NVIDIA (NASDAQ:NVDA) Price Target Raised to $250.00

NVIDIA (NASDAQ:NVDA) had its price objective upped by Benchmark from $220.00 to $250.00 in a report published on Thursday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the computer hardware maker’s stock.

NVDA has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their target price on NVIDIA from $215.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday. Evercore ISI set a $261.00 price objective on shares of NVIDIA and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. President Capital increased their price objective on shares of NVIDIA from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Sanford C. Bernstein lifted their target price on shares of NVIDIA from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Robert W. Baird increased their price target on shares of NVIDIA from $195.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $257.79.

NVIDIA Stock Down 1.0%

Shares of NASDAQ NVDA opened at $178.88 on Thursday. The stock has a market capitalization of $4.35 trillion, a price-to-earnings ratio of 50.96, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. NVIDIA has a 52 week low of $86.62 and a 52 week high of $212.19. The firm has a 50-day moving average price of $186.46 and a 200 day moving average price of $168.41. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

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

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be paid 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, December 4th. NVIDIA’s payout ratio is presently 0.99%.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the sale, the chief executive officer directly owned 72,248,366 shares of the company’s stock, valued at approximately $12,829,142,350.62. This trade represents a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,251,577 shares of company stock valued at $583,143,187 in the last quarter. 4.17% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors have recently bought and sold shares of the stock. Astoria Portfolio Advisors LLC. increased its holdings in NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock valued at $9,610,000 after purchasing an additional 864 shares in the last quarter. Fielder Capital Group LLC boosted its position in shares of NVIDIA by 9.7% in the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock worth $5,470,000 after buying an additional 4,444 shares during the period. MADDEN SECURITIES Corp grew its stake in shares of NVIDIA by 3.2% in the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after buying an additional 2,484 shares in the last quarter. ORG Wealth Partners LLC raised its holdings in shares of NVIDIA by 7.7% during the 2nd quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock valued at $7,560,000 after buying an additional 3,542 shares during the period. Finally, Sentinel Pension Advisors LLC lifted its position in NVIDIA by 4.1% during the 2nd quarter. Sentinel Pension Advisors LLC now owns 2,743 shares of the computer hardware maker’s stock worth $433,000 after acquiring an additional 107 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

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.