NVIDIA (NASDAQ:NVDA) Price Target Raised to $1,300.00

NVIDIA (NASDAQ:NVDA) had its price objective upped by Sanford C. Bernstein from $1,000.00 to $1,300.00 in a research note released on Thursday, Marketbeat reports. The firm currently has an outperform rating on the computer hardware maker’s stock.

Other analysts also recently issued reports about the company. Mizuho boosted their price target on NVIDIA from $1,000.00 to $1,180.00 and gave the company a buy rating in a research note on Thursday. Argus boosted their target price on shares of NVIDIA from $850.00 to $950.00 and gave the company a buy rating in a research report on Wednesday, March 20th. Tigress Financial raised their price target on shares of NVIDIA from $790.00 to $985.00 and gave the stock a buy rating in a research report on Thursday, February 29th. Piper Sandler boosted their price objective on shares of NVIDIA from $1,050.00 to $1,200.00 and gave the company an overweight rating in a report on Thursday. Finally, Truist Financial increased their target price on shares of NVIDIA from $911.00 to $1,177.00 and gave the stock a buy rating in a research report on Monday, March 18th. Five analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has a consensus rating of Moderate Buy and a consensus target price of $1,123.49.

NVIDIA Price Performance

NASDAQ:NVDA opened at $1,064.69 on Thursday. The company has a market cap of $2.62 trillion, a P/E ratio of 89.17, a P/E/G ratio of 1.45 and a beta of 1.75. The firm’s fifty day moving average price is $893.19 and its two-hundred day moving average price is $704.65. NVIDIA has a one year low of $366.35 and a one year high of $1,064.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.67.

NVIDIA shares are scheduled to split on the morning of Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly issued shares will be payable to shareholders after the market closes on Monday, June 10th.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share for the quarter, beating the consensus estimate of $5.14 by $0.98. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The firm had revenue of $26.04 billion for the quarter, compared to analysts’ expectations of $24.59 billion. During the same period in the prior year, the firm earned $0.88 EPS. The business’s revenue was up 262.1% on a year-over-year basis. Equities analysts expect that NVIDIA will post 23.18 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date is Tuesday, June 11th. This is a positive change from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s payout ratio is 1.34%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 12,000 shares of NVIDIA stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the transaction, the director now directly owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now directly owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 12,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the transaction, the director now directly owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. Insiders sold 51,278 shares of company stock worth $44,714,198 over the last ninety days. 4.23% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bogart Wealth LLC lifted its stake in NVIDIA by 1,190.9% during the 3rd quarter. Bogart Wealth LLC now owns 9,617 shares of the computer hardware maker’s stock valued at $4,183,000 after acquiring an additional 8,872 shares in the last quarter. RFP Financial Group LLC lifted its position in shares of NVIDIA by 9.2% during the third quarter. RFP Financial Group LLC now owns 1,183 shares of the computer hardware maker’s stock valued at $515,000 after purchasing an additional 100 shares in the last quarter. Pathway Financial Advisors LLC boosted its holdings in NVIDIA by 6.8% during the third quarter. Pathway Financial Advisors LLC now owns 2,357 shares of the computer hardware maker’s stock worth $1,025,000 after purchasing an additional 150 shares during the last quarter. Eagle Global Advisors LLC purchased a new stake in NVIDIA in the 3rd quarter valued at about $12,621,000. Finally, PayPay Securities Corp lifted its position in shares of NVIDIA by 24.8% during the 3rd quarter. PayPay Securities Corp now owns 176 shares of the computer hardware maker’s stock worth $77,000 after buying an additional 35 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

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.