NVIDIA (NASDAQ:NVDA) Price Target Raised to $150.00

NVIDIA (NASDAQ:NVDAGet Rating) had its target price lifted by Deutsche Bank Aktiengesellschaft from $140.00 to $150.00 in a research note published on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the computer hardware maker’s stock.

A number of other research firms have also issued reports on NVDA. StockNews.com lowered shares of NVIDIA from a hold rating to a sell rating in a research report on Thursday, October 20th. Piper Sandler reduced their price target on shares of NVIDIA from $235.00 to $200.00 in a research report on Thursday, September 1st. TheStreet lowered shares of NVIDIA from a b- rating to a c+ rating in a research report on Thursday, September 15th. Truist Financial reissued a buy rating and set a $198.00 price target on shares of NVIDIA in a research report on Thursday, September 22nd. Finally, Stifel Nicolaus began coverage on shares of NVIDIA in a research report on Wednesday, September 7th. They set a hold rating and a $165.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of Moderate Buy and a consensus target price of $210.21.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $154.09 on Thursday. The firm has a market capitalization of $383.68 billion, a P/E ratio of 65.57, a PEG ratio of 5.24 and a beta of 1.70. The company has a quick ratio of 3.11, a current ratio of 3.39 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average price of $132.89 and a 200 day moving average price of $156.46. NVIDIA has a 52 week low of $108.13 and a 52 week high of $346.47.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its quarterly earnings data on Wednesday, November 16th. The computer hardware maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.13). The company had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.82 billion. NVIDIA had a net margin of 20.85% and a return on equity of 30.75%. The business’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. Sell-side analysts expect that NVIDIA will post 2.44 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.04 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.10%. NVIDIA’s dividend payout ratio is presently 6.81%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 87,500 shares of NVIDIA stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $119.65, for a total transaction of $10,469,375.00. Following the transaction, the director now owns 2,310,193 shares in the company, valued at approximately $276,414,592.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Mark A. Stevens sold 87,500 shares of the business’s stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $119.65, for a total value of $10,469,375.00. Following the sale, the director now directly owns 2,310,193 shares in the company, valued at approximately $276,414,592.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 85,000 shares of the business’s stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $116.49, for a total transaction of $9,901,650.00. Following the completion of the sale, the director now owns 2,397,693 shares in the company, valued at $279,307,257.57. The disclosure for this sale can be found here. Insiders own 4.04% of the company’s stock.

Institutional Trading of NVIDIA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Roble Belko & Company Inc raised its holdings in NVIDIA by 550.0% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock valued at $28,000 after buying an additional 88 shares during the period. Clear Perspectives Financial Planning LLC purchased a new stake in NVIDIA during the first quarter worth about $28,000. TFO TDC LLC purchased a new stake in NVIDIA during the second quarter worth about $28,000. Tortoise Investment Management LLC increased its stake in NVIDIA by 40.8% during the second quarter. Tortoise Investment Management LLC now owns 183 shares of the computer hardware maker’s stock worth $28,000 after purchasing an additional 53 shares during the period. Finally, Riggs Asset Managment Co. Inc. increased its stake in NVIDIA by 271.2% during the third quarter. Riggs Asset Managment Co. Inc. now owns 245 shares of the computer hardware maker’s stock worth $30,000 after purchasing an additional 179 shares during the period. 62.58% of the stock is currently owned by hedge funds and other institutional investors.

About NVIDIA

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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