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On May 18, 2023, Oppenheimer maintained an Outperform rating for NVIDIA (NASDAQ: NVDA). As of May 11, the average one-year price target for NVIDIA is $294.65, indicating a potential downside of 2.36% from its latest closing price of $301.78. The price forecast ranges from a low of $191.90 to a high of $413.70.
NVIDIA declared a quarterly dividend of $0.04 per share on February 22, 2023, which will result in an annualized yield of 0.05%, significantly below its historical average of 0.19%. The company has a dividend payout ratio of 0.09, indicating a portion of its income paid out in dividends.
Institutionally, NVIDIA is seeing increased interest, with 4,840 funds reporting positions, up 7.70% in the last quarter. The total shares owned by institutions decreased by 0.14% to 1,781,256K shares, while the average portfolio weight for funds dedicated to NVDA increased by 45.63% to 1.31%.
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