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

NVIDIA (NASDAQ:NVDA) had its price objective boosted by Sanford C. Bernstein from $255.00 to $275.00 in a report released on Thursday, MarketBeat reports. The firm currently has an outperform rating on the computer hardware maker’s stock.

Other analysts have also recently issued reports about the company. President Capital increased their target price on NVIDIA from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Evercore ISI set a $261.00 price target on shares of NVIDIA and gave the company an “outperform” rating in a report on Wednesday, October 29th. New Street Research restated a “buy” rating and set a $307.00 price objective on shares of NVIDIA in a report on Thursday, October 30th. Hsbc Global Res raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Finally, Jefferies Financial Group increased their target price on NVIDIA from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Four 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $257.79.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $178.88 on Thursday. The stock’s fifty day simple moving average is $186.46 and its 200 day simple moving average is $168.41. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $4.35 trillion, a PE ratio of 50.96, a PEG ratio of 1.49 and a beta of 2.11. NVIDIA has a 12 month low of $86.62 and a 12 month high of $212.19.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 earnings per share. NVIDIA has set its Q4 2026 guidance at EPS. On average, research analysts predict that NVIDIA will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the sale, the chief executive officer owned 69,733,203 shares in the company, valued at approximately $14,498,230,235.73. This represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $208.33, for a total value of $5,758,241.20. Following the transaction, the chief financial officer directly owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 3,251,577 shares of company stock worth $583,143,187. 4.17% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVIDIA

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sulzberger Capital Advisors Inc. increased its holdings 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 worth $6,269,000 after buying an additional 232 shares during the last quarter. Kensington Investment Counsel LLC grew its position in shares of NVIDIA by 7.6% in 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 grew its position in shares of 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 valued at $8,797,000 after acquiring an additional 183 shares during the period. Portus Wealth Advisors LLC acquired a new position in shares of NVIDIA during the 3rd quarter worth about $2,655,000. Finally, Centaurus Financial Inc. bought a new stake in shares of NVIDIA in the 3rd quarter valued at about $63,589,000. 65.27% of the stock is 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.