NVIDIA (NASDAQ:NVDA) PT Raised to $150.00

NVIDIA (NASDAQ:NVDA) had its price objective upped by UBS Group from $120.00 to $150.00 in a research note released on Monday, MarketBeat.com reports. The brokerage currently has a buy rating on the computer hardware maker’s stock.

Several other brokerages have also recently commented on NVDA. Melius Research lifted their price target on shares of NVIDIA from $125.00 to $160.00 and gave the stock a buy rating in a research report on Friday, June 21st. Citigroup upped their target price on shares of NVIDIA from $126.00 to $150.00 and gave the company a buy rating in a research report on Wednesday, June 26th. HSBC raised their price target on NVIDIA from $105.00 to $135.00 and gave the stock a buy rating in a research report on Friday, May 10th. Robert W. Baird upped their price objective on NVIDIA from $105.00 to $120.00 and gave the company an outperform rating in a report on Monday, May 20th. Finally, Needham & Company LLC increased their target price on NVIDIA from $85.00 to $120.00 and gave the company a buy rating in a research note on Thursday, May 23rd. Six analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has a consensus rating of Moderate Buy and an average target price of $128.29.

NVIDIA Stock Performance

NVDA stock opened at $127.40 on Monday. The stock has a market capitalization of $3.13 trillion, a PE ratio of 74.50, a price-to-earnings-growth ratio of 1.35 and a beta of 1.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14. The company has a 50 day moving average price of $114.17 and a 200 day moving average price of $88.18. NVIDIA has a fifty-two week low of $39.23 and a fifty-two week high of $140.76.

NVIDIA (NASDAQ:NVDA) last released its 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 company had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The firm’s quarterly revenue was up 262.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 earnings per share. Analysts forecast that NVIDIA will post 2.53 EPS for the current year.

NVIDIA Increases Dividend

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

Insider Activity

In related news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $128.74, for a total transaction of $15,448,800.00. Following the completion of the transaction, the chief executive officer now directly owns 81,358,830 shares of the company’s stock, valued at $10,474,135,774.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $128.74, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $128.17, for a total transaction of $576,765.00. Following the sale, the insider now directly owns 503,878 shares in the company, valued at $64,582,043.26. The disclosure for this sale can be found here. Insiders sold 2,744,590 shares of company stock worth $446,110,085 in the last quarter. Corporate insiders own 4.23% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Baader Bank Aktiengesellschaft boosted its holdings 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 buying an additional 11,445 shares during the period. Wealthspire Advisors LLC boosted its holdings in shares of NVIDIA by 16.3% during the fourth quarter. Wealthspire Advisors LLC now owns 12,278 shares of the computer hardware maker’s stock worth $6,080,000 after acquiring an additional 1,724 shares during the period. Shared Vision Wealth Group LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at approximately $269,000. Grand Alliance Asset Management Ltd bought a new position in shares of NVIDIA during the fourth quarter worth approximately $29,961,000. Finally, OMNI 360 Wealth Inc. acquired a new stake in NVIDIA during the 4th quarter worth approximately $240,000. 65.27% of the stock is currently owned by 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.