TD Cowen Raises NVIDIA (NASDAQ:NVDA) Price Target to $175.00

NVIDIA (NASDAQ:NVDA - Free Report) had its target price hoisted by TD Cowen from $140.00 to $175.00 in a research report sent to investors on Thursday morning, MarketBeat.com reports. The firm currently has a buy rating on the computer hardware maker's stock.

Several other equities analysts have also recently weighed in on the company. William Blair restated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Truist Financial raised their price objective on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. Barclays restated an "overweight" rating and issued a $170.00 price objective (up previously from $155.00) on shares of NVIDIA in a report on Thursday. Finally, Raymond James reiterated a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA Stock Down 3.5%

NVDA stock traded down $4.91 during trading hours on Thursday, reaching $134.28. 332,224,842 shares of the stock were exchanged, compared to its average volume of 285,804,787. The firm's 50-day moving average is $115.20 and its 200-day moving average is $126.61. The company has a market cap of $3.28 trillion, a price-to-earnings ratio of 52.85, a PEG ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA has a 12 month low of $86.62 and a 12 month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. On average, equities research analysts expect that NVIDIA will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be given a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.29%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 over the last three months. Corporate insiders own 4.17% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NVDA. Nova Wealth Management Inc. grew its stake in shares of NVIDIA by 9.7% during the first quarter. Nova Wealth Management Inc. now owns 26,345 shares of the computer hardware maker's stock worth $2,856,000 after buying an additional 2,321 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of NVIDIA by 34.8% in the first quarter. Jones Financial Companies Lllp now owns 3,109,514 shares of the computer hardware maker's stock worth $340,502,000 after purchasing an additional 803,006 shares during the last quarter. Silicon Valley Capital Partners grew its stake in shares of NVIDIA by 23.9% in the first quarter. Silicon Valley Capital Partners now owns 318,354 shares of the computer hardware maker's stock worth $34,914,000 after purchasing an additional 61,476 shares during the last quarter. Anderson Financial Strategies LLC bought a new stake in shares of NVIDIA in the first quarter worth $217,000. Finally, Strs Ohio bought a new stake in shares of NVIDIA in the first quarter worth $1,163,288,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.