NVIDIA (NASDAQ:NVDA) Given “Overweight” Rating at Cantor Fitzgerald

NVIDIA (NASDAQ:NVDA)‘s stock had its “overweight” rating reiterated by analysts at Cantor Fitzgerald in a note issued to investors on Thursday,Benzinga reports. They currently have a $300.00 price objective on the computer hardware maker’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 60.84% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Sanford C. Bernstein raised their price target on NVIDIA from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NVIDIA from $180.00 to $215.00 and gave the company a “hold” rating in a research report on Thursday. Benchmark raised their target price on shares of NVIDIA from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday. Wedbush lifted their price target on shares of NVIDIA from $210.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, TD Cowen increased their price objective on NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, August 19th. Five research analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Buy” and an average target price of $253.52.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $186.52 on Thursday. The company has a market capitalization of $4.53 trillion, a price-to-earnings ratio of 53.14, a PEG ratio of 1.49 and a beta of 2.11. NVIDIA has a 12 month low of $86.62 and a 12 month high of $212.19. The firm’s 50-day moving average is $186.37 and its 200 day moving average is $167.48. 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) last announced its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business 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 earnings per share. The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. Research analysts predict that NVIDIA will post 2.77 EPS for the current year.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA 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 transaction, the chief executive officer owned 72,248,366 shares in the company, valued at $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the transaction, the director owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,251,577 shares of company stock worth $583,143,187. 4.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NVDA. State Street Corp grew its stake in shares of NVIDIA by 1.0% during the second quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock worth $154,556,803,000 after acquiring an additional 9,554,857 shares during the last quarter. Geode Capital Management LLC boosted its stake in NVIDIA by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock worth $91,150,170,000 after purchasing an additional 8,521,936 shares in the last quarter. Kingstone Capital Partners Texas LLC boosted its stake in 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 purchasing an additional 382,231,120 shares in the last quarter. Norges Bank purchased a new stake in NVIDIA during the 2nd quarter worth approximately $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in NVIDIA by 2.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock valued at $22,412,434,000 after purchasing an additional 5,896,735 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

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.