NVIDIA (NASDAQ:NVDA) Trading 3.5% Higher on Analyst Upgrade

NVIDIA Corporation (NASDAQ:NVDA) shares traded up 3.5% on Thursday after New Street Research raised their price target on the stock from $200.00 to $235.00. New Street Research currently has a buy rating on the stock. NVIDIA traded as high as $177.10 and last traded at $176.24. 190,075,420 shares changed hands during trading, a decline of 19% from the average session volume of 234,607,750 shares. The stock had previously closed at $170.29.

Several other research firms also recently weighed in on NVDA. Jefferies Financial Group upped their price target on shares of NVIDIA from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Evercore ISI increased their price objective on shares of NVIDIA from $190.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, August 22nd. Barclays increased their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, June 17th. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the company an “overweight” rating in a report on Wednesday, August 13th. Finally, Mizuho increased their price objective on shares of NVIDIA from $192.00 to $205.00 and gave the company an “outperform” rating in a report on Thursday, August 14th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $208.47.

Insider Activity

In other news, Director Stephen C. Neal sold 28,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $177.58, for a total transaction of $4,972,240.00. Following the completion of the sale, the director owned 143,410 shares in the company, valued at $25,466,747.80. This trade represents a 16.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dawn E. Hudson sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the sale, the director owned 368,887 shares of the company’s stock, valued at $63,448,564. This represents a 4.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,819,522 shares of company stock worth $642,506,300 over the last quarter. 4.17% of the stock is currently owned by corporate insiders.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently made changes to their positions in NVDA. Kingstone Capital Partners Texas LLC boosted its position in shares of NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after purchasing an additional 382,231,120 shares during the period. Norges Bank purchased a new position in shares of NVIDIA during the 2nd quarter worth approximately $51,386,863,000. Nuveen LLC purchased a new position in shares of NVIDIA during the 1st quarter worth approximately $15,089,414,000. Goldman Sachs Group Inc. boosted its position in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The stock has a market cap of $4.28 trillion, a PE ratio of 50.21, a PEG ratio of 1.23 and a beta of 2.10. The stock’s 50-day moving average is $175.50 and its two-hundred day moving average is $143.02.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same quarter last year, the company posted $0.68 EPS. The firm’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 predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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 given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is currently 1.14%.

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.