NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) shares were up 2.2% during mid-day trading on Wednesday . The company traded as high as $189.60 and last traded at $189.11. Approximately 128,961,389 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 230,378,859 shares. The stock had previously closed at $185.04.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on NVDA shares. Benchmark upped their price objective on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. JPMorgan Chase & Co. reiterated a "buy" rating and issued a $215.00 price objective on shares of NVIDIA in a report on Friday, September 19th. TD Cowen increased their price objective on NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. Jefferies Financial Group reiterated a "buy" rating and issued a $220.00 price objective (up previously from $205.00) on shares of NVIDIA in a report on Monday, September 29th. Finally, 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 report on Wednesday, September 17th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $211.26.
Check Out Our Latest Report on NVDA
NVIDIA Trading Up 2.2%
The stock has a market capitalization of $4.60 trillion, a PE ratio of 53.88, a P/E/G ratio of 1.34 and a beta of 2.12. 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 stock has a 50 day moving average price of $178.48 and a 200-day moving average price of $149.30.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.
Insider Transactions at NVIDIA
In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $185.79, for a total transaction of $13,934,250.00. Following the transaction, the chief executive officer owned 70,858,203 shares of the company's stock, valued at approximately $13,164,745,535.37. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction that occurred 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 owned 2,883,402 shares of the company's stock, valued at $508,632,112.80. The trade was a 1.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,947,622 shares of company stock worth $694,333,235 over the last quarter. 4.17% of the stock is owned by company insiders.
Institutional Trading of NVIDIA
Hedge funds and other institutional investors have recently made changes to their positions in the business. Astoria Portfolio Advisors LLC. grew its position in NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock worth $9,610,000 after purchasing an additional 864 shares during the period. Centerpoint Advisory Group grew its position in shares of NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after acquiring an additional 943 shares during the period. GSB Wealth Management LLC grew its position in shares of NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after acquiring an additional 1,043 shares during the period. Variant Private Wealth LLC grew its position in shares of NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after acquiring an additional 3,206 shares during the period. Finally, Financial Perspectives Inc grew its position in shares of NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after acquiring an additional 1,265 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.
About NVIDIA
(
Get Free Report)
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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