NVIDIA (NASDAQ:NVDA) Price Target Raised to $270.00

NVIDIA (NASDAQ:NVDA) had its target price raised by Citigroup from $220.00 to $270.00 in a research note issued to investors on Thursday morning, MarketBeat.com reports. They currently have a buy rating on the computer hardware maker’s stock.

Other analysts also recently issued research reports about the company. KeyCorp restated an “overweight” rating and issued a $250.00 price target on shares of NVIDIA in a research note on Friday, November 14th. Oppenheimer boosted their target price on NVIDIA from $225.00 to $265.00 and gave the stock an “outperform” rating in a report on Thursday, November 13th. TD Cowen increased their target price on NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, August 19th. Stifel Nicolaus lifted their price target on NVIDIA from $212.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Finally, BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a research note on Friday, August 1st. Four equities 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $257.79.

NVIDIA Stock Down 1.0%

Shares of NVIDIA 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 firm 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 50-day moving average of $186.46 and a 200 day moving average of $168.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. The business’s revenue was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. As a group, sell-side analysts anticipate that NVIDIA will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s payout ratio is 0.99%.

Insider Buying and Selling at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the sale, the director owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’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 transaction of $13,317,750.00. Following the transaction, the chief executive officer directly owned 72,248,366 shares of the company’s stock, valued at $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In 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.

Institutional Investors Weigh In On NVIDIA

Large investors have recently made changes to their positions in the company. Sulzberger Capital Advisors Inc. grew its position in NVIDIA by 0.7% during the third quarter. Sulzberger Capital Advisors Inc. now owns 33,601 shares of the computer hardware maker’s stock valued at $6,269,000 after buying an additional 232 shares during the period. Kensington Investment Counsel LLC grew its stake in shares of NVIDIA by 7.6% during the 3rd quarter. Kensington Investment Counsel LLC now owns 28,461 shares of the computer hardware maker’s stock valued at $5,310,000 after acquiring an additional 2,011 shares during the period. Old North State Trust LLC increased its holdings in NVIDIA by 0.4% in 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 acquiring an additional 183 shares in the last quarter. Portus Wealth Advisors LLC bought a new stake in NVIDIA during the 3rd quarter worth approximately $2,655,000. Finally, Centaurus Financial Inc. bought a new stake in NVIDIA during the 3rd quarter worth approximately $63,589,000. 65.27% of the stock is currently owned by 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.