NVIDIA (NASDAQ:NVDA) Trading Up 1.1% on Analyst Upgrade

Key Points

• NVIDIA shares rose 1.1% following an upgrade by Hsbc Global Res from a hold rating to a strong-buy rating, with the stock trading at approximately $181.81.
• Analysts have set a range of price targets for NVIDIA, with Evercore ISI increasing their target from $214 to $225 and Truist Financial raising theirs from $210 to $228.
• CEO Jen Hsun Huang sold 75,000 shares valued at around $13.58 million, but still retains over 70 million shares of the company's stock.

NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) shares traded up 1.1% on Thursday after Hsbc Global Res upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $183.28 and last traded at $181.81. 176,925,582 shares were traded during trading, a decline of 23% from the average session volume of 229,563,328 shares. The stock had previously closed at $179.83.

Several other equities research analysts also recently commented on NVDA. Evercore ISI boosted their target price on shares of NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. Cantor Fitzgerald set a $300.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Thursday, October 9th. Daiwa Capital Markets upped their price target on shares of NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Jefferies Financial Group reiterated a "buy" rating and set a $220.00 price target (up previously from $205.00) on shares of NVIDIA in a research report on Monday, September 29th. Finally, Truist Financial upped their price target on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, NVIDIA currently has a consensus rating of "Buy" and a consensus target price of $222.23.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $181.01, for a total transaction of $13,575,750.00. Following the completion of the sale, the chief executive officer directly owned 70,333,203 shares of the company's stock, valued at approximately $12,731,013,075.03. The trade was a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 3,828,937 shares of company stock worth $680,708,026. Insiders own 4.17% of the company's stock.

Institutional Trading of NVIDIA

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Websterrogers Financial Advisors LLC increased 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 during the last quarter. Helen Stephens Group LLC increased its stake in shares of NVIDIA by 3.9% in the 3rd quarter. Helen Stephens Group LLC now owns 1,483 shares of the computer hardware maker's stock valued at $277,000 after acquiring an additional 56 shares during the last quarter. Morton Brown Family Wealth LLC increased its stake in shares of NVIDIA by 1.5% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker's stock valued at $621,000 after acquiring an additional 58 shares during the last quarter. Roof Eidam Maycock Peralta LLC grew its position 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 during the period. Finally, Alpha Wealth Funds LLC grew its position in shares of NVIDIA by 1.3% in the 2nd quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker's stock valued at $732,000 after purchasing an additional 59 shares during the period. 65.27% of the stock is owned by institutional investors.

NVIDIA Price Performance

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 50-day moving average of $179.37 and a 200-day moving average of $151.96. The firm has a market capitalization of $4.42 trillion, a price-to-earnings ratio of 51.80, a price-to-earnings-growth ratio of 1.30 and a beta of 2.12.

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

NVIDIA Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.