NVIDIA (NASDAQ:NVDA) Given New $228.00 Price Target at Truist Financial

NVIDIA (NASDAQ:NVDA) had its price objective upped by Truist Financial from $210.00 to $228.00 in a report issued on Thursday morning, Marketbeat reports. They currently have a buy rating on the computer hardware maker’s stock.

NVDA has been the subject of several other reports. Raymond James Financial lifted their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 29th. KeyCorp reissued an “overweight” rating and issued a $230.00 price target (up from $215.00) on shares of NVIDIA in a research report on Thursday. Stifel Nicolaus boosted their price target on shares of NVIDIA from $202.00 to $212.00 and gave the company a “buy” rating in a research report on Monday. Mizuho boosted their price target on shares of NVIDIA from $192.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, August 14th. Finally, Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the company an “overweight” rating in a research report on Wednesday, August 13th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $207.69.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $180.17 on Thursday. The company has a fifty day simple moving average of $170.22 and a two-hundred day simple moving average of $138.74. The company has a market cap of $4.40 trillion, a price-to-earnings ratio of 51.33, a price-to-earnings-growth ratio of 1.59 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. NVIDIA has a 52 week low of $86.62 and a 52 week high of $184.48.

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

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $179.76, for a total value of $13,482,000.00. Following the completion of the sale, the chief executive officer directly owned 72,848,225 shares of the company’s stock, valued at approximately $13,095,196,926. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the transaction, the chief financial officer owned 2,956,876 shares in the company, 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. Insiders sold 5,862,440 shares of company stock valued at $896,145,782 over the last ninety days. Corporate insiders own 4.17% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Prospera Capital Management LLC increased its stake in shares of NVIDIA by 0.8% during the second quarter. Prospera Capital Management LLC now owns 20,960 shares of the computer hardware maker’s stock worth $3,312,000 after acquiring an additional 175 shares during the period. Stark Wealth Management LLC acquired a new position in shares of NVIDIA during the second quarter worth about $416,000. Midwestern Financial LLC IA acquired a new position in shares of NVIDIA during the second quarter worth about $1,374,000. Cypress Capital Advisors LLC increased its stake in shares of NVIDIA by 2.4% during the second quarter. Cypress Capital Advisors LLC now owns 3,350 shares of the computer hardware maker’s stock worth $529,000 after acquiring an additional 77 shares during the period. Finally, Tribridge Partners Financial LLC acquired a new position in shares of NVIDIA during the second quarter worth about $256,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

About NVIDIA

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.