NVIDIA (NASDAQ:NVDA) Price Target Raised to $275.00

NVIDIA (NASDAQ:NVDA) had its price objective upped by KeyCorp from $250.00 to $275.00 in a report published on Thursday morning, Marketbeat reports. They currently have an overweight rating on the computer hardware maker’s stock.

A number of other equities research analysts have also issued reports on NVDA. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 target price on shares of NVIDIA in a research note on Wednesday, October 29th. Daiwa Capital Markets upped their price objective on NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. TD Cowen increased their target price on NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, August 19th. Bank of America boosted their price target on NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Piper Sandler set a $225.00 price objective on NVIDIA and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, NVIDIA presently has an average rating of “Buy” and a consensus price target of $257.79.

NVIDIA Price Performance

NVDA stock opened at $178.88 on Thursday. 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 52-week low of $86.62 and a 52-week high of $212.19. The stock’s 50 day moving average is $186.46 and its two-hundred day moving average is $168.41. The company has a market capitalization of $4.35 trillion, a PE ratio of 50.96, a P/E/G ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating the consensus estimate 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 return on equity of 101.74% and a net margin of 52.41%.The business’s revenue was up 62.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. Analysts predict that NVIDIA will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction 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. The trade was a 0.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,251,577 shares of company stock worth $583,143,187. Insiders own 4.17% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVDA. Kingstone Capital Partners Texas LLC lifted its holdings in NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after purchasing an additional 382,231,120 shares during the period. Norges Bank bought a new stake in shares of NVIDIA during the 2nd quarter worth about $51,386,863,000. Nuveen LLC bought a new stake in shares of NVIDIA during the 1st quarter worth about $15,089,414,000. Goldman Sachs Group Inc. lifted its stake in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. Finally, Capital Research Global Investors boosted its holdings in shares of NVIDIA by 16.1% in the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock valued at $30,855,564,000 after acquiring an additional 22,896,705 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

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.