NVIDIA’s (NVDA) “Outperform” Rating Reiterated at Oppenheimer

Oppenheimer restated their outperform rating on shares of NVIDIA (NASDAQ:NVDA) in a research report sent to investors on Thursday,Benzinga reports. Oppenheimer currently has a $265.00 price objective on the computer hardware maker’s stock.

A number of other brokerages have also commented on NVDA. Evercore ISI set a $352.00 target price on NVIDIA and gave the company an “outperform” rating in a research report on Thursday. Seaport Global Securities boosted their price objective on NVIDIA from $100.00 to $140.00 and gave the company a “sell” rating in a report on Monday, November 17th. Citic Securities upped their target price on NVIDIA from $237.00 to $242.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of NVIDIA from $215.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Truist Financial boosted their price target on shares of NVIDIA from $228.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $257.79.

NVIDIA Stock Performance

Shares of 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 firm has a 50 day moving average of $186.46 and a 200-day moving average of $168.41. The company has a market cap 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 (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS 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 during the quarter, compared to analysts’ expectations of $54.66 billion. During the same period last year, the company posted $0.81 earnings per share. The business’s quarterly revenue was up 62.5% on a year-over-year basis. NVIDIA has set its Q4 2026 guidance at EPS. On average, equities analysts forecast that NVIDIA will post 2.77 earnings per share for the current 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 dividend of $0.01 per share. 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%.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction on 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 approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the transaction, the chief executive officer owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 3,251,577 shares of company stock valued at $583,143,187. 4.17% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

Institutional investors have recently bought and sold shares of the stock. Harbor Asset Planning Inc. purchased a new position in shares of NVIDIA in the second quarter worth $28,000. Winnow Wealth LLC bought a new stake in NVIDIA in the 2nd quarter worth $32,000. Longfellow Investment Management Co. LLC increased its position in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after acquiring an additional 67 shares during the period. Spurstone Advisory Services LLC purchased a new position in shares of NVIDIA in the second quarter valued at about $40,000. Finally, Kathleen S. Wright Associates Inc. raised its stake in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares during 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.