NVIDIA (NASDAQ:NVDA) Stock Price Up 2.8% on Earnings Beat

NVIDIA Corporation (NASDAQ:NVDA)’s stock price traded up 2.8% during trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $187.86 and last traded at $186.52. 211,418,169 shares were traded during mid-day trading, a decline of 6% from the average session volume of 224,981,906 shares. The stock had previously closed at $181.36.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a $0.01 dividend. 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 payout ratio is currently 1.14%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NVDA. Wedbush reiterated an “outperform” rating and set a $210.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Barclays reiterated an “overweight” rating and set a $240.00 price objective (up from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Arete upped their price target on NVIDIA from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. KeyCorp restated an “overweight” rating and issued a $250.00 price objective on shares of NVIDIA in a research report on Friday, November 14th. Finally, Melius Research set a $300.00 price objective on shares of NVIDIA in a research note on Wednesday, October 29th. Five analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $240.49.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the transaction, the chief executive officer directly owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction dated Friday, September 19th. The shares were 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 $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 3,251,577 shares of company stock worth $583,143,187. Corporate 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 company. Joule Financial LLC lifted its holdings in shares of NVIDIA by 2.2% in the third quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker’s stock worth $431,000 after buying an additional 50 shares in the last quarter. Vision Financial Markets LLC increased its holdings in NVIDIA by 1.2% in the 3rd quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock valued at $866,000 after acquiring an additional 53 shares during the last quarter. Websterrogers Financial Advisors LLC lifted its stake in NVIDIA by 2.6% in the 3rd quarter. Websterrogers Financial Advisors LLC now owns 2,118 shares of the computer hardware maker’s stock worth $395,000 after purchasing an additional 54 shares in the last quarter. IMG Wealth Management Inc. boosted its holdings in shares of NVIDIA by 1.4% during the 3rd quarter. IMG Wealth Management Inc. now owns 3,820 shares of the computer hardware maker’s stock valued at $713,000 after purchasing an additional 54 shares during the last quarter. Finally, Cyr Financial Inc. grew its position in shares of NVIDIA by 0.7% during the third quarter. Cyr Financial Inc. now owns 7,737 shares of the computer hardware maker’s stock valued at $1,444,000 after purchasing an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 2.8%

The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The stock has a 50-day moving average price of $186.18 and a two-hundred day moving average price of $167.35. The stock has a market cap of $4.53 trillion, a PE ratio of 53.14, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11.

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.