Citigroup Issues Positive Forecast for NVIDIA (NASDAQ:NVDA) Stock Price

NVIDIA (NASDAQ:NVDA) had its price target upped by Citigroup from $220.00 to $270.00 in a research note published on Thursday, Marketbeat.com reports. They currently have a buy rating on the computer hardware maker’s stock.

A number of other equities analysts have also weighed in on the stock. Barclays lifted their price objective on shares of NVIDIA from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday. New Street Research reaffirmed a “buy” rating and issued a $307.00 target price on shares of NVIDIA in a report on Thursday, October 30th. Daiwa Capital Markets boosted their price target on shares of NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Susquehanna increased their price target on shares of NVIDIA from $210.00 to $230.00 and gave the stock a “positive” rating in a report on Thursday, November 13th. Finally, Wedbush restated an “outperform” rating and issued a $210.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $256.21.

NVIDIA Stock Performance

NASDAQ NVDA opened at $180.98 on Thursday. The business’s 50-day moving average price is $186.44 and its 200 day moving average price is $167.58. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm has a market cap of $4.40 trillion, a P/E ratio of 51.56, a P/E/G ratio of 1.49 and a beta of 2.11. NVIDIA has a 52-week low of $86.62 and a 52-week high of $212.19.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.07. The company had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s revenue was up 62.5% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. On average, equities research analysts expect that NVIDIA will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the completion of the transaction, the chief financial officer directly owned 2,828,122 shares of the company’s stock, valued at approximately $589,182,656.26. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total value of $5,197,750.00. Following the completion of the sale, the chief executive officer directly owned 69,733,203 shares in the company, valued at $14,498,230,235.73. This trade represents a 0.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,251,577 shares of company stock worth $583,143,187 in the last three months. Corporate insiders own 4.17% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kensington Investment Counsel LLC boosted its position in shares of NVIDIA by 7.6% in the 3rd quarter. Kensington Investment Counsel LLC now owns 28,461 shares of the computer hardware maker’s stock worth $5,310,000 after buying an additional 2,011 shares in the last quarter. Old North State Trust LLC raised its position in NVIDIA by 0.4% during the third quarter. Old North State Trust LLC now owns 47,146 shares of the computer hardware maker’s stock worth $8,797,000 after acquiring an additional 183 shares during the last quarter. Portus Wealth Advisors LLC purchased a new stake in shares of NVIDIA in the third quarter valued at about $2,655,000. Centaurus Financial Inc. acquired a new stake in shares of NVIDIA in the third quarter valued at approximately $63,589,000. Finally, Auxier Asset Management LLC grew its position in shares of NVIDIA by 6.5% in the third quarter. Auxier Asset Management LLC now owns 2,837 shares of the computer hardware maker’s stock valued at $529,000 after purchasing an additional 172 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

About NVIDIA

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.