NVIDIA (NASDAQ:NVDA) Shares Up 2.8% Following Analyst Upgrade

Key Points

• NVIDIA shares rose by 2.8% after Mizuho raised their price target from $205.00 to $225.00 while maintaining an outperform rating on the stock.
• Recent analyst reports vary, with some raising targets significantly; for instance, KeyCorp set a new price objective of $250.00 while Wall Street Zen downgraded the stock from buy to hold.
• Insider transactions showed CEO Jen Hsun Huang sold 75,000 shares for approximately $14.27 million, reducing their ownership by 0.11%, while CFO Colette Kress also sold a significant number of shares.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) shares traded up 2.8% during mid-day trading on Monday after Mizuho raised their price target on the stock from $205.00 to $225.00. Mizuho currently has an outperform rating on the stock. NVIDIA traded as high as $190.11 and last traded at $188.32. 151,576,723 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 230,024,000 shares. The stock had previously closed at $183.16.

A number of other analysts have also recently issued reports on the company. Daiwa Capital Markets increased their target price on NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 17th. Sanford C. Bernstein reaffirmed a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. KeyCorp reaffirmed an "overweight" rating and set a $250.00 price objective (up from $230.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Wall Street Zen cut NVIDIA from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $213.37.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $190.20, for a total transaction of $14,265,000.00. Following the sale, the chief executive officer owned 70,558,203 shares of the company's stock, valued at $13,420,170,210.60. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 30,500 shares of the firm's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the sale, the chief financial officer directly owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. This represents a 1.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,801,587 shares of company stock worth $673,950,484 in the last three months. 4.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Websterrogers Financial Advisors LLC raised its stake in shares of NVIDIA by 2.6% in the 3rd quarter. Websterrogers Financial Advisors LLC now owns 2,118 shares of the computer hardware maker's stock valued at $395,000 after acquiring an additional 54 shares in the last quarter. Helen Stephens Group LLC increased its position in shares of NVIDIA by 3.9% during the third quarter. Helen Stephens Group LLC now owns 1,483 shares of the computer hardware maker's stock valued at $277,000 after purchasing an additional 56 shares during the period. Morton Brown Family Wealth LLC increased its position in shares of NVIDIA by 1.5% during the second quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker's stock valued at $621,000 after purchasing an additional 58 shares during the period. Roof Eidam Maycock Peralta LLC boosted its stake in shares of NVIDIA by 0.3% in the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker's stock valued at $3,302,000 after purchasing an additional 58 shares in the last quarter. Finally, Alpha Wealth Funds LLC boosted its stake in NVIDIA by 1.3% in the second quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker's stock worth $732,000 after purchasing an additional 59 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Up 2.8%

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 $4.58 trillion, a price-to-earnings ratio of 53.65, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. The business has a 50 day simple moving average of $179.16 and a 200 day simple moving average of $151.02.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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 return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The firm's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. 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.

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