NVIDIA (NASDAQ:NVDA) Sets New 1-Year High - Here's What Happened
NVIDIA (NASDAQ:NVDA) reached a new 52-week high of $197.40, with significant trading volume. Analysts have set various price targets, with Cantor Fitzgerald at $300 and Bank of America at $235. The stock has a consensus rating of "Buy" and a target price of $222.23. NVIDIA reported strong earnings, with a revenue increase of 55.6% year-over-year. The company also announced a quarterly dividend of $0.01. Recent insider sales included CEO Jen Hsun Huang selling 75,000 shares. Institutional investors have also been active in modifying their holdings of NVDA.
NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $196.58 and last traded at $197.4030, with a volume of 129623038 shares changing hands. The stock had previously closed at $191.49.
Wall Street Analyst Weigh In
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A number of research analysts have recently commented on NVDA shares. Cantor Fitzgerald set a $300.00 price objective on NVIDIA and gave the company an "overweight" rating in a report on Thursday, October 9th. Evercore ISI increased their price objective on NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, September 23rd. KeyCorp restated an "overweight" rating and set a $250.00 target price (up previously from $230.00) on shares of NVIDIA in a research note on Tuesday, September 30th. BNP Paribas raised NVIDIA to a "hold" rating in a research report on Friday, August 1st. Finally, Bank of America raised their price objective on shares of NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Five analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $222.23.
Read Our Latest Stock Report on NVDA
NVIDIA Price Performance
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The company has a market cap of $4.89 trillion, a price-to-earnings ratio of 57.27, a price-to-earnings-growth ratio of 1.34 and a beta of 2.12. The company has a fifty day moving average price of $179.65 and a two-hundred day moving average price of $157.06. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA's revenue was up 55.6% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Announces Dividend
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The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 1.14%.
Insiders Place Their Bets
In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $174.46, for a total transaction of $13,084,500.00. Following the transaction, the chief executive officer directly owned 72,773,366 shares in the company, valued at approximately $12,696,041,432.36. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA 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 transaction, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% 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 have sold 3,726,577 shares of company stock worth $665,502,375. Corporate insiders own 4.17% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of NVDA. Harbor Asset Planning Inc. bought a new stake in NVIDIA in the 2nd quarter valued at approximately $28,000. Winnow Wealth LLC bought a new stake in NVIDIA in the 2nd quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC lifted its stake in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after acquiring an additional 67 shares in the last quarter. Spurstone Advisory Services LLC bought a new stake in NVIDIA during the second quarter worth about $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new stake in NVIDIA during the second quarter worth about $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.
About NVIDIA
(Get Free Report)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.
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