NVIDIA (NASDAQ:NVDA) Trading 1.7% Higher Following Analyst Upgrade

NVIDIA Corporation (NASDAQ:NVDA)’s share price traded up 1.7% during trading on Friday after Evercore ISI raised their price target on the stock from $190.00 to $214.00. Evercore ISI currently has an outperform rating on the stock. NVIDIA traded as high as $177.86 and last traded at $177.89. 70,002,420 shares traded hands during trading, a decline of 71% from the average session volume of 239,271,078 shares. The stock had previously closed at $174.98.

Several other analysts have also commented on the company. Wedbush raised their target price on NVIDIA from $175.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday. KeyCorp raised their target price on NVIDIA from $190.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday. Benchmark reaffirmed a “buy” rating and set a $190.00 target price on shares of NVIDIA in a report on Thursday, May 29th. UBS Group raised their target price on NVIDIA from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Citigroup reiterated an “overweight” rating on shares of NVIDIA in a research report on Monday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $192.44.

Insiders Place Their Bets

In other news, EVP Ajay K. Puri sold 168,195 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,912,440 shares of company stock worth $902,886,782. Company insiders own 4.17% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Asset Planning Inc. purchased a new position in shares of NVIDIA in the second quarter valued at approximately $28,000. Winnow Wealth LLC purchased a new position in NVIDIA during the second quarter worth approximately $32,000. Longfellow Investment Management Co. LLC lifted its position in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA during the second quarter worth approximately $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd purchased a new position in NVIDIA during the second quarter worth approximately $54,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

The stock has a market cap of $4.34 trillion, a PE ratio of 57.42, a P/E/G ratio of 1.54 and a beta of 2.14. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average of $167.35 and a 200 day moving average of $137.31.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The company had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The business’s quarterly revenue was up 69.2% compared to the same quarter last year. NVIDIA has set its Q2 2026 guidance at EPS. Equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

NVIDIA Company Profile

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.