NVIDIA (NASDAQ:NVDA) Price Target Raised to $245.00

NVIDIA (NASDAQ:NVDA) had its price objective upped by Mizuho from $235.00 to $245.00 in a research note released on Thursday, Marketbeat reports. The brokerage currently has an outperform rating on the computer hardware maker’s stock.

A number of other analysts have also recently issued reports on the stock. Robert W. Baird lifted their target price on shares of NVIDIA from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. President Capital raised their price target on shares of NVIDIA from $210.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 30th. BNP Paribas raised shares of NVIDIA to a “hold” rating in a research note on Friday, August 1st. Craig Hallum increased their target price on shares of NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Finally, Hsbc Global Res upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Four analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NVIDIA has an average rating of “Buy” and a consensus price target of $257.79.

NVIDIA Price Performance

NVDA opened at $178.88 on Thursday. 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 has a 1 year low of $86.62 and a 1 year high of $212.19. The stock has a fifty day moving average price of $186.46 and a 200 day moving average price of $168.41. The stock 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.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The company had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business’s quarterly revenue was up 62.5% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. Analysts forecast that NVIDIA will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is currently 0.99%.

Insider Transactions at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the sale, the chief executive officer directly owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This trade represents a 0.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,251,577 shares of company stock worth $583,143,187. Company insiders own 4.17% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sulzberger Capital Advisors Inc. raised its stake in NVIDIA by 0.7% during the 3rd quarter. Sulzberger Capital Advisors Inc. now owns 33,601 shares of the computer hardware maker’s stock valued at $6,269,000 after purchasing an additional 232 shares during the last quarter. Kensington Investment Counsel LLC grew its position in NVIDIA by 7.6% in the 3rd quarter. Kensington Investment Counsel LLC now owns 28,461 shares of the computer hardware maker’s stock worth $5,310,000 after purchasing an additional 2,011 shares during the last quarter. Old North State Trust LLC increased its holdings in shares of NVIDIA by 0.4% during the 3rd quarter. Old North State Trust LLC now owns 47,146 shares of the computer hardware maker’s stock worth $8,797,000 after purchasing an additional 183 shares during the period. Portus Wealth Advisors LLC acquired a new position in shares of NVIDIA during the third quarter valued at about $2,655,000. Finally, Centaurus Financial Inc. bought a new stake in shares of NVIDIA in the third quarter valued at about $63,589,000. Institutional investors 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.