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

NVIDIA (NASDAQ:NVDA) had its price target upped by Melius Research from $300.00 to $320.00 in a research note released on Thursday,Benzinga reports. Melius Research currently has a buy rating on the computer hardware maker’s stock.

A number of other equities research analysts have also weighed in on NVDA. Jefferies Financial Group boosted their price objective on shares of NVIDIA from $220.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $240.00 price target (up previously from $210.00) on shares of NVIDIA in a research report on Friday, October 31st. Robert W. Baird boosted their price target on NVIDIA from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Rothschild & Co Redburn increased their price objective on NVIDIA from $211.00 to $245.00 and gave the company a “buy” rating in a report on Monday. Finally, Evercore ISI set a $261.00 target price on NVIDIA and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $255.57.

NVIDIA Stock Down 1.7%

Shares of NVDA stock traded down $3.00 during trading hours on Thursday, reaching $177.64. 74,653,147 shares of the company’s stock were exchanged, compared to its average volume of 224,984,797. NVIDIA has a 1 year low of $86.62 and a 1 year high of $212.19. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The stock has a market cap of $4.32 trillion, a PE ratio of 50.60, a PEG ratio of 1.49 and a beta of 2.11. The stock’s fifty day moving average price is $186.44 and its two-hundred day moving average price is $167.58.

NVIDIA (NASDAQ:NVDA) last released its 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 company had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA’s revenue for the quarter was up 62.5% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. Research analysts predict that NVIDIA will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Activity

In other news, CEO Jen Hsun Huang sold 25,000 shares of the firm’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 transaction, the chief executive officer directly owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. This trade represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the completion of the transaction, the chief financial officer owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. This represents a 0.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,251,577 shares of company stock valued at $583,143,187. Company insiders own 4.17% of the company’s stock.

Institutional Trading of NVIDIA

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbor Asset Planning Inc. purchased a new stake in shares of NVIDIA during the second quarter worth about $28,000. Winnow Wealth LLC bought a new position in NVIDIA during the 2nd quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC increased its stake in shares of NVIDIA by 47.9% during the second 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 period. Spurstone Advisory Services LLC bought a new position in shares of NVIDIA during the second quarter valued at approximately $40,000. Finally, Kathleen S. Wright Associates Inc. boosted its holdings in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

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.