NVIDIA (NASDAQ:NVDA) Price Target Increased to $150.00 by Analysts at Citigroup

NVIDIA (NASDAQ:NVDA) had its price objective lifted by Citigroup from $126.00 to $150.00 in a report published on Wednesday morning, Benzinga reports. Citigroup currently has a buy rating on the computer hardware maker’s stock.

Several other equities research analysts have also weighed in on the stock. KeyCorp increased their price objective on shares of NVIDIA from $120.00 to $130.00 and gave the stock an overweight rating in a research note on Thursday, May 23rd. Tigress Financial increased their price target on NVIDIA from $98.50 to $170.00 and gave the stock a buy rating in a research report on Tuesday, June 18th. Susquehanna boosted their price objective on NVIDIA from $120.00 to $145.00 and gave the company a positive rating in a research report on Monday, June 10th. StockNews.com downgraded NVIDIA from a strong-buy rating to a hold rating in a research note on Tuesday, June 18th. Finally, Wolfe Research raised their target price on NVIDIA from $120.00 to $125.00 and gave the company an outperform rating in a research note on Thursday, May 23rd. Five analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of Moderate Buy and a consensus target price of $123.53.

NVIDIA Trading Up 0.2 %

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

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.10. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The firm 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 posted $0.09 earnings per share. The firm’s revenue for the quarter was up 262.1% on a year-over-year basis. On average, analysts anticipate that NVIDIA will post 2.52 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

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

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 227,000 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $88.00, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now directly owns 10,521,330 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, June 21st. The stock was sold at an average price of $128.17, for a total transaction of $576,765.00. Following the transaction, the insider now owns 503,878 shares in the company, valued at $64,582,043.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 227,000 shares of the 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 completion of 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. In the last quarter, insiders have sold 1,746,590 shares of company stock valued at $309,332,104. 4.23% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NVIDIA

Institutional investors and hedge funds have recently bought and sold shares of the business. FPC Investment Advisory Inc. acquired a new position in NVIDIA in the 1st quarter valued at approximately $26,000. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of NVIDIA during the 1st quarter valued at $27,000. HBC Financial Services PLLC purchased a new position in shares of NVIDIA during the 1st quarter valued at $30,000. Norwood Financial Corp acquired a new position in shares of NVIDIA in the first quarter worth $45,000. Finally, Coston McIsaac & Partners raised its holdings 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 worth $47,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Company Profile

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.