NVIDIA (NASDAQ:NVDA) Shares Up 1.7% After 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 share price traded up 1.7% during mid-day trading on Monday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The company 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.

NVDA has been the topic of several other reports. Rosenblatt Securities upped their price target on NVIDIA from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. TD Cowen upped their price target on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Mizuho upped their price target on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Cantor Fitzgerald reissued an "overweight" rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Wolfe Research upped their price target on NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $207.42.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the sale, the chief executive officer owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,682,755 shares of company stock valued at $594,406,430. Insiders own 4.17% of the company's stock.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Prospera Capital Management LLC grew its holdings in NVIDIA by 0.9% in the 2nd quarter. Prospera Capital Management LLC now owns 20,760 shares of the computer hardware maker's stock valued at $3,280,000 after buying an additional 189 shares during the last quarter. ZynergyRetirementPlanningLLC lifted its position in shares of NVIDIA by 8.2% in the 2nd quarter. ZynergyRetirementPlanningLLC now owns 1,375 shares of the computer hardware maker's stock worth $217,000 after acquiring an additional 104 shares during the period. V. M. Manning & CO. Inc. bought a new stake in shares of NVIDIA in the 2nd quarter worth approximately $45,397,000. Q3 Asset Management bought a new stake in shares of NVIDIA in the 2nd quarter worth approximately $207,000. Finally, American Trust lifted its position in shares of NVIDIA by 28.0% in the 2nd quarter. American Trust now owns 58,268 shares of the computer hardware maker's stock worth $9,206,000 after acquiring an additional 12,736 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

The stock has a 50-day simple moving average of $172.73 and a 200 day simple moving average of $140.21. 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 company has a market cap of $4.13 trillion, a P/E ratio of 48.41, a P/E/G ratio of 1.21 and a beta of 2.10.

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

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.01 per share. 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 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.

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