Craig Hallum Issues Positive Forecast for NVIDIA (NASDAQ:NVDA) Stock Price

NVIDIA (NASDAQ:NVDA) had its price objective hoisted by Craig Hallum from $195.00 to $245.00 in a report issued on Thursday morning,Benzinga reports. Craig Hallum currently has a buy rating on the computer hardware maker’s stock.

A number of other analysts have also recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday. Arete Research raised shares of NVIDIA to a “strong-buy” rating in a research report on Wednesday, May 21st. Rosenblatt Securities boosted their target price on shares of NVIDIA from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays boosted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 17th. Finally, Loop Capital boosted their target price on shares of NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.69.

NVIDIA Stock Down 0.8%

NASDAQ:NVDA opened at $180.17 on Thursday. NVIDIA has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The stock has a market capitalization of $4.40 trillion, a P/E ratio of 51.33, a P/E/G ratio of 1.59 and a beta of 2.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The company’s 50-day simple moving average is $170.22 and its 200-day simple moving average is $138.74.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 109.66%. The business had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. During the same period last year, the business earned $0.68 EPS. The company’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts anticipate that NVIDIA will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA’s payout ratio is presently 1.29%.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the completion of the transaction, the chief executive officer directly owned 72,848,225 shares of the company’s stock, valued at $13,095,196,926. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the transaction, the chief financial officer directly owned 2,956,876 shares of the company’s stock, valued at approximately $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,862,440 shares of company stock valued at $896,145,782. Company insiders own 4.17% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Institutional investors have recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. increased 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 increased 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 increased its holdings in NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock worth $3,534,000 after acquiring an additional 1,043 shares in the last quarter. Variant Private Wealth LLC increased its holdings 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 worth $2,038,000 after acquiring an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc increased its holdings in NVIDIA by 2.8% in the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock worth $4,981,000 after acquiring an additional 1,265 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

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.