NVIDIA (NASDAQ:NVDA) Reaches New 12-Month High - Here's What Happened

Key Points

• NVIDIA's stock reached a new 52-week high of $192.61, closing at $192.25, with significant trading volume of over 7.6 million shares.
• Analysts have expressed bullish sentiments, with Cantor Fitzgerald setting a target price of $300 and a consensus rating of "Moderate Buy," highlighting strong investor confidence.
• The company reported a quarterly earnings per share of $1.05, exceeding expectations, with revenue increasing by 55.6% year-over-year to $46.74 billion.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $192.61 and last traded at $192.25, with a volume of 7670311 shares traded. The stock had previously closed at $189.11.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald set a $300.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a report on Thursday. Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Wedbush reaffirmed an "outperform" rating and issued a $210.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Rosenblatt Securities reissued a "buy" rating and issued a $215.00 price target on shares of NVIDIA in a research report on Tuesday, September 23rd. Finally, Stifel Nicolaus raised their target price on shares of NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $212.84.

NVIDIA Trading Up 1.8%

The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company has a market cap of $4.68 trillion, a PE ratio of 54.86, a price-to-earnings-growth ratio of 1.34 and a beta of 2.12. The company's 50 day simple moving average is $178.67 and its two-hundred day simple moving average is $149.57.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA's quarterly revenue was up 55.6% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Friday, July 25th. The shares were sold at an average price of $173.88, for a total transaction of $13,041,000.00. Following the transaction, the chief executive officer owned 73,973,225 shares in the company, valued at $12,862,464,363. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,898,491 shares of company stock valued at $686,333,234 in the last quarter. 4.17% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NVIDIA

A number of institutional investors have recently made changes to their positions in NVDA. Harbor Asset Planning Inc. bought a new position in NVIDIA in the second quarter worth about $28,000. Winnow Wealth LLC bought a new stake in shares of NVIDIA in the 2nd quarter worth approximately $32,000. Longfellow Investment Management Co. LLC boosted its position in 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 purchasing an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new stake in NVIDIA in the second quarter worth $40,000. Finally, Kathleen S. Wright Associates Inc. lifted its stake in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

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.

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