NVIDIA (NASDAQ:NVDA) Price Target Raised to $1,200.00

NVIDIA (NASDAQ:NVDA) had its price objective boosted by UBS Group from $1,150.00 to $1,200.00 in a report issued on Thursday, MarketBeat Ratings reports. UBS Group currently has a buy rating on the computer hardware maker’s stock.

NVDA has been the subject of a number of other reports. Susquehanna boosted their target price on NVIDIA from $1,050.00 to $1,100.00 and gave the company a positive rating in a research note on Monday, May 20th. Argus increased their target price on NVIDIA from $950.00 to $1,100.00 and gave the stock a buy rating in a research note on Thursday. Wedbush reaffirmed an outperform rating and issued a $1,000.00 price target on shares of NVIDIA in a research note on Thursday, May 16th. CICC Research began coverage on shares of NVIDIA in a research report on Wednesday, March 6th. They set an outperform rating and a $870.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NVIDIA from $850.00 to $1,000.00 and gave the company a hold rating in a research report on Thursday. Five analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $1,123.49.

NVIDIA Trading Up 2.6 %

NASDAQ:NVDA opened at $1,064.69 on Thursday. The company has a current ratio of 3.53, a quick ratio of 3.67 and a debt-to-equity ratio of 0.17. NVIDIA has a 1-year low of $366.35 and a 1-year high of $1,064.75. The firm has a market capitalization of $2.62 trillion, a price-to-earnings ratio of 89.17, a PEG ratio of 1.45 and a beta of 1.75. The business’s 50-day moving average price is $893.19 and its two-hundred day moving average price is $704.65.

NVIDIA shares are set to split before the market opens on Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly created shares will be issued to shareholders after the market closes on Monday, June 10th.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 EPS for the quarter, beating the consensus estimate of $5.14 by $0.98. The firm 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%. The business’s quarterly revenue was up 262.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. On average, equities analysts expect that NVIDIA will post 23.18 earnings per share for the current year.

NVIDIA Increases Dividend

The company also recently disclosed 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 boost from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s payout ratio is currently 1.34%.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was 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 in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction dated 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 owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,278 shares of company stock worth $44,714,198. Company insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Several institutional investors have recently made changes to their positions in the stock. Cetera Advisor Networks LLC increased its stake in NVIDIA by 8.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 339,828 shares of the computer hardware maker’s stock worth $307,055,000 after acquiring an additional 25,930 shares during the period. Cetera Advisors LLC grew its holdings in shares of NVIDIA by 107.2% during the 1st quarter. Cetera Advisors LLC now owns 226,867 shares of the computer hardware maker’s stock worth $204,988,000 after purchasing an additional 117,384 shares in the last quarter. Cetera Investment Advisers increased its position in shares of NVIDIA by 193.7% in the first quarter. Cetera Investment Advisers now owns 680,591 shares of the computer hardware maker’s stock worth $614,955,000 after purchasing an additional 448,841 shares during the period. Invst LLC raised its stake in NVIDIA by 67.6% in the first quarter. Invst LLC now owns 5,032 shares of the computer hardware maker’s stock valued at $4,547,000 after purchasing an additional 2,029 shares in the last quarter. Finally, Dodds Wealth LLC lifted its position in NVIDIA by 10.7% during the first quarter. Dodds Wealth LLC now owns 953 shares of the computer hardware maker’s stock worth $861,000 after purchasing an additional 92 shares during the period. 65.27% of the stock is currently 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.