NVIDIA (NASDAQ:NVDA) Price Target Raised to $275.00 at Truist Financial

NVIDIA (NASDAQ:NVDA) had its price objective boosted by Truist Financial from $255.00 to $275.00 in a research report sent to investors on Friday, Marketbeat Ratings reports. They currently have a buy rating on the computer hardware maker’s stock.

Several other research analysts have also issued reports on the stock. S&P Equity Research reiterated a “positive” rating on shares of NVIDIA in a research report on Wednesday, October 22nd. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a research note on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft increased their price objective on NVIDIA from $180.00 to $215.00 and gave the company a “hold” rating in a research report on Thursday, November 20th. CICC Research boosted their target price on NVIDIA from $200.00 to $228.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Finally, Benchmark increased their price target on shares of NVIDIA from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $262.14.

NVIDIA Stock Performance

Shares of NVDA opened at $180.99 on Friday. NVIDIA has a 12-month low of $86.62 and a 12-month high of $212.19. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. The company has a market cap of $4.40 trillion, a PE ratio of 44.91, a price-to-earnings-growth ratio of 0.85 and a beta of 2.29. The stock has a 50-day moving average price of $185.58 and a 200-day moving average price of $174.93.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. During the same period last year, the firm posted $0.81 earnings per share. NVIDIA’s quarterly revenue was up 62.5% on a year-over-year basis. As a group, equities analysts forecast that NVIDIA will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be issued a $0.01 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 0.99%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $181.73, for a total value of $63,605,500.00. Following the completion of the transaction, the director owned 7,049,803 shares of the company’s stock, valued at approximately $1,281,160,699.19. This represents a 4.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Debora Shoquist sold 80,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $184.65, for a total value of $14,772,000.00. Following the completion of the transaction, the executive vice president owned 1,574,443 shares of the company’s stock, valued at approximately $290,720,899.95. The trade was a 4.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,163,974 shares of company stock worth $396,087,917 over the last quarter. Insiders own 4.17% of the company’s stock.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently modified their holdings of NVDA. Kingstone Capital Partners Texas LLC grew its position in NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after purchasing an additional 382,231,120 shares during the last quarter. Norges Bank purchased a new stake in shares of NVIDIA during the second quarter valued at approximately $51,386,863,000. Nuveen LLC purchased a new stake in shares of NVIDIA during the first quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. raised its holdings in 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 acquiring an additional 103,889,872 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in NVIDIA by 16.1% in the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock valued at $30,855,564,000 after acquiring an additional 22,896,705 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Key Stores Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: U.S. review could pave way for H200 shipments to China — reports say the administration launched a review that might allow exports of Nvidia’s H200 AI chips to China, which would materially expand addressable demand and revenue prospects. US launches review of advanced Nvidia AI chip sales to China
• Positive Sentiment: Regulatory overhang removed on Intel tie-up — U.S. antitrust agencies cleared Nvidia’s investment in Intel, reducing a near-term regulatory risk and supporting strategic partnerships that could help scale production and go-to-market efforts. Nvidia-Intel deal cleared by US antitrust agencies
• Positive Sentiment: Analysts getting more bullish — several firms (Sanford C. Bernstein reiterated buy at $275, Truist raised its PT to $275, Zacks boosted EPS estimates) are lifting targets or confirming buys, helping technical momentum and positioning for upside. MarketScreener Latest Ratings
• Neutral Sentiment: Management clarifies OpenAI investment status — Jensen Huang said Nvidia has not yet funded its announced plan around OpenAI, which removes some rumor-driven uncertainty but leaves the timing and size of any investment unclear. Nvidia has not given OpenAI ‘a penny yet,’ CEO Huang tells Fox Business
• Negative Sentiment: Insider selling disclosed — long-time director Harvey Jones sold 250,000 shares (~$44M), a headline that can spook some investors even though large insiders often diversify. Nvidia director sells $44 million in stock

About NVIDIA

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.