NVIDIA (NASDAQ:NVDA) Price Target Raised to $250.00

NVIDIA (NASDAQ:NVDAFree Report) had its target price boosted by Royal Bank Of Canada from $240.00 to $250.00 in a report published on Thursday, MarketBeat.com reports. The firm currently has an outperform rating on the computer hardware maker’s stock.

Several other research analysts also recently weighed in on the company. Arete Research lifted their target price on NVIDIA from $244.00 to $261.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of NVIDIA in a report on Monday, December 29th. DZ Bank reiterated a “buy” rating on shares of NVIDIA in a research report on Thursday, November 20th. Wall Street Zen downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of NVIDIA from $180.00 to $215.00 and gave the stock a “hold” rating in a research note on Thursday, November 20th. Four analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $271.86.

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NVIDIA Trading Down 4.2%

NASDAQ NVDA opened at $177.19 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The firm has a market cap of $4.31 trillion, a PE ratio of 36.16, a P/E/G ratio of 0.52 and a beta of 2.31. NVIDIA has a one year low of $86.62 and a one year high of $212.19. The firm’s fifty day moving average is $186.43 and its two-hundred day moving average is $183.86.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.08. The business had revenue of $68.13 billion during the quarter, compared to the consensus estimate of $65.56 billion. NVIDIA had a net margin of 55.60% and a return on equity of 110.96%. The business’s quarterly revenue was up 73.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Analysts expect that NVIDIA will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio is 0.82%.

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Debora Shoquist sold 80,000 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $178.90, for a total value of $14,312,000.00. Following the sale, the executive vice president owned 1,494,443 shares of the company’s stock, valued at approximately $267,355,852.70. This represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $181.73, for a total value of $63,605,500.00. Following the completion of the transaction, the director owned 7,049,803 shares of the company’s stock, valued at approximately $1,281,160,699.19. This represents a 4.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,610,848 shares of company stock worth $291,619,375 over the last ninety days. 4.17% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

A number of large investors have recently added to or reduced their stakes in NVDA. State Street Corp lifted its position in shares of NVIDIA by 1.2% in the fourth quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker’s stock valued at $184,911,111,000 after acquiring an additional 11,451,386 shares in the last quarter. Geode Capital Management LLC raised its stake in NVIDIA by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker’s stock valued at $109,446,217,000 after purchasing an additional 3,383,441 shares during the last quarter. Norges Bank purchased a new position in NVIDIA in the 4th quarter valued at about $62,244,133,000. Bank of America Corp DE boosted its stake in shares of NVIDIA by 1.5% during the 4th quarter. Bank of America Corp DE now owns 187,181,484 shares of the computer hardware maker’s stock worth $34,909,347,000 after purchasing an additional 2,849,678 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of NVIDIA by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker’s stock worth $33,808,862,000 after purchasing an additional 2,609,560 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

More NVIDIA News

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About NVIDIA

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NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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