NVIDIA (NASDAQ:NVDA) Given New $220.00 Price Target at Morgan Stanley

NVIDIA (NASDAQ:NVDA) had its price target raised by research analysts at Morgan Stanley from $210.00 to $220.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the computer hardware maker’s stock. Morgan Stanley’s price objective indicates a potential upside of 16.39% from the stock’s previous close.

NVDA has been the topic of several other reports. Citigroup raised their target price on NVIDIA from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday. Cantor Fitzgerald reissued an “overweight” rating and set a $300.00 price objective on shares of NVIDIA in a research note on Wednesday, October 29th. KeyCorp reaffirmed an “overweight” rating and set a $250.00 target price on shares of NVIDIA in a research note on Friday. Mizuho set a $235.00 price target on NVIDIA in a research note on Wednesday, October 29th. Finally, Evercore ISI set a $261.00 price objective on NVIDIA and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $239.15.

NVIDIA Trading Up 1.2%

Shares of NASDAQ:NVDA traded up $2.16 during trading on Friday, reaching $189.02. 80,059,473 shares of the company traded hands, compared to its average volume of 224,850,063. 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 has a 52-week low of $86.62 and a 52-week high of $212.19. The firm has a market capitalization of $4.59 trillion, a price-to-earnings ratio of 53.89, a P/E/G ratio of 1.49 and a beta of 2.11. The business’s fifty day moving average is $185.14 and its 200-day moving average is $164.99.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm’s revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts forecast that NVIDIA will post 2.77 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the transaction, the chief executive officer 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $208.33, for a total value of $5,758,241.20. Following the sale, the chief financial officer directly owned 2,828,122 shares of the company’s stock, valued at approximately $589,182,656.26. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,251,577 shares of company stock valued at $583,143,187 in the last quarter. 4.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its stake in NVIDIA by 1.0% during the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock valued at $154,556,803,000 after purchasing an additional 9,554,857 shares in the last quarter. Geode Capital Management LLC raised 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 acquiring an additional 8,521,936 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted 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 worth $64,976,521,000 after acquiring an additional 382,231,120 shares during the period. Norges Bank purchased a new stake in NVIDIA during the 2nd quarter valued at about $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of NVIDIA by 2.9% in the first 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 worth $22,412,434,000 after purchasing an additional 5,896,735 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

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.