Cantor Fitzgerald Boosts NVIDIA (NASDAQ:NVDA) Price Target to $175.00

NVIDIA (NASDAQ:NVDA) had its price target increased by Cantor Fitzgerald from $140.00 to $175.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have an overweight rating on the computer hardware maker’s stock.

NVDA has been the subject of a number of other reports. StockNews.com downgraded shares of NVIDIA from a strong-buy rating to a hold rating in a research note on Tuesday, June 18th. KeyCorp boosted their price objective on shares of NVIDIA from $120.00 to $130.00 and gave the company an overweight rating in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NVIDIA from $85.00 to $100.00 and gave the company a hold rating in a report on Thursday, May 23rd. The Goldman Sachs Group boosted 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. Finally, Argus boosted their price objective on shares of NVIDIA from $110.00 to $150.00 and gave the company a buy rating in a report on Tuesday, June 11th. 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 stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of Moderate Buy and an average target price of $125.66.

NVIDIA Trading Down 0.4 %

Shares of NASDAQ NVDA opened at $123.54 on Wednesday. NVIDIA has a 1-year low of $39.23 and a 1-year high of $140.76. The company has a market cap of $3.04 trillion, a PE ratio of 72.25, a P/E/G ratio of 1.31 and a beta of 1.70. 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 company has a 50-day moving average of $106.24 and a two-hundred day moving average of $83.48.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The business 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%. NVIDIA’s revenue for the quarter was up 262.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. As a group, equities analysts expect that NVIDIA will post 2.53 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

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

Insiders Place Their Bets

In other news, Director Tench Coxe sold 100,000 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $1,194.57, for a total value of $119,457,000.00. Following the transaction, the director now directly owns 2,967,136 shares of the company’s stock, valued at $3,544,451,651.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Mark A. Stevens sold 227,000 shares of the stock in a transaction dated 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 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. Also, Director Tench Coxe sold 100,000 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $1,194.57, for a total transaction of $119,457,000.00. Following the completion of the transaction, the director now directly owns 2,967,136 shares in the company, valued at $3,544,451,651.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,866,590 shares of company stock valued at $324,317,704. 4.23% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NVIDIA

Hedge funds have recently bought and sold shares of the business. FPC Investment Advisory Inc. bought a new position in NVIDIA during the first quarter worth about $26,000. Koesten Hirschmann & Crabtree INC. bought a new position in NVIDIA during the first quarter worth about $27,000. LFA Lugano Financial Advisors SA bought a new position in NVIDIA during the fourth quarter worth about $28,000. Criterion Capital Advisors LLC acquired a new stake in NVIDIA during the fourth quarter worth about $28,000. Finally, HBC Financial Services PLLC acquired a new stake in NVIDIA during the first quarter worth about $30,000. 65.27% of the stock is owned by institutional investors.

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.