NVIDIA (NASDAQ:NVDA) Shares Up 1.4% After Analyst Upgrade

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

Several other equities analysts have also recently weighed in on the company. TD Cowen raised their price objective on NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, August 19th. Rosenblatt Securities lifted their target price on NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of NVIDIA in a report on Thursday, November 13th. S&P Equity Research reiterated a “positive” rating on shares of NVIDIA in a research note on Wednesday, October 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $250.00 price objective (up previously from $240.00) on shares of NVIDIA in a report on Thursday, November 20th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $258.19.

Insider Activity

In related news, CEO Jen Hsun Huang sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the completion of the transaction, the chief executive officer directly owned 69,733,203 shares in the company, valued at $14,498,230,235.73. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 20,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $4,166,600.00. Following the transaction, the chief financial officer directly owned 123,060 shares of the company’s stock, valued at $25,637,089.80. The trade was a 13.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,251,577 shares of company stock worth $583,143,187. Company insiders own 4.17% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Institutional investors have recently made changes to their positions in the stock. Strategic Advocates LLC boosted its stake in shares of NVIDIA by 2.6% in the 3rd quarter. Strategic Advocates LLC now owns 92,356 shares of the computer hardware maker’s stock valued at $17,232,000 after purchasing an additional 2,309 shares in the last quarter. Lantern Wealth Advisors LLC lifted its stake in NVIDIA by 21.4% in the third quarter. Lantern Wealth Advisors LLC now owns 14,682 shares of the computer hardware maker’s stock worth $2,739,000 after purchasing an additional 2,590 shares during the last quarter. Vermillion & White Wealth Management Group LLC lifted its stake in NVIDIA by 3.7% in the third quarter. Vermillion & White Wealth Management Group LLC now owns 2,107 shares of the computer hardware maker’s stock worth $393,000 after purchasing an additional 75 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in NVIDIA during the third quarter valued at about $3,939,000. Finally, LWM Advisory Services LLC grew its stake in shares of NVIDIA by 1.2% during the third quarter. LWM Advisory Services LLC now owns 26,296 shares of the computer hardware maker’s stock valued at $4,902,000 after buying an additional 302 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

The stock has a market cap of $4.38 trillion, a PE ratio of 51.36, a P/E/G ratio of 1.49 and a beta of 2.11. The company has a fifty day moving average price of $186.62 and a 200 day moving average price of $169.66. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last announced 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. The business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business’s quarterly revenue was up 62.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. Analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.01 per share. 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.