NVIDIA (NASDAQ:NVDA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of NVIDIA (NASDAQ:NVDA) from a hold rating to a buy rating in a report released on Sunday.

NVDA has been the subject of several other reports. HSBC set a $320.00 price objective on NVIDIA and gave the company a “buy” rating in a research note on Wednesday, October 15th. Hsbc Global Res raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Barclays reaffirmed an “overweight” rating and issued a $240.00 target price (up from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Evercore ISI raised their target price on NVIDIA from $214.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. Finally, Robert W. Baird raised their target price on NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $222.23.

NVIDIA Stock Down 0.8%

NASDAQ NVDA opened at $181.16 on Friday. The business has a fifty day moving average price of $179.37 and a 200 day moving average price of $154.43. NVIDIA has a one year low of $86.62 and a one year high of $195.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a market cap of $4.40 trillion, a P/E ratio of 51.61, a P/E/G ratio of 1.32 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data 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 return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the prior year, the company earned $0.68 EPS. The firm’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts anticipate that NVIDIA will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were 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 of this dividend was Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $183.38, for a total transaction of $13,753,500.00. Following the completion of the sale, the chief executive officer directly owned 70,108,203 shares of the company’s stock, valued at approximately $12,856,442,266.14. This trade represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 3,753,937 shares of company stock worth $669,548,776. 4.17% of the stock is currently owned by company insiders.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Gateway Investment Advisers LLC increased its position in shares of NVIDIA by 23.7% during the 3rd quarter. Gateway Investment Advisers LLC now owns 5,412,518 shares of the computer hardware maker’s stock worth $1,009,868,000 after purchasing an additional 1,037,132 shares during the last quarter. Ariose Capital Management Ltd grew its position in NVIDIA by 171.1% in the 3rd quarter. Ariose Capital Management Ltd now owns 260,500 shares of the computer hardware maker’s stock valued at $48,604,000 after acquiring an additional 164,400 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in NVIDIA by 3.2% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 612,847 shares of the computer hardware maker’s stock valued at $114,345,000 after acquiring an additional 18,720 shares in the last quarter. Pettinga Financial Advisors LLC grew its position in NVIDIA by 5.8% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 6,971 shares of the computer hardware maker’s stock valued at $1,301,000 after acquiring an additional 381 shares in the last quarter. Finally, Western Financial Corp CA acquired a new position in NVIDIA in the 3rd quarter valued at about $1,837,000. 65.27% of the stock is owned by institutional investors and hedge funds.

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.