NVIDIA (NASDAQ:NVDA) Price Target Raised to $350.00

NVIDIA (NASDAQ:NVDA) had its price target boosted by Loop Capital from $250.00 to $350.00 in a research report released on Monday, Marketbeat.com reports. Loop Capital currently has a buy rating on the computer hardware maker’s stock.

A number of other analysts have also commented on the company. Melius Research set a $300.00 target price on NVIDIA in a report on Wednesday, October 29th. Wolfe Research set a $230.00 target price on NVIDIA and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Arete lifted their target price on NVIDIA from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Hsbc Global Res raised NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, Oppenheimer reissued an “outperform” rating and issued a $225.00 target price (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $233.75.

NVIDIA Stock Down 1.8%

NVDA stock opened at $195.21 on Monday. NVIDIA has a twelve month low of $86.62 and a twelve month high of $212.19. 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 $4.74 trillion, a PE ratio of 55.62, a price-to-earnings-growth ratio of 1.49 and a beta of 2.12. The business has a 50 day moving average of $182.99 and a 200 day moving average of $161.72.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the company earned $0.68 EPS. The firm’s revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts forecast that NVIDIA will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is 1.14%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 completion of the transaction, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,551,577 shares of company stock worth $637,612,687 in the last ninety days. Insiders own 4.17% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Several institutional investors and hedge funds have recently bought and sold shares of NVDA. Harbor Asset Planning Inc. purchased a new position in NVIDIA during the second quarter valued at $28,000. Winnow Wealth LLC bought a new stake in NVIDIA during the second quarter valued at about $32,000. Longfellow Investment Management Co. LLC boosted its stake in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 67 shares during the period. Spurstone Advisory Services LLC bought a new position in shares of NVIDIA in the second quarter worth about $40,000. Finally, Kathleen S. Wright Associates Inc. boosted its stake in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after acquiring an additional 254 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

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.