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

NVIDIA (NASDAQ:NVDA) had its price objective upped by Wolfe Research from $230.00 to $250.00 in a report issued on Thursday,MarketScreener reports. They currently have an outperform rating on the computer hardware maker’s stock.

Several other equities analysts have also issued reports on the company. Evercore ISI set a $352.00 price target on NVIDIA and gave the company an “outperform” rating in a research note on Thursday. Sanford C. Bernstein lifted their target price on NVIDIA from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday. The Goldman Sachs Group reissued a “buy” rating and set a $240.00 target price (up previously from $210.00) on shares of NVIDIA in a research note on Friday, October 31st. Oppenheimer raised their price target on shares of NVIDIA from $225.00 to $265.00 and gave the company an “outperform” rating in a research note on Thursday, November 13th. Finally, Hsbc Global Res upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Four research 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 company’s stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Buy” and a consensus target price of $257.79.

NVIDIA Trading Down 1.0%

Shares of NVIDIA stock opened at $178.88 on Thursday. The firm’s 50-day moving average price is $186.46 and its two-hundred day moving average price is $168.41. The company has a market capitalization 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 quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA has a 12-month low of $86.62 and a 12-month high of $212.19.

NVIDIA (NASDAQ:NVDA) last issued 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 net margin of 52.41% and a return on equity of 101.74%. The firm’s quarterly revenue was up 62.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. On average, analysts forecast that NVIDIA will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction dated 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 transaction, the director directly owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated 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 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 90 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

A number of hedge funds and other institutional investors have recently made changes to their positions in NVDA. Harbor Asset Planning Inc. acquired a new stake in shares of NVIDIA during the second quarter worth $28,000. Winnow Wealth LLC bought a new stake in NVIDIA during the second quarter valued at $32,000. Longfellow Investment Management Co. LLC grew its holdings in NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new stake in NVIDIA during the 2nd quarter worth about $40,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of NVIDIA in the 3rd 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.