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Baird maintained an Outperform rating for NVIDIA (NASDAQ: NVDA) on August 15, 2023, projecting a 16.56% upside. The average one-year price target for NVIDIA is $509.98, ranging from $371.89 to $805.35, against the latest closing price of $437.53.
NVIDIA’s projected annual revenue is $30 billion, marking an 11.22% increase, with a non-GAAP EPS of $4.40. The company declared a quarterly dividend of $0.04 per share on May 24, 2023, resulting in a current dividend yield of 0.04%. Over the past five years, the average dividend yield has been 0.18%.
According to recent data, 5,121 funds reported positions in NVIDIA, up by 370 (7.79%). The average portfolio weight dedicated to NVDA increased by 37.36%. Notable institutional shareholders include Vanguard Total Stock Market Index Fund, holding 72,343K shares (2.93% ownership), and JPMorgan Chase, holding 35,568K shares (1.44% ownership).
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