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On April 18, 2023, HSBC upgraded NVIDIA (NASDAQ: NVDA) from Reduce to Buy, forecasting a 3.57% upside from its latest closing price of $270.02. The average one-year price target for NVIDIA is $279.67, with a range between $176.75 and $336.00.
NVIDIA’s projected annual revenue stands at $30,001 million, reflecting an increase of 11.22%. The company declared a quarterly dividend of $0.04 per share on February 22, 2023, with a current dividend yield of 0.06%, below the historical average of 0.19% over the past five years.
As of the last quarter, 4,547 funds report positions in NVIDIA, marking a 5.30% increase in ownership. The total shares owned by institutions rose by 2.32% to 1,788,660,000 shares, while the put/call ratio is at 1.61, indicating a bearish outlook.
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