NVIDIA (NASDAQ:NVDA) Stock Price Up 1.4% on Analyst Upgrade

Key Points

• NVIDIA shares rose 1.4% after a Zacks Research upgrade, trading as high as $182.91 (last $180.26) on Wednesday with volume of ~182.1M shares, about 20% below the average.
• Analysts have been lifting targets and ratings—Wells Fargo, UBS, Citi and others raised price targets—and MarketBeat shows a consensus target of $258.19 with most analysts rating NVDA Buy/Strong Buy.
• NVIDIA posted a quarterly EPS beat ($1.30 vs. $1.23) and revenue of $57.01B, up 62.5% year-over-year, with a net margin of 52.41%.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report)'s share price rose 1.4% on Wednesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $182.91 and last traded at $180.26. Approximately 182,113,812 shares were traded during trading, a decline of 20% from the average daily volume of 226,620,578 shares. The stock had previously closed at $177.82.

A number of other equities analysts have also issued reports on the stock. Wells Fargo & Company restated an "overweight" rating and issued a $265.00 target price (up from $220.00) on shares of NVIDIA in a research report on Friday, November 14th. UBS Group restated a "buy" rating and issued a $235.00 price objective on shares of NVIDIA in a report on Thursday, November 20th. S&P Equity Research reaffirmed a "positive" rating on shares of NVIDIA in a research note on Wednesday, October 22nd. Citigroup boosted their price target on shares of NVIDIA from $220.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, November 20th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of NVIDIA from $180.00 to $215.00 and gave the company a "hold" rating in a report on Thursday, November 20th. Five analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Buy" and a consensus target price of $258.19.

Insider Activity at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the firm's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the sale, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the transaction, the chief executive officer directly owned 72,248,366 shares of the company's stock, valued at $12,829,142,350.62. This represents a 0.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 3,251,577 shares of company stock valued at $583,143,187. Corporate insiders own 4.17% of the company's stock.

Hedge Funds Weigh In On NVIDIA

Hedge funds have recently modified their holdings of the stock. State Street Corp raised its holdings in NVIDIA by 1.0% during the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker's stock worth $154,556,803,000 after buying an additional 9,554,857 shares during the period. Geode Capital Management LLC increased its position in shares of NVIDIA by 1.5% during the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker's stock worth $91,150,170,000 after acquiring an additional 8,521,936 shares in the last quarter. Kingstone Capital Partners Texas LLC increased its position in shares of 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 acquiring an additional 382,231,120 shares in the last quarter. Norges Bank acquired a new stake in shares of NVIDIA during the second quarter worth $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in NVIDIA by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock valued at $22,412,434,000 after acquiring an additional 5,896,735 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Up 1.4%

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 stock has a market cap of $4.38 trillion, a price-to-earnings ratio of 51.36, a P/E/G ratio of 1.49 and a beta of 2.11. The business has a 50-day simple moving average of $186.62 and a two-hundred day simple moving average of $169.66.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.07. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $57.01 billion during the quarter, compared to analysts' expectations of $54.66 billion. During the same quarter last year, the company posted $0.81 earnings per share. NVIDIA's quarterly revenue was up 62.5% on a year-over-year basis. NVIDIA has set its Q4 2026 guidance at EPS. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is presently 0.99%.

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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