NVIDIA (NASDAQ:NVDA) Shares Up 2.3% – What’s Next?

NVIDIA Corporation (NASDAQ:NVDA)’s stock price shot up 2.3% on Friday . The company traded as high as $187.47 and last traded at $186.26. 130,344,162 shares changed hands during trading, a decline of 43% from the average session volume of 226,891,500 shares. The stock had previously closed at $182.16.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NVDA. Arete increased their price target on shares of NVIDIA from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. TD Cowen increased their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Benchmark increased their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. New Street Research increased their price objective on shares of NVIDIA from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, Barclays reissued an “overweight” rating and issued a $240.00 price objective (up previously from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. Five investment analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Buy” and a consensus target price of $222.23.

NVIDIA Stock Performance

The stock’s fifty day moving average is $179.46 and its two-hundred day moving average is $156.23. The firm has a market capitalization of $4.53 trillion, a price-to-earnings ratio of 53.07, a price-to-earnings-growth ratio of 1.34 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results 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. The business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business’s revenue was up 55.6% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid 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 1.14%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction 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 represents a 4.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,801,577 shares of company stock worth $678,643,875 in the last ninety days. 4.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NVDA. Kingstone Capital Partners Texas LLC lifted its position in shares of NVIDIA by 267,959.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after buying an additional 382,231,120 shares during the last quarter. Norges Bank bought a new position in shares of NVIDIA in the 2nd quarter worth about $51,386,863,000. Nuveen LLC bought a new position in shares of NVIDIA in the 1st quarter worth about $15,089,414,000. Goldman Sachs Group Inc. lifted its position in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after buying an additional 103,889,872 shares during the last quarter. Finally, Laurel Wealth Advisors LLC lifted its position in shares of NVIDIA by 15,496.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock worth $3,454,534,000 after buying an additional 21,725,326 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

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.