NVIDIA (NASDAQ:NVDA) Shares Up 1% - Time to Buy?

Key Points

• NVIDIA shares rose by 1% during Thursday trading, with a last recorded price of $182.16, reflecting a significant decline in trading volume compared to the average.
• Analysts have been bullish on NVIDIA, with several upgrading their price targets, including Mizuho, which raised its target to $225.00, resulting in a consensus target price of $222.23.
• The company reported a 55.6% year-over-year revenue increase to $46.74 billion in its last quarterly earnings, surpassing expectations with earnings per share of $1.05.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) shot up 1% during trading on Thursday . The company traded as high as $183.03 and last traded at $182.16. 110,014,837 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 227,288,391 shares. The stock had previously closed at $180.28.

Analyst Upgrades and Downgrades

NVDA has been the topic of several research reports. Mizuho upped their price target on shares of NVIDIA from $205.00 to $225.00 and gave the company an "outperform" rating in a research note on Monday, October 13th. Needham & Company LLC restated a "buy" rating and set a $200.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. DA Davidson raised NVIDIA from a "neutral" rating to a "buy" rating and increased their price target for the stock from $195.00 to $210.00 in a research report on Thursday, September 11th. Hsbc Global Res raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 15th. Finally, Evercore ISI increased their target price on NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NVIDIA currently has an average rating of "Buy" and a consensus target price of $222.23.

NVIDIA Price Performance

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 stock has a market cap of $4.43 trillion, a price-to-earnings ratio of 51.90, a price-to-earnings-growth ratio of 1.31 and a beta of 2.12. The business's 50-day simple moving average is $179.34 and its two-hundred day simple moving average is $154.61.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating 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 company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter last year, the business posted $0.68 EPS. NVIDIA's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $183.38, for a total transaction of $13,753,500.00. Following the sale, the chief executive officer directly owned 70,108,203 shares in the company, valued at $12,856,442,266.14. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 3,753,937 shares of company stock worth $669,548,776. 4.17% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds have recently modified their holdings of the business. Harbor Asset Planning Inc. acquired a new position in shares of NVIDIA in the 2nd quarter worth approximately $28,000. Winnow Wealth LLC acquired a new position in NVIDIA in the second quarter valued at $32,000. Longfellow Investment Management Co. LLC lifted its holdings in 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 buying an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new position in NVIDIA in the second quarter valued at $40,000. Finally, Kathleen S. Wright Associates Inc. lifted its holdings 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 period. Institutional investors and hedge funds 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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