NVIDIA (NASDAQ:NVDA) Given New $235.00 Price Target at Bank of America

NVIDIA (NASDAQ:NVDA) had its price objective boosted by Bank of America from $220.00 to $235.00 in a report issued on Thursday morning, MarketBeat reports. Bank of America currently has a buy rating on the computer hardware maker’s stock.

Other research analysts have also issued reports about the company. Mizuho raised their price target on NVIDIA from $192.00 to $205.00 and gave the stock an “outperform” rating in a research report on Thursday, August 14th. Stifel Nicolaus raised their price target on NVIDIA from $202.00 to $212.00 and gave the stock a “buy” rating in a research report on Monday. Barclays raised their price target on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 17th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $225.00 target price (up from $185.00) on shares of NVIDIA in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on NVIDIA from $170.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday. Four research 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $207.69.

NVIDIA Trading Down 0.8%

NVDA opened at $180.17 on Thursday. NVIDIA has a 52 week low of $86.62 and a 52 week high of $184.48. The business has a fifty day simple moving average of $170.22 and a 200-day simple moving average of $138.74. The firm has a market cap 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 quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

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

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.01 dividend. The ex-dividend date is Thursday, September 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%.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $179.76, for a total value of $13,482,000.00. Following the sale, the chief executive officer directly owned 72,848,225 shares in the company, valued at $13,095,196,926. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. This 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 sold 5,862,440 shares of company stock worth $896,145,782. 4.17% of the stock is owned by insiders.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Morton Brown Family Wealth LLC grew its position in NVIDIA by 1.5% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock worth $621,000 after purchasing an additional 58 shares during the last quarter. Roof Eidam Maycock Peralta LLC grew its position in NVIDIA by 0.3% in the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker’s stock worth $3,302,000 after purchasing an additional 58 shares during the last quarter. Alpha Wealth Funds LLC grew its position in NVIDIA by 1.3% in the 2nd quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker’s stock worth $732,000 after purchasing an additional 59 shares during the last quarter. Copia Wealth Management grew its position in NVIDIA by 14.7% in the 2nd quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock worth $74,000 after purchasing an additional 60 shares during the last quarter. Finally, BKM Wealth Management LLC grew its position in NVIDIA by 1.1% in the 2nd quarter. BKM Wealth Management LLC now owns 5,745 shares of the computer hardware maker’s stock worth $908,000 after purchasing an additional 60 shares during the last quarter. 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.