Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for NVIDIA (NASDAQ:NVDA) Stock

NVIDIA (NASDAQ:NVDA - Free Report) had its target price raised by Deutsche Bank Aktiengesellschaft from $115.00 to $140.00 in a report published on Thursday,Benzinga reports. The firm currently has a hold rating on the computer hardware maker's stock.

Other research analysts have also issued reports about the stock. Needham & Company LLC raised their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday. Craig Hallum lifted their price target on NVIDIA from $125.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. Piper Sandler increased their target price on NVIDIA from $140.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. Citigroup boosted their price target on NVIDIA from $170.00 to $175.00 and gave the company a "buy" rating in a report on Thursday. Finally, Sanford C. Bernstein raised their price objective on NVIDIA from $130.00 to $155.00 and gave the stock an "outperform" rating in a research note on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $160.82.

NVIDIA Stock Up 0.6 %

Shares of NASDAQ NVDA traded up $0.82 on Thursday, hitting $146.71. The company had a trading volume of 368,478,266 shares, compared to its average volume of 397,646,125. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15. NVIDIA has a 12-month low of $45.01 and a 12-month high of $152.89. The firm has a market capitalization of $3.60 trillion, a P/E ratio of 68.81, a PEG ratio of 1.54 and a beta of 1.66. The business has a 50 day moving average of $133.55 and a two-hundred day moving average of $121.72.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The company had revenue of $35.08 billion during the quarter, compared to analysts' expectations of $33.15 billion. During the same period in the prior year, the company posted $0.38 EPS. The firm's revenue for the quarter was up 93.6% on a year-over-year basis. As a group, equities research analysts forecast that NVIDIA will post 2.68 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.88%.

NVIDIA declared that its Board of Directors has initiated a share buyback program on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $119.03, for a total transaction of $14,283,600.00. Following the transaction, the chief executive officer now directly owns 76,494,995 shares in the company, valued at approximately $9,105,199,254.85. The trade was a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $119.27, for a total value of $119,270,000.00. Following the completion of the sale, the director now owns 5,852,480 shares of the company's stock, valued at $698,025,289.60. The trade was a 14.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,156,270 shares of company stock valued at $254,784,327 over the last three months. Company insiders own 4.23% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NVDA. Lowe Wealth Advisors LLC purchased a new stake in shares of NVIDIA during the second quarter worth $25,000. DHJJ Financial Advisors Ltd. increased its position in NVIDIA by 1,900.0% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 200 shares of the computer hardware maker's stock worth $25,000 after purchasing an additional 190 shares during the last quarter. FPC Investment Advisory Inc. purchased a new stake in shares of NVIDIA during the 1st quarter worth about $26,000. CGC Financial Services LLC acquired a new stake in shares of NVIDIA during the 2nd quarter valued at about $26,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new stake in shares of NVIDIA in the 1st quarter valued at approximately $27,000. Institutional investors and hedge funds 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.