NVIDIA (NASDAQ:NVDA) Price Target Raised to $323.00 at Raymond James Financial

NVIDIA (NASDAQ:NVDAFree Report) had its price objective raised by Raymond James Financial from $291.00 to $323.00 in a research report released on Thursday,Benzinga reports. The firm currently has a strong-buy rating on the computer hardware maker’s stock.

Several other research analysts have also recently commented on the company. Rothschild & Co Redburn increased their price target on NVIDIA from $245.00 to $268.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $250.00 price target on shares of NVIDIA in a research report on Tuesday. Wells Fargo & Company reissued an “overweight” rating on shares of NVIDIA in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of NVIDIA from $180.00 to $215.00 and gave the company a “hold” rating in a research note on Thursday, November 20th. Finally, Argus restated a “buy” rating and set a $220.00 target price on shares of NVIDIA in a report 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. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $275.40.

View Our Latest Stock Analysis on NVIDIA

NVIDIA Trading Down 0.9%

NASDAQ NVDA opened at $178.81 on Thursday. The firm has a market cap of $4.34 trillion, a P/E ratio of 36.49, a P/E/G ratio of 0.61 and a beta of 2.33. NVIDIA has a one year low of $86.62 and a one year high of $212.19. The stock’s 50-day moving average is $184.84 and its 200-day moving average is $184.12. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly 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. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The company had revenue of $68.13 billion during the quarter, compared to analysts’ expectations of $65.56 billion. During the same period last year, the business earned $0.89 EPS. The business’s quarterly revenue was up 73.2% on a year-over-year basis. Sell-side analysts anticipate that NVIDIA will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a $0.01 dividend. 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 dividend payout ratio is presently 0.82%.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $175.72, for a total transaction of $4,856,900.80. Following the completion of the sale, the chief financial officer directly owned 846,772 shares of the company’s stock, valued at approximately $148,794,775.84. This trade represents a 3.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 300,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $182.52, for a total value of $54,756,000.00. Following the completion of the sale, the executive vice president owned 3,318,547 shares of the company’s stock, valued at $605,701,198.44. This trade represents a 8.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 798,284 shares of company stock worth $146,064,329. Company insiders own 4.17% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds have recently bought and sold shares of the business. Lifetime Wealth Management P.C. bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $26,000. Winnow Wealth LLC acquired a new position in NVIDIA in the 2nd quarter valued at $32,000. Longfellow Investment Management Co. LLC raised its holdings in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after acquiring an additional 67 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $44,000. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth $45,000. 65.27% of the stock is owned by institutional investors.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

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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