NVIDIA (NASDAQ:NVDA) Trading Up 2.8% Following Strong Earnings

NVIDIA Corporation (NASDAQ:NVDA)’s stock price was up 2.8% during mid-day trading on Wednesday following a stronger than expected earnings report. The stock traded as high as $187.86 and last traded at $186.52. Approximately 211,418,169 shares changed hands during trading, a decline of 6% from the average daily volume of 224,981,906 shares. The stock had previously closed at $181.36.

The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business’s revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS.

NVIDIA Dividend Announcement

The business 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 yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio is currently 1.14%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NVDA. S&P Equity Research restated a “positive” rating on shares of NVIDIA in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of NVIDIA in a report on Thursday, November 13th. Rothschild & Co Redburn boosted their price objective on NVIDIA from $211.00 to $245.00 and gave the stock a “buy” rating in a research report on Monday. Piper Sandler set a $225.00 target price on NVIDIA and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Finally, Wolfe Research set a $230.00 price target on NVIDIA and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Five analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $240.49.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred 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 owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the sale, the director owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,251,577 shares of company stock worth $583,143,187 in the last quarter. Company insiders own 4.17% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NVDA. Captrust Financial Advisors boosted its stake in NVIDIA by 7.6% during the 3rd quarter. Captrust Financial Advisors now owns 6,001,163 shares of the computer hardware maker’s stock valued at $1,119,697,000 after purchasing an additional 423,320 shares during the last quarter. Coldstream Capital Management Inc. grew its position in NVIDIA by 3.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 719,520 shares of the computer hardware maker’s stock worth $134,248,000 after purchasing an additional 22,931 shares in the last quarter. Aspire Private Capital LLC increased its stake in NVIDIA by 7.8% in the 3rd quarter. Aspire Private Capital LLC now owns 45,908 shares of the computer hardware maker’s stock valued at $8,566,000 after buying an additional 3,307 shares during the last quarter. Aldebaran Financial Inc. lifted its position in shares of NVIDIA by 4.5% during the 3rd quarter. Aldebaran Financial Inc. now owns 23,532 shares of the computer hardware maker’s stock worth $4,391,000 after buying an additional 1,016 shares in the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab bought a new position in shares of NVIDIA in the third quarter valued at approximately $498,642,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Up 2.8%

The stock has a 50-day moving average of $186.18 and a 200 day moving average of $167.35. The company has a market capitalization of $4.53 trillion, a PE ratio of 53.14, a P/E/G ratio of 1.49 and a beta of 2.11. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

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.