NVIDIA (NASDAQ:NVDA) Trading 1.7% Higher on Analyst Upgrade

Key Points

• NVIDIA's shares rose **1.7%** following an upgrade from Wall Street Zen, moving from a hold to a buy rating.
• Multiple analysts have recently increased their price targets for NVIDIA, with estimates ranging from **$205.00** to **$240.00** per share, indicating strong bullish sentiment.
• The company announced a **quarterly dividend** of $0.01 per share, to be paid on October 2nd, reflecting a modest but ongoing commitment to returning value to shareholders.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report)'s stock price shot up 1.7% during trading on Monday after DA Davidson upgraded the stock from a neutral rating to a buy rating. DA Davidson now has a $210.00 price target on the stock, up from their previous price target of $195.00. NVIDIA traded as high as $170.96 and last traded at $169.92. 61,235,955 shares were traded during trading, a decline of 74% from the average session volume of 237,031,797 shares. The stock had previously closed at $167.02.

Several other equities research analysts have also commented on the company. Citigroup cut their price objective on NVIDIA from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday. Wells Fargo & Company boosted their price objective on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Piper Sandler set a $225.00 price objective on NVIDIA and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. BNP Paribas upgraded NVIDIA to a "hold" rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and set a $215.00 price objective on shares of NVIDIA in a research note on Thursday, September 4th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $207.83.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 608,248 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total value of $88,354,104.48. Following the completion of the transaction, the director directly owned 8,247,600 shares in the company, valued at approximately $1,198,046,376. This represents a 6.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,907,755 shares of company stock worth $633,253,430. Company insiders own 4.17% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NVDA. Kingstone Capital Partners Texas LLC lifted its stake in NVIDIA by 267,959.7% during the second 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 purchasing an additional 382,231,120 shares in the last quarter. Norges Bank acquired a new stake in shares of NVIDIA in the second quarter valued at $51,386,863,000. Nuveen LLC acquired a new stake in shares of NVIDIA in the first quarter valued at $15,089,414,000. Goldman Sachs Group Inc. raised its stake in shares of NVIDIA by 123.5% in 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 acquiring an additional 103,889,872 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after acquiring an additional 48,439,859 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

The firm has a market capitalization of $4.32 trillion, a price-to-earnings ratio of 50.66, a PEG ratio of 1.29 and a beta of 2.10. 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 firm has a 50 day moving average price of $174.05 and a 200-day moving average price of $141.23.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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. The business 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%.The company's revenue for the quarter was up 55.6% compared to the same quarter last year. 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 expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th 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, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

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.