NVIDIA (NASDAQ:NVDA) Price Target Raised to $230.00

NVIDIA (NASDAQ:NVDA) had its price target raised by Wedbush from $210.00 to $230.00 in a report released on Thursday,Benzinga reports. Wedbush currently has an outperform rating on the computer hardware maker’s stock.

A number of other research analysts have also weighed in on NVDA. Mizuho raised their price target on shares of NVIDIA from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday. HSBC set a $320.00 target price on NVIDIA and gave the company a “buy” rating in a research report on Wednesday, October 15th. DA Davidson set a $250.00 price target on NVIDIA and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Morgan Stanley increased their price objective on NVIDIA from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on shares of NVIDIA from $215.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Buy” and an average target price of $257.79.

NVIDIA Trading Down 1.0%

Shares of NVDA stock opened at $178.88 on Thursday. NVIDIA has a 1-year low of $86.62 and a 1-year high of $212.19. The company has a market cap of $4.35 trillion, a price-to-earnings ratio of 50.96, a PEG ratio of 1.49 and a beta of 2.11. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The stock has a 50 day simple moving average of $186.46 and a 200-day simple moving average of $168.41.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. The company had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm’s revenue was up 62.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. On average, equities research analysts expect 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 Friday, December 26th. Stockholders of record on Thursday, December 4th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s payout ratio is currently 0.99%.

Insider Activity

In other NVIDIA news, 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 transaction of $5,758,241.20. Following the transaction, the chief financial officer directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,251,577 shares of company stock valued at $583,143,187. 4.17% of the stock is owned by company insiders.

Institutional Investors Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. State Street Corp lifted its position in NVIDIA by 1.0% in the second quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock valued at $154,556,803,000 after buying an additional 9,554,857 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of NVIDIA by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock valued at $91,150,170,000 after acquiring an additional 8,521,936 shares during the period. Kingstone Capital Partners Texas LLC raised its stake in shares of NVIDIA by 267,959.7% in 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 acquiring an additional 382,231,120 shares during the period. Norges Bank acquired a new position in shares of NVIDIA in the 2nd quarter worth approximately $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of NVIDIA by 2.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock worth $22,412,434,000 after purchasing an additional 5,896,735 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

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.