NVIDIA (NASDAQ:NVDA – Free Report) had its price target boosted by Stifel Nicolaus from $202.00 to $212.00 in a report released on Monday, Marketbeat reports. The brokerage currently has a buy rating on the computer hardware maker’s stock.
Several other equities research analysts have also weighed in on NVDA. Robert W. Baird increased their price objective on shares of NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday. Jefferies Financial Group raised their price target on shares of NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. Bank of America raised their price target on shares of NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. TD Cowen raised their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, August 19th. Finally, Raymond James Financial raised their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 29th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $194.31.
Check Out Our Latest Research Report on NVIDIA
NVIDIA Stock Performance
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business’s quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. NVIDIA has set its Q2 2026 guidance at EPS. On average, research analysts expect that NVIDIA will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date of this dividend 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 currently 1.29%.
Insider Activity
In related news, 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 of the company’s stock, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares of the company’s stock, valued at $613,391,014.08. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,912,440 shares of company stock worth $902,886,782. Company insiders own 4.17% of the company’s stock.
Institutional Investors Weigh In On NVIDIA
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. Astoria Portfolio Advisors LLC. raised its holdings in shares of NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock valued at $9,610,000 after purchasing an additional 864 shares in the last quarter. Centerpoint Advisory Group raised its holdings in shares of NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after purchasing an additional 943 shares in the last quarter. GSB Wealth Management LLC raised its holdings in shares of NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock valued at $3,534,000 after purchasing an additional 1,043 shares in the last quarter. Variant Private Wealth LLC grew its stake in NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after buying an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc grew its stake in NVIDIA by 2.8% in the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock valued at $4,981,000 after buying an additional 1,265 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.
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.
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