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On October 18, 2023, Morgan Stanley maintained an Overweight recommendation for NVIDIA (NASDAQ: NVDA), projecting a 46.13% upside from the current share price of $439.38. The average one-year price target is $642.07, with estimates ranging from a low of $443.39 to a high of $1,155.00.
NVIDIA declared a quarterly dividend of $0.04 per share, with shareholders of record as of September 7, 2023, receiving the payment on September 28, 2023. The company has not increased its dividend in the last three years, and its current dividend yield is 0.04%, down from a historical average yield of 0.17% over the last five years.
Institutional ownership in NVIDIA increased by 334 funds or 6.77% in the last quarter, totaling 5,269 funds reporting positions. Total institutional shares owned rose by 0.88% to approximately 1.8 billion shares.
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