NVIDIA (NVDA) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for NVIDIA (NASDAQ: NVDA):

• 6/26/2024 – NVIDIA had its price target raised by analysts at Cantor Fitzgerald from $140.00 to $175.00. They now have an “overweight” rating on the stock.
• 6/26/2024 – NVIDIA had its price target raised by analysts at Citigroup Inc. from $126.00 to $150.00. They now have a “buy” rating on the stock.
• 6/24/2024 – NVIDIA had its price target raised by analysts at Jefferies Financial Group Inc. from $135.00 to $150.00. They now have a “buy” rating on the stock.
• 6/21/2024 – NVIDIA had its price target raised by analysts at Melius Research from $125.00 to $160.00. They now have a “buy” rating on the stock.
• 6/18/2024 – NVIDIA had its price target raised by analysts at Wells Fargo & Company from $125.00 to $155.00. They now have an “overweight” rating on the stock.
• 6/18/2024 – NVIDIA was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “hold” rating.
• 6/18/2024 – NVIDIA had its price target raised by analysts at Tigress Financial from $98.50 to $170.00. They now have a “buy” rating on the stock.
• 6/18/2024 – NVIDIA had its price target raised by analysts at Rosenblatt Securities from $140.00 to $200.00. They now have a “buy” rating on the stock.
• 6/11/2024 – NVIDIA had its price target raised by analysts at Evercore ISI from $131.00 to $145.00. They now have an “outperform” rating on the stock.
• 6/11/2024 – NVIDIA had its price target raised by analysts at Argus from $110.00 to $150.00. They now have a “buy” rating on the stock.
• 6/11/2024 – NVIDIA had its price target raised by analysts at The Goldman Sachs Group, Inc. from $120.00 to $135.00. They now have a “buy” rating on the stock.
• 6/10/2024 – NVIDIA was upgraded by analysts at StockNews.com from a “hold” rating to a “strong-buy” rating.
• 6/10/2024 – NVIDIA had its price target raised by analysts at Susquehanna from $120.00 to $145.00. They now have a “positive” rating on the stock.
• 6/10/2024 – NVIDIA had its “overweight” rating reaffirmed by analysts at Morgan Stanley.
• 6/10/2024 – NVIDIA had its price target lowered by analysts at Barclays PLC from $1,200.00 to $145.00. They now have an “overweight” rating on the stock.
• 6/10/2024 – NVIDIA had its price target raised by analysts at TD Cowen from $120.00 to $140.00. They now have a “buy” rating on the stock.
• 6/4/2024 – NVIDIA had its price target raised by analysts at Mizuho from $118.00 to $127.50. They now have a “buy” rating on the stock.
• 6/3/2024 – NVIDIA had its price target raised by analysts at Bank of America Co. from $132.00 to $150.00. They now have a “buy” rating on the stock.
• 5/24/2024 – NVIDIA was downgraded by analysts at DZ Bank AG from a “buy” rating to a “hold” rating. They now have a $102.50 price target on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Raymond James from $110.00 to $120.00. They now have a “strong-buy” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Wells Fargo & Company from $115.00 to $125.00. They now have an “overweight” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Cantor Fitzgerald from $120.00 to $140.00. They now have an “overweight” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Morgan Stanley from $100.00 to $116.00. They now have an “overweight” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at JPMorgan Chase & Co. from $85.00 to $115.00. They now have an “overweight” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Piper Sandler from $105.00 to $120.00. They now have an “overweight” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at KeyCorp from $120.00 to $130.00. They now have an “overweight” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Wedbush from $100.00 to $120.00. They now have an “outperform” rating on the stock.
• 5/23/2024 – NVIDIA had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $110.00 price target on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Sanford C. Bernstein from $100.00 to $130.00. They now have an “outperform” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Wolfe Research from $120.00 to $125.00. They now have an “outperform” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Evercore ISI from $116.00 to $131.00. They now have an “outperform” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $85.00 to $100.00. They now have a “hold” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Citigroup Inc. from $103.00 to $126.00. They now have a “buy” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at UBS Group AG from $115.00 to $120.00. They now have a “buy” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Benchmark Co. from $100.00 to $135.00. They now have a “buy” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Jefferies Financial Group Inc. from $120.00 to $135.00. They now have a “buy” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Argus from $95.00 to $110.00. They now have a “buy” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Craig Hallum from $85.00 to $125.00. They now have a “buy” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Truist Financial Co. from $117.70 to $128.80. They now have a “buy” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at TD Cowen from $110.00 to $120.00. They now have a “buy” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at The Goldman Sachs Group, Inc. from $110.00 to $120.00. They now have a “buy” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Needham & Company LLC from $85.00 to $120.00. They now have a “buy” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Bank of America Co. from $110.00 to $132.00. They now have a “buy” rating on the stock.
