NVIDIA (NASDAQ:NVDA) Hits New 1-Year High - What's Next?

Key Points

• NVIDIA's share price hit a new 52-week high of $185.51, with significant trading volume of over 50 million shares.
• Analysts have set new price targets for NVIDIA, with most ratings being positive; four analysts rated it as a Strong Buy, while the consensus target price is $211.00.
• The company recently disclosed a dividend of $0.01 per share, with a yield of 0.0%, and a payout ratio of 1.14%.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $184.94 and last traded at $185.51, with a volume of 50883959 shares traded. The stock had previously closed at $181.85.

Analysts Set New Price Targets

NVDA has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $215.00 price objective on shares of NVIDIA in a research report on Tuesday, September 23rd. Wolfe Research raised their price target on shares of NVIDIA from $220.00 to $230.00 in a report on Tuesday, September 23rd. BNP Paribas raised shares of NVIDIA to a "hold" rating in a research note on Friday, August 1st. Benchmark increased their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $220.00 target price (up from $205.00) on shares of NVIDIA in a research note on Monday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $211.00.

NVIDIA Price Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The business has a 50 day simple moving average of $176.81 and a 200-day simple moving average of $146.62. The firm has a market cap of $4.52 trillion, a price-to-earnings ratio of 52.90, a P/E/G ratio of 1.29 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. NVIDIA's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the sale, the chief financial officer directly owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. This trade represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction on Thursday, September 18th. The stock was 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 directly 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,148,818 shares of company stock worth $720,112,070. Company insiders own 4.17% of the company's stock.

Hedge Funds Weigh In On NVIDIA

Several institutional investors have recently added to or reduced their stakes in the stock. Harbor Asset Planning Inc. bought a new stake in shares of NVIDIA in the 2nd quarter worth approximately $28,000. Winnow Wealth LLC bought a new stake in shares of NVIDIA in the second quarter valued at $32,000. Longfellow Investment Management Co. LLC lifted its position in shares of NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after buying an additional 67 shares during the last quarter. Spurstone Advisory Services LLC purchased a new position in shares of NVIDIA during the 2nd quarter valued at $40,000. Finally, Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the period. Institutional investors own 65.27% of the company's stock.

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.

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