NVIDIA (NASDAQ:NVDA) Price Target Raised to $220.00 at Benchmark

NVIDIA (NASDAQ:NVDA) had its price objective raised by Benchmark from $190.00 to $220.00 in a research report report published on Thursday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the computer hardware maker’s stock.

Several other analysts have also recently commented on NVDA. Needham & Company LLC raised their target price on shares of NVIDIA from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Citigroup reiterated a “buy” rating and issued a $210.00 price target (up previously from $190.00) on shares of NVIDIA in a report on Thursday. Barclays raised their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, June 17th. UBS Group raised their target price on shares of NVIDIA from $175.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $240.00 price target (up from $200.00) on shares of NVIDIA in a research note on Monday, August 18th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $207.69.

NVIDIA Trading Down 0.8%

Shares of NVIDIA stock opened at $180.17 on Thursday. The stock has a market cap of $4.40 trillion, a price-to-earnings ratio of 51.33, a PEG ratio of 1.59 and a beta of 2.14. The company has a fifty day simple moving average of $170.22 and a 200-day simple moving average of $138.74. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA has a 12-month low of $86.62 and a 12-month high of $184.48.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm 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%. NVIDIA’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts forecast that NVIDIA will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid 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 is Thursday, September 11th. NVIDIA’s payout ratio is 1.29%.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 27,640 shares of NVIDIA 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. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the completion of the sale, the chief executive officer owned 72,848,225 shares of the company’s stock, valued at approximately $13,095,196,926. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,862,440 shares of company stock valued at $896,145,782. Insiders own 4.17% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds have recently added to or reduced their stakes in the business. Prospera Capital Management LLC boosted its holdings in NVIDIA by 0.8% in the second quarter. Prospera Capital Management LLC now owns 20,960 shares of the computer hardware maker’s stock worth $3,312,000 after purchasing an additional 175 shares during the period. Stark Wealth Management LLC acquired a new position in NVIDIA in the second quarter worth $416,000. Midwestern Financial LLC IA acquired a new position in NVIDIA in the second quarter worth $1,374,000. Cypress Capital Advisors LLC boosted its holdings in NVIDIA by 2.4% in the second quarter. Cypress Capital Advisors LLC now owns 3,350 shares of the computer hardware maker’s stock worth $529,000 after purchasing an additional 77 shares during the period. Finally, Tribridge Partners Financial LLC acquired a new position in NVIDIA in the second quarter worth $256,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

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.