NVIDIA (NASDAQ:NVDA) Given New $144.00 Price Target at Morgan Stanley

NVIDIA (NASDAQ:NVDA) had its price target boosted by Morgan Stanley from $116.00 to $144.00 in a research note released on Monday, MarketBeat.com reports. Morgan Stanley currently has an overweight rating on the computer hardware maker’s stock.

Several other brokerages have also recently issued reports on NVDA. Mizuho lifted their target price on shares of NVIDIA from $118.00 to $127.50 and gave the stock a buy rating in a research note on Tuesday, June 4th. JPMorgan Chase & Co. raised their target price on shares of NVIDIA from $85.00 to $115.00 and gave the stock an overweight rating in a research note on Thursday, May 23rd. Stifel Nicolaus upped their price target on NVIDIA from $91.00 to $108.50 and gave the company a buy rating in a research report on Monday, May 20th. Craig Hallum boosted their price objective on NVIDIA from $85.00 to $125.00 and gave the stock a buy rating in a research note on Thursday, May 23rd. Finally, Cantor Fitzgerald raised their target price on NVIDIA from $140.00 to $175.00 and gave the stock an overweight rating in a research note on Wednesday, June 26th. Five investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has an average rating of Moderate Buy and an average price target of $126.34.

NVIDIA Trading Up 4.6 %

Shares of NVDA stock opened at $128.28 on Monday. The company has a market cap of $3.16 trillion, a price-to-earnings ratio of 73.30, a PEG ratio of 1.30 and a beta of 1.68. The stock has a 50 day simple moving average of $107.95 and a 200-day simple moving average of $84.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14. NVIDIA has a 1-year low of $39.23 and a 1-year high of $140.76.

NVIDIA (NASDAQ:NVDA) last posted 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. The company had revenue of $26.04 billion for the quarter, compared to analysts’ expectations of $24.59 billion. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. NVIDIA’s revenue was up 262.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. On average, equities research analysts expect that NVIDIA will post 2.53 EPS for the current fiscal year.

NVIDIA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th were paid a $0.10 dividend. This is a boost from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend was Tuesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is presently 2.34%.

Insider Buying and Selling

In other news, Director Tench Coxe sold 100,000 shares of NVIDIA stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $1,194.57, for a total value of $119,457,000.00. Following the completion of the transaction, the director now owns 2,967,136 shares in the company, valued at approximately $3,544,451,651.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other NVIDIA news, Director Mark A. Stevens sold 227,000 shares of the firm’s stock in a transaction on 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 directly owns 10,521,330 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tench Coxe sold 100,000 shares of NVIDIA stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $1,194.57, for a total value of $119,457,000.00. Following the sale, the director now directly owns 2,967,136 shares of the company’s stock, valued at $3,544,451,651.52. The disclosure for this sale can be found here. Insiders sold 2,106,590 shares of company stock valued at $354,056,104 in the last three months. 4.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

Institutional investors have recently added to or reduced their stakes in the business. Baader Bank Aktiengesellschaft grew its position in shares of NVIDIA by 34.9% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 44,214 shares of the computer hardware maker’s stock valued at $21,896,000 after buying an additional 11,445 shares during the last quarter. Wealthspire Advisors LLC increased its position in shares of NVIDIA by 16.3% during the fourth quarter. Wealthspire Advisors LLC now owns 12,278 shares of the computer hardware maker’s stock worth $6,080,000 after purchasing an additional 1,724 shares in the last quarter. Shared Vision Wealth Group LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at about $269,000. Grand Alliance Asset Management Ltd acquired a new stake in shares of NVIDIA in the 4th quarter valued at about $29,961,000. Finally, OMNI 360 Wealth Inc. acquired a new position in NVIDIA during the fourth quarter worth approximately $240,000. 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.