NVIDIA (NASDAQ:NVDA) Given New $255.00 Price Target at Truist Financial

NVIDIA (NASDAQ:NVDA) had its price target lifted by Truist Financial from $228.00 to $255.00 in a research note released on Thursday, Marketbeat reports. They currently have a buy rating on the computer hardware maker’s stock.

A number of other analysts have also issued reports on NVDA. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Citigroup upped their target price on shares of NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen lifted their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, August 19th. Jefferies Financial Group boosted their price target on NVIDIA from $220.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Benchmark raised their price target on NVIDIA from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday. Four research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $255.57.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $3.00 during trading hours on Thursday, reaching $177.64. The company’s stock had a trading volume of 74,653,147 shares, compared to its average volume of 224,984,797. The firm has a 50 day moving average price of $186.44 and a 200-day moving average price of $167.58. 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 market cap of $4.32 trillion, a P/E ratio of 50.60, a P/E/G ratio of 1.49 and a beta of 2.11. NVIDIA has a one year low of $86.62 and a one year high of $212.19.

NVIDIA (NASDAQ:NVDA) last announced its quarterly 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 net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. During the same quarter last year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. On average, analysts predict that NVIDIA will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total value of $5,197,750.00. Following the sale, the chief executive officer directly owned 69,733,203 shares of the company’s stock, valued at $14,498,230,235.73. This represents a 0.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the company’s 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 sale, the chief financial officer owned 2,828,122 shares in the company, valued at $589,182,656.26. The trade was a 0.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,251,577 shares of company stock valued at $583,143,187 over the last quarter. Insiders own 4.17% of the company’s stock.

Institutional Trading of NVIDIA

A number of hedge funds have recently added to or reduced their stakes in NVDA. Harbor Asset Planning Inc. purchased a new stake in shares of NVIDIA in the second quarter valued at approximately $28,000. Winnow Wealth LLC purchased a new stake in NVIDIA in the 2nd quarter worth $32,000. Longfellow Investment Management Co. LLC raised its position in 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 acquiring an additional 67 shares during the period. Spurstone Advisory Services LLC purchased a new position in NVIDIA during the second quarter valued at $40,000. Finally, Kathleen S. Wright Associates Inc. grew its position in shares of 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 purchasing an additional 254 shares during the period. 65.27% of the stock is owned by hedge funds and other 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.