NVIDIA (NASDAQ:NVDA) Given New $175.00 Price Target at Cantor Fitzgerald

NVIDIA (NASDAQ:NVDA) had its price target increased by Cantor Fitzgerald from $140.00 to $175.00 in a research report report published on Wednesday, Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the computer hardware maker’s stock.

A number of other equities research analysts have also weighed in on NVDA. Wells Fargo & Company upped their target price on shares of NVIDIA from $125.00 to $155.00 and gave the stock an overweight rating in a report on Tuesday, June 18th. The Goldman Sachs Group raised their target price on NVIDIA from $120.00 to $135.00 and gave the company a buy rating in a report on Tuesday, June 11th. Stifel Nicolaus upped their price target on NVIDIA from $91.00 to $108.50 and gave the stock a buy rating in a report on Monday, May 20th. Rosenblatt Securities raised their price objective on NVIDIA from $140.00 to $200.00 and gave the company a buy rating in a research note on Tuesday, June 18th. Finally, Sanford C. Bernstein lifted their price objective on shares of NVIDIA from $100.00 to $130.00 and gave the stock an outperform rating in a report on Thursday, May 23rd. Five equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA currently has an average rating of Moderate Buy and a consensus target price of $123.53.

NVIDIA Stock Up 0.2 %

Shares of NASDAQ:NVDA opened at $126.40 on Wednesday. The firm has a market cap of $3.11 trillion, a P/E ratio of 73.92, a PEG ratio of 1.33 and a beta of 1.70. NVIDIA has a 52-week low of $39.23 and a 52-week high of $140.76. The business’s 50 day simple moving average is $103.66 and its two-hundred day simple moving average is $82.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.14 and a current ratio of 3.53.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The company had revenue of $26.04 billion for the quarter, compared to analysts’ expectations of $24.59 billion. During the same period last year, the business earned $0.09 EPS. NVIDIA’s quarterly revenue was up 262.1% compared to the same quarter last year. As a group, research analysts forecast that NVIDIA will post 2.52 EPS for the current fiscal year.

NVIDIA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, June 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s dividend payout ratio is presently 2.34%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 227,000 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $88.00, for a total value of $19,975,319.00. Following the sale, the director now owns 10,521,330 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other NVIDIA news, Director Dawn E. Hudson sold 150,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $105.92, for a total value of $15,888,000.00. Following the completion of the transaction, the director now owns 555,000 shares of the company’s stock, valued at approximately $58,785,600. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 227,000 shares of NVIDIA stock in a transaction on Friday, April 5th. The stock was sold at an average price of $88.00, for a total transaction of $19,975,319.00. Following the sale, the director now directly owns 10,521,330 shares of the company’s stock, valued at $925,845,476.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,746,590 shares of company stock valued at $309,332,104. Company insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Large investors have recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in shares of NVIDIA in the 1st quarter worth approximately $26,000. Koesten Hirschmann & Crabtree INC. purchased a new position in NVIDIA in the 1st quarter worth $27,000. HBC Financial Services PLLC bought a new stake in NVIDIA in the first quarter worth $30,000. Norwood Financial Corp purchased a new stake in NVIDIA during the first quarter valued at about $45,000. Finally, Coston McIsaac & Partners grew its stake in shares of NVIDIA by 231.3% during the first quarter. Coston McIsaac & Partners now owns 53 shares of the computer hardware maker’s stock valued at $47,000 after buying an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

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.