NVIDIA (NASDAQ:NVDA) Price Target Raised to $170.00

NVIDIA (NASDAQ:NVDA - Free Report) had its target price upped by Tigress Financial from $98.50 to $170.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Tigress Financial currently has a buy rating on the computer hardware maker's stock.

NVDA has been the subject of a number of other reports. Cantor Fitzgerald raised their price objective on shares of NVIDIA from $120.00 to $140.00 and gave the company an overweight rating in a research report on Thursday, May 23rd. Oppenheimer restated an outperform rating and issued a $110.00 price objective on shares of NVIDIA in a research report on Thursday, May 23rd. HSBC raised their price objective on shares of NVIDIA from $105.00 to $135.00 and gave the company a buy rating in a research report on Friday, May 10th. Needham & Company LLC raised their price objective on shares of NVIDIA from $85.00 to $120.00 and gave the company a buy rating in a research report on Thursday, May 23rd. Finally, UBS Group lifted their target price on shares of NVIDIA from $115.00 to $120.00 and gave the company a buy rating in a research report on Thursday, May 23rd. Five research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NVIDIA currently has an average rating of Moderate Buy and an average target price of $120.84.

NVIDIA Stock Performance

Shares of NVDA traded up $4.60 during trading hours on Tuesday, hitting $135.58. The company's stock had a trading volume of 289,167,796 shares, compared to its average volume of 487,934,688. The company has a market cap of $3.34 trillion, a price-to-earnings ratio of 79.29, a PEG ratio of 1.39 and a beta of 1.69. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14. The business has a 50 day simple moving average of $99.71 and a two-hundred day simple moving average of $79.24. NVIDIA has a 52-week low of $39.23 and a 52-week high of $136.33.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.10. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The firm had revenue of $26.04 billion during the quarter, compared to the consensus estimate of $24.59 billion. During the same quarter last year, the company earned $0.09 earnings per share. The company's revenue was up 262.1% on a year-over-year basis. On average, equities analysts expect that NVIDIA will post 2.52 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be given a dividend of $0.10 per share. This is an increase from NVIDIA's previous quarterly dividend of $0.04. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Tuesday, June 11th. NVIDIA's payout ratio is presently 2.34%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the business's stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $128.74, for a total transaction of $15,448,800.00. Following the transaction, the chief executive officer now directly owns 81,358,830 shares of the company's stock, valued at approximately $10,474,135,774.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the business's stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $128.74, for a total transaction of $15,448,800.00. Following the transaction, the chief executive officer now directly owns 81,358,830 shares of the company's stock, valued at approximately $10,474,135,774.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 150,000 shares of the business's stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $120.42, for a total transaction of $18,063,000.00. Following the transaction, the director now directly owns 9,846,240 shares in the company, valued at $1,185,684,220.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,417,870 shares of company stock valued at $263,658,838. 4.23% of the stock is currently owned by company insiders.

Institutional Trading of NVIDIA

A number of hedge funds have recently modified their holdings of the business. Keynote Financial Services LLC bought a new stake in shares of NVIDIA during the 1st quarter valued at $262,000. Jackson Wealth Management LLC bought a new stake in shares of NVIDIA during the 1st quarter valued at $3,023,000. OMC Financial Services LTD bought a new stake in shares of NVIDIA during the 1st quarter valued at $25,395,000. EverSource Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 14.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 14,189 shares of the computer hardware maker's stock valued at $12,259,000 after buying an additional 1,785 shares in the last quarter. Finally, Hamilton Wealth LLC boosted its holdings in shares of NVIDIA by 0.3% during the 1st quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker's stock valued at $2,839,000 after buying an additional 9 shares in the last quarter. 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.