• 5/23/2024 – NVIDIA had its price target raised by analysts at Mizuho from $100.00 to $118.00. They now have a “buy” rating on the stock.
• 5/20/2024 – NVIDIA had its price target raised by analysts at Susquehanna from $105.00 to $110.00. They now have a “positive” rating on the stock.
• 5/20/2024 – NVIDIA had its price target raised by analysts at Barclays PLC from $85.00 to $110.00. They now have an “overweight” rating on the stock.
• 5/20/2024 – NVIDIA had its price target raised by analysts at Robert W. Baird from $105.00 to $120.00. They now have an “outperform” rating on the stock.
• 5/20/2024 – NVIDIA had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $140.00 price target on the stock.
• 5/20/2024 – NVIDIA had its price target raised by analysts at Stifel Nicolaus from $91.00 to $108.50. They now have a “buy” rating on the stock.
• 5/17/2024 – NVIDIA had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $110.00 price target on the stock.
• 5/16/2024 – NVIDIA had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $100.00 price target on the stock.
• 5/14/2024 – NVIDIA had its price target raised by analysts at Wells Fargo & Company from $97.00 to $115.00. They now have an “overweight” rating on the stock.
• 5/13/2024 – NVIDIA is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $120.00 price target on the stock.
• 5/10/2024 – NVIDIA had its price target raised by analysts at HSBC Holdings plc from $105.00 to $135.00. They now have a “buy” rating on the stock.
• 5/7/2024 – NVIDIA had its price target raised by analysts at The Goldman Sachs Group, Inc. from $100.00 to $110.00. They now have a “buy” rating on the stock.
• 4/30/2024 – NVIDIA had its price target raised by analysts at UBS Group AG from $110.00 to $115.00. They now have a “buy” rating on the stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $126.40 on Thursday. The firm has a market cap of $3.11 trillion, a price-to-earnings ratio of 73.92, a price-to-earnings-growth ratio of 1.33 and a beta of 1.70. The stock’s 50-day moving average is $103.66 and its 200-day moving average is $82.10. NVIDIA Co. has a one year low of $39.23 and a one year high of $140.76. 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 (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. NVIDIA had a return on equity of 110.60% and a net margin of 53.40%. The company had revenue of $26.04 billion for the quarter, compared to analyst estimates of $24.59 billion. During the same period in the previous year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 262.1% compared to the same quarter last year. Equities analysts predict that NVIDIA Co. 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. Investors 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 yield of 0.32%. The ex-dividend date of this dividend is Tuesday, June 11th. This is a positive change from NVIDIA’s previous quarterly dividend of $0.04. NVIDIA’s dividend payout ratio is presently 2.34%.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $120.84, for a total transaction of $14,500,800.00. Following the sale, the chief executive officer now owns 80,574,995 shares in the company, valued at $9,736,682,395.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 227,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $88.00, for a total transaction of $19,975,319.00. Following the transaction, the director now owns 10,521,330 shares of the company’s stock, valued at $925,845,476.01. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $120.84, for a total value of $14,500,800.00. Following the transaction, the chief executive officer now directly owns 80,574,995 shares in the company, valued at approximately $9,736,682,395.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,746,590 shares of company stock worth $309,332,104. Corporate insiders own 4.23% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

A number of institutional investors have recently bought and sold shares of NVDA. Baader Bank Aktiengesellschaft grew its position in shares of NVIDIA by 34.9% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 44,214 shares of the computer hardware maker’s stock valued at $21,896,000 after purchasing an additional 11,445 shares during the last quarter. Wealthspire Advisors LLC grew its position in 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 buying an additional 1,724 shares in the last quarter. Shared Vision Wealth Group LLC acquired a new stake in NVIDIA during the fourth quarter worth approximately $269,000. Grand Alliance Asset Management Ltd acquired a new stake in NVIDIA during the fourth quarter worth approximately $29,961,000. Finally, OMNI 360 Wealth Inc. acquired a new stake in NVIDIA during the fourth quarter worth approximately $240,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

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.