently 2.34%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 227,000 shares of the company’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 transaction, the director now directly owns 10,521,330 shares of the company’s stock, valued at $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mark A. Stevens sold 166,700 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $119.91, for a total value of $19,988,330.20. Following the completion of the sale, the director now directly owns 9,996,240 shares of the company’s stock, valued at approximately $1,198,609,153.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 227,000 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of $88.00, for a total value of $19,975,319.00. Following the completion of the sale, the director now directly owns 10,521,330 shares of the company’s stock, valued at $925,845,476.01. The disclosure for this sale can be found here. Insiders have sold 1,746,590 shares of company stock valued at $309,332,104 over the last ninety days. 4.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On NVIDIA

Several large investors have recently made changes to their positions in NVDA. Baader Bank Aktiengesellschaft grew its stake in shares of NVIDIA by 34.9% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 44,214 shares of the computer hardware maker’s stock worth $21,896,000 after acquiring an additional 11,445 shares during the period. Wealthspire Advisors LLC boosted its stake in NVIDIA by 16.3% in the 4th quarter. Wealthspire Advisors LLC now owns 12,278 shares of the computer hardware maker’s stock worth $6,080,000 after purchasing an additional 1,724 shares during the period. Shared Vision Wealth Group LLC bought a new position in NVIDIA in the 4th quarter worth about $269,000. Grand Alliance Asset Management Ltd bought a new position in NVIDIA in the 4th quarter worth about $29,961,000. Finally, OMNI 360 Wealth Inc. bought a new position in NVIDIA in the 4th quarter worth about $240,000. 65.27% of the stock is 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.