NVIDIA Corporation (NASDAQ:NVDA - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $184.55 and last traded at $183.08, with a volume of 173955231 shares changing hands. The stock had previously closed at $176.67.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the stock. Evercore ISI raised their price target on shares of NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday. Citigroup lowered their target price on shares of NVIDIA from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, September 8th. Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Jefferies Financial Group reiterated a "buy" rating on shares of NVIDIA in a research note on Friday, September 12th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $225.00 target price (up from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $208.76.
Check Out Our Latest Stock Report on NVIDIA
NVIDIA Stock Down 2.7%
The stock has a market capitalization of $4.34 trillion, a P/E ratio of 50.88, a P/E/G ratio of 1.28 and a beta of 2.10. The firm's fifty day moving average is $176.12 and its 200-day moving average is $144.35. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.
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, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the firm posted $0.68 EPS. The firm's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.
Insider Activity
In related news, Director Mark A. Stevens sold 297,797 shares of NVIDIA stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the completion of the transaction, the director directly owned 7,749,803 shares of the company's stock, valued at $1,380,937,396.57. This trade represents a 3.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,109,874 shares of company stock valued at $698,280,697. Company insiders own 4.17% of the company's stock.
Hedge Funds Weigh In On NVIDIA
A number of institutional investors have recently modified their holdings of the stock. Harbor Asset Planning Inc. bought a new stake in shares of NVIDIA during the second quarter worth approximately $28,000. Winnow Wealth LLC bought a new stake in shares of NVIDIA during the 2nd quarter valued at $32,000. Longfellow Investment Management Co. LLC raised 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 acquiring an additional 67 shares during the last quarter. Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA during the 2nd quarter valued at $40,000. Finally, Kathleen S. Wright Associates Inc. raised its position 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 valued at $44,000 after acquiring an additional 254 shares during the last quarter. 65.27% of the stock is owned by institutional investors.
About NVIDIA
(
Get Free Report)
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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