NVIDIA (NASDAQ:NVDA) Given New $350.00 Price Target at Loop Capital

NVIDIA (NASDAQ:NVDA) had its target price raised by Loop Capital from $250.00 to $350.00 in a research report released on Monday, Marketbeat.com reports. They currently have a buy rating on the computer hardware maker’s stock.

A number of other brokerages have also issued reports on NVDA. Barclays reiterated an “overweight” rating and set a $240.00 price target (up from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Rosenblatt Securities boosted their price target on shares of NVIDIA from $215.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group reiterated a “buy” rating and set a $240.00 price target (up from $210.00) on shares of NVIDIA in a research note on Friday. Evercore ISI set a $261.00 price target on shares of NVIDIA and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Finally, Daiwa Capital Markets boosted their price target on shares of NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Five research analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $233.25.

NVIDIA Stock Up 2.2%

Shares of NVDA opened at $206.88 on Monday. The firm has a market cap of $5.03 trillion, a P/E ratio of 58.94, a price-to-earnings-growth ratio of 1.49 and a beta of 2.12. NVIDIA has a 12-month low of $86.62 and a 12-month high of $212.19. The company’s 50-day moving average price is $182.38 and its 200 day moving average price is $160.79. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA’s revenue was up 55.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts forecast that NVIDIA will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio is presently 1.14%.

Insider Buying and Selling

In related news, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $181.42, for a total transaction of $5,014,448.80. Following the sale, the chief financial officer directly owned 2,855,762 shares in the company, valued at approximately $518,092,342.04. This represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the sale, the chief executive officer owned 69,733,203 shares in the company, valued at $14,498,230,235.73. The trade was a 0.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,578,937 shares of company stock worth $641,069,346 over the last 90 days. Insiders own 4.17% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbor Asset Planning Inc. acquired a new position in NVIDIA in the second quarter valued at approximately $28,000. Winnow Wealth LLC acquired a new stake in shares of NVIDIA during the second quarter worth about $32,000. Longfellow Investment Management Co. LLC increased its position in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares in the last quarter. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA during the second quarter worth about $40,000. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of NVIDIA during the third quarter worth about $50,000. 65.27% of the stock is 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.