NVIDIA (NASDAQ:NVDA) had its target price lifted by Morgan Stanley from $148.00 to $170.00 in a research report sent to investors on Monday, BenzingaRatingsTable reports. Morgan Stanley currently has an equal weight rating on the computer hardware maker’s stock.

NVDA has been the subject of several other reports. Sanford C. Bernstein lowered NVIDIA from an outperform rating to a market perform rating and dropped their price objective for the stock from $250.00 to $175.00 in a research note on Monday, February 11th. BidaskClub lowered NVIDIA from a buy rating to a hold rating in a research note on Friday, March 1st. Zacks Investment Research lowered NVIDIA from a hold rating to a sell rating in a research note on Wednesday, January 30th. Deutsche Bank increased their price objective on NVIDIA from $150.00 to $160.00 and gave the stock a hold rating in a research note on Wednesday, March 20th. Finally, TheStreet lowered NVIDIA from a b rating to a c+ rating in a research note on Tuesday, February 5th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-five have given a buy rating to the stock. NVIDIA presently has a consensus rating of Buy and an average price target of $200.09.

NVIDIA stock opened at $160.19 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.94 and a quick ratio of 6.76. NVIDIA has a 52-week low of $124.46 and a 52-week high of $292.76. The firm has a market cap of $97.10 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 3.88 and a beta of 1.85.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.07. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the company posted $2.05 earnings per share. The business’s revenue for the quarter was down 30.8% compared to the same quarter last year. Equities analysts anticipate that NVIDIA will post 4.43 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 31st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.40%. NVIDIA’s dividend payout ratio (DPR) is presently 10.54%.

In related news, CFO Colette Kress sold 14,092 shares of NVIDIA stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $183.33, for a total value of $2,583,486.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Debora Shoquist sold 5,823 shares of NVIDIA stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total value of $1,077,255.00. Following the completion of the sale, the executive vice president now owns 171,783 shares of the company’s stock, valued at $31,779,855. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,029 shares of company stock valued at $3,678,385. Corporate insiders own 4.64% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Horizon Investments LLC acquired a new stake in NVIDIA in the first quarter worth about $398,000. Merit Financial Group LLC increased its position in NVIDIA by 12.3% in the first quarter. Merit Financial Group LLC now owns 3,291 shares of the computer hardware maker’s stock worth $590,000 after purchasing an additional 360 shares during the period. Slow Capital Inc. increased its position in NVIDIA by 34.6% in the first quarter. Slow Capital Inc. now owns 15,311 shares of the computer hardware maker’s stock worth $2,749,000 after purchasing an additional 3,932 shares during the period. Vulcan Value Partners LLC acquired a new stake in NVIDIA in the first quarter worth about $410,469,000. Finally, FMR LLC increased its position in NVIDIA by 1.8% in the first quarter. FMR LLC now owns 49,860,097 shares of the computer hardware maker’s stock worth $8,952,880,000 after purchasing an additional 858,116 shares during the period. Hedge funds and other institutional investors own 70.03% of the company’s stock.

NVIDIA Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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