Mizuho Increases NVIDIA (NASDAQ:NVDA) Price Target to $1,180.00

NVIDIA (NASDAQ:NVDA) had its target price raised by Mizuho from $1,000.00 to $1,180.00 in a report released on Thursday morning, MarketBeat reports. They currently have a buy rating on the computer hardware maker’s stock.

Other equities analysts have also recently issued research reports about the company. Truist Financial boosted their price target on NVIDIA from $911.00 to $1,177.00 and gave the stock a buy rating in a report on Monday, March 18th. Oppenheimer reissued an outperform rating and set a $1,100.00 price target on shares of NVIDIA in a report on Friday, May 17th. Benchmark reissued a buy rating and set a $1,000.00 price target on shares of NVIDIA in a report on Wednesday, March 20th. Sanford C. Bernstein upped their target price on NVIDIA from $700.00 to $1,000.00 and gave the stock an outperform rating in a report on Thursday, February 22nd. Finally, Cantor Fitzgerald reaffirmed an overweight rating and issued a $900.00 target price on shares of NVIDIA in a report on Monday, March 4th. Five investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $1,123.49.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $1,064.69 on Thursday. The stock has a market capitalization of $2.62 trillion, a PE ratio of 62.26, a P/E/G ratio of 1.48 and a beta of 1.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.67. The business has a fifty day moving average price of $893.19 and a two-hundred day moving average price of $706.34. NVIDIA has a fifty-two week low of $366.35 and a fifty-two week high of $1,064.75.

NVIDIA’s stock is going to split on Monday, June 10th. The 10-1 split was announced on Monday, June 10th. The newly created shares will be payable to shareholders after the market closes on Monday, June 10th.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 EPS for the quarter, topping analysts’ consensus estimates of $5.14 by $0.98. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The company had revenue of $26.04 billion during the quarter, compared to analysts’ expectations of $24.59 billion. During the same quarter in the previous year, the firm earned $0.88 EPS. NVIDIA’s revenue was up 262.1% on a year-over-year basis. As a group, equities analysts predict that NVIDIA will post 23.6 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Tuesday, June 11th. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s dividend payout ratio (DPR) is 0.94%.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 128 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the transaction, the director now owns 2,055 shares in the company, valued at approximately $1,931,700. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,278 shares of company stock valued at $40,710,498. Company insiders own 4.23% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Bogart Wealth LLC lifted its holdings in NVIDIA by 1,190.9% during the third quarter. Bogart Wealth LLC now owns 9,617 shares of the computer hardware maker’s stock worth $4,183,000 after acquiring an additional 8,872 shares during the period. RFP Financial Group LLC lifted its holdings in NVIDIA by 9.2% during the third quarter. RFP Financial Group LLC now owns 1,183 shares of the computer hardware maker’s stock worth $515,000 after acquiring an additional 100 shares during the period. Pathway Financial Advisors LLC lifted 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 acquiring an additional 150 shares during the period. Eagle Global Advisors LLC bought a new stake in NVIDIA during the third quarter worth $12,621,000. Finally, PayPay Securities Corp lifted its holdings in NVIDIA by 24.8% during the third quarter. PayPay Securities Corp now owns 176 shares of the computer hardware maker’s stock worth $77,000 after acquiring an additional 35 shares during the period. 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.