NVIDIA (NASDAQ:NVDA) Price Target Raised to $185.00

NVIDIA (NASDAQ:NVDA) had its price objective lifted by Mizuho from $170.00 to $185.00 in a research note released on Thursday morning,Benzinga reports. Mizuho currently has an outperform rating on the computer hardware maker’s stock.

Other research analysts have also issued research reports about the stock. Benchmark reissued a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. Barclays raised their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, June 17th. TD Cowen lifted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Arete Research upgraded shares of NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $176.19.

NVIDIA Trading Up 1.3%

NASDAQ NVDA opened at $159.28 on Thursday. The firm has a 50 day simple moving average of $136.38 and a 200-day simple moving average of $127.83. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA has a one year low of $86.62 and a one year high of $160.98. The firm has a market cap of $3.89 trillion, a price-to-earnings ratio of 51.38, a PEG ratio of 1.41 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. During the same period in the previous year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 69.2% compared to the same quarter last year. Equities research analysts anticipate that NVIDIA will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.29%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director directly owned 26,671,360 shares of the company’s stock, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the business’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,044,919 shares of company stock valued at $584,414,209. Insiders own 4.17% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Several institutional investors have recently bought and sold shares of NVDA. Tacita Capital Inc purchased a new stake in shares of NVIDIA during the 4th quarter worth $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA during the 4th quarter worth $38,000. Kathleen S. Wright Associates Inc. boosted its position in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares in the last quarter. Copia Wealth Management purchased a new stake in shares of NVIDIA in the 4th quarter worth about $50,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA in the 1st quarter worth about $51,000. 65.27% of the stock is owned by institutional investors and hedge funds.

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.