NVIDIA (NASDAQ:NVDA) Shares Up 2.1% on Analyst Upgrade

Shares of NVIDIA Corporation (NASDAQ:NVDA) shot up 2.1% during mid-day trading on Monday after Raymond James Financial upgraded the stock to a strong-buy rating. The stock traded as high as $183.50 and last traded at $182.55. 249,708,723 shares were traded during trading, an increase of 10% from the average session volume of 226,293,906 shares. The stock had previously closed at $178.88.

A number of other research firms also recently weighed in on NVDA. Hsbc Global Res upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. New Street Research reissued a “buy” rating and set a $307.00 price target on shares of NVIDIA in a research note on Thursday, October 30th. BNP Paribas Exane boosted their price objective on shares of NVIDIA from $240.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. President Capital increased their target price on shares of NVIDIA from $210.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, DA Davidson reiterated a “buy” rating and issued a $250.00 target price on shares of NVIDIA in a research report on Thursday, November 20th. Four analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $257.79.

Insider Buying and Selling at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on 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 sale, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,251,577 shares of company stock valued at $583,143,187 in the last 90 days. Insiders own 4.17% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of large investors have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC increased its stake in shares of NVIDIA by 267,959.7% in the 2nd 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 acquiring an additional 382,231,120 shares in the last quarter. Norges Bank purchased a new stake in NVIDIA in the second quarter worth about $51,386,863,000. Nuveen LLC bought a new position in shares of NVIDIA during the first quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. lifted its holdings in shares of NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after purchasing an additional 103,889,872 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in shares of NVIDIA by 16.1% in the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock worth $30,855,564,000 after purchasing an additional 22,896,705 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

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 cap of $4.44 trillion, a PE ratio of 52.01, a P/E/G ratio of 1.49 and a beta of 2.11. The firm has a 50 day moving average of $186.56 and a two-hundred day moving average of $169.23.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. The business had revenue of $57.01 billion for 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 previous year, the company posted $0.81 earnings per share. NVIDIA has set its Q4 2026 guidance at EPS. Research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

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.