NVIDIA (NASDAQ:NVDA) Trading Up 2.8% Following Better-Than-Expected Earnings

NVIDIA Corporation (NASDAQ:NVDA)’s share price shot up 2.8% during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $187.86 and last traded at $186.52. 211,418,169 shares traded hands during trading, a decline of 6% from the average session volume of 224,981,906 shares. The stock had previously closed at $181.36.

The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. The company’s quarterly revenue was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent analyst reports. Hsbc Global Res raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Wolfe Research set a $230.00 price target on NVIDIA and gave the company an “outperform” rating in a research note on Tuesday, October 28th. New Street Research restated a “buy” rating and set a $307.00 price target on shares of NVIDIA in a research note on Thursday, October 30th. TD Cowen increased their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, August 19th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of NVIDIA in a research note on Thursday, November 13th. Five analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, NVIDIA presently has an average rating of “Buy” and a consensus price target of $240.49.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction dated 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 directly owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. This trade represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $208.33, for a total value of $5,758,241.20. Following the transaction, the chief financial officer owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. The trade was a 0.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,251,577 shares of company stock worth $583,143,187 in the last quarter. Company insiders own 4.17% of the company’s stock.

Institutional Trading of NVIDIA

Several hedge funds and other institutional investors have recently bought and sold shares of NVDA. Kingstone Capital Partners Texas LLC increased its holdings 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 valued at $64,976,521,000 after purchasing an additional 382,231,120 shares in the last quarter. Norges Bank purchased a new stake in NVIDIA during the second quarter worth $51,386,863,000. Nuveen LLC acquired a new stake in NVIDIA during the first quarter valued at $15,089,414,000. Goldman Sachs Group Inc. increased its holdings in NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after buying an additional 103,889,872 shares in the last quarter. Finally, Capital Research Global Investors increased its holdings in NVIDIA by 16.1% in the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock valued at $30,855,564,000 after buying an additional 22,896,705 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Performance

The business’s 50-day simple moving average is $186.37 and its two-hundred day simple moving average is $167.48. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm has a market cap of $4.53 trillion, a price-to-earnings ratio of 53.14, a P/E/G ratio of 1.49 and a beta of 2.11.

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.