NVIDIA (NASDAQ:NVDA) Given Buy Rating at Argus

Argus reissued their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a $220.00 price target on the computer hardware maker’s stock.

A number of other research firms have also issued reports on NVDA. Robert W. Baird set a $275.00 target price on shares of NVIDIA and gave the company an “outperform” rating in a report on Thursday. Wells Fargo & Company restated an “overweight” rating and set a $265.00 target price (up previously from $220.00) on shares of NVIDIA in a research report on Friday, November 14th. Melius Research lifted their target price on shares of NVIDIA from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday. Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on NVIDIA from $180.00 to $215.00 and gave the company a “hold” rating in a report on Thursday. Four equities research 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $256.21.

NVIDIA Trading Down 3.0%

Shares of NVDA opened at $180.98 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA has a 1-year low of $86.62 and a 1-year high of $212.19. The stock has a market cap of $4.40 trillion, a price-to-earnings ratio of 51.56, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The firm has a 50 day simple moving average of $186.44 and a 200-day simple moving average of $167.58.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. NVIDIA’s quarterly revenue was up 62.5% on a year-over-year basis. NVIDIA has set its Q4 2026 guidance at EPS. Equities analysts forecast that NVIDIA will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be 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 of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is currently 1.14%.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the transaction, the chief executive officer owned 72,248,366 shares in the company, valued at $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,251,577 shares of company stock worth $583,143,187. 4.17% of the stock is currently owned by corporate insiders.

Institutional Trading of NVIDIA

A number of hedge funds have recently made changes to their positions in the company. Harbor Asset Planning Inc. purchased a new position in NVIDIA in the 2nd quarter valued at about $28,000. Winnow Wealth LLC acquired a new stake in shares of NVIDIA during the second quarter worth approximately $32,000. Longfellow Investment Management Co. LLC grew its position 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 worth $33,000 after buying an additional 67 shares in the last quarter. Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA in the second quarter worth $40,000. Finally, Kathleen S. Wright Associates Inc. raised 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. Hedge funds and other 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.