NVIDIA (NASDAQ:NVDA) Price Target Raised to $220.00

NVIDIA (NASDAQ:NVDA) had its target price raised by Citigroup from $210.00 to $220.00 in a research note published on Monday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the computer hardware maker’s stock.

Several other research firms have also recently commented on NVDA. BNP Paribas raised NVIDIA to a “hold” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $215.00 price target on shares of NVIDIA in a report on Friday, September 19th. Stifel Nicolaus boosted their price objective on NVIDIA from $202.00 to $212.00 and gave the stock a “buy” rating in a report on Monday, August 25th. Mizuho set a $235.00 target price on shares of NVIDIA in a research report on Wednesday, October 29th. Finally, Oppenheimer reiterated an “outperform” rating and set a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $235.44.

NVIDIA Trading Up 0.3%

Shares of NASDAQ NVDA opened at $193.80 on Monday. NVIDIA has a 1-year low of $86.62 and a 1-year high of $212.19. The company has a 50-day moving average of $184.84 and a two-hundred day moving average of $164.84. The company has a market cap of $4.71 trillion, a PE ratio of 55.21, a P/E/G ratio of 1.49 and a beta of 2.11. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. NVIDIA’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts expect that NVIDIA will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued 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 dividend payout ratio (DPR) is 1.14%.

Insider Activity

In related news, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This represents a 4.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the sale, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,326,577 shares of company stock valued at $596,625,187 in the last quarter. Company insiders own 4.17% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Several institutional investors have recently modified their holdings of NVDA. Harbor Asset Planning Inc. bought a new stake in shares of NVIDIA in the second quarter valued at about $28,000. Winnow Wealth LLC acquired a new stake in NVIDIA in the 2nd quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC raised its position in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares during the last quarter. Spurstone Advisory Services LLC bought a new stake in NVIDIA in the 2nd quarter valued at approximately $40,000. Finally, Sellwood Investment Partners LLC acquired a new position in NVIDIA during the 3rd quarter worth approximately $50,000. Institutional investors 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.