NVIDIA (NASDAQ:NVDA) Trading 1.8% Higher - Still a Buy?

Key Points

• NVIDIA's shares increased by 1.8% to trade at $192.57, although trading volume decreased by 21% from the average.
• Five research firms have set new target prices for NVIDIA, with the highest being $300.00 from Cantor Fitzgerald and an overall average target of $212.84.
• Recent analysis revealed a net margin of 52.41% and a 55.6% increase in quarterly revenue compared to the same period last year.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report)'s share price traded up 1.8% on Thursday . The company traded as high as $195.30 and last traded at $192.57. 181,659,827 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 230,146,203 shares. The stock had previously closed at $189.11.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group set a $210.00 target price on shares of NVIDIA and gave the company a "buy" rating in a research report on Monday. Cantor Fitzgerald set a $300.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a research report on Thursday. Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Stifel Nicolaus increased their price target on shares of NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Finally, Morgan Stanley increased their price target on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $212.84.

NVIDIA Trading Up 1.8%

The business's 50 day moving average price is $178.97 and its 200-day moving average price is $150.06. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company has a market cap of $4.68 trillion, a price-to-earnings ratio of 54.86, a PEG ratio of 1.37 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA's quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's payout ratio is 1.14%.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $185.79, for a total value of $13,934,250.00. Following the completion of the sale, the chief executive officer owned 70,858,203 shares in the company, valued at $13,164,745,535.37. The trade was a 0.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the completion of the sale, the chief financial officer owned 2,883,402 shares of the company's stock, valued at $508,632,112.80. This trade represents a 1.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,898,491 shares of company stock valued at $686,333,234 in the last quarter. Corporate insiders own 4.17% of the company's stock.

Hedge Funds Weigh In On NVIDIA

Hedge funds have recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after purchasing an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after purchasing an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE grew its holdings in shares of NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after purchasing an additional 3,653 shares during the last quarter. Hudson Value Partners LLC grew its holdings in shares of NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Somerset Trust Co grew its holdings in shares of NVIDIA by 32.0% during the 1st quarter. Somerset Trust Co now owns 7,429 shares of the computer hardware maker's stock valued at $805,000 after purchasing an additional 1,801 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

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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