NVIDIA’s (NVDA) “Buy” Rating Reiterated at Argus

NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reissued by analysts at Argus in a research note issued to investors on Thursday,Benzinga reports. They presently have a $220.00 target price on the computer hardware maker’s stock. Argus’ target price would indicate a potential upside of 17.95% from the company’s current price.

NVDA has been the topic of several other reports. Needham & Company LLC reiterated a “buy” rating and set a $240.00 target price on shares of NVIDIA in a report on Thursday. Melius Research boosted their price target on shares of NVIDIA from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday. Arete increased their price objective on shares of NVIDIA from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. KeyCorp lifted their price objective on shares of NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Benchmark boosted their price objective on shares of NVIDIA from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NVIDIA has an average rating of “Buy” and a consensus target price of $253.52.

NVIDIA Trading Up 2.8%

NVDA opened at $186.52 on Thursday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average is $186.37 and its two-hundred day moving average is $167.48. The company has a market capitalization of $4.53 trillion, a P/E ratio of 53.14, a PEG ratio of 1.49 and a beta of 2.11. NVIDIA has a 52 week low of $86.62 and a 52 week high of $212.19.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.07. The business had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. Analysts forecast that NVIDIA will post 2.77 earnings per share for the current year.

Insider Activity at NVIDIA

In other news, 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 sale, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the transaction, the chief executive officer owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. This trade represents a 0.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,251,577 shares of company stock valued at $583,143,187 in the last ninety days. Corporate insiders own 4.17% of the company’s stock.

Institutional Trading of NVIDIA

Large investors have recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC grew its holdings in shares of NVIDIA by 267,959.7% in the second 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 in the last quarter. Norges Bank purchased a new position in NVIDIA in the 2nd quarter valued at approximately $51,386,863,000. Nuveen LLC acquired a new position in shares of NVIDIA in the first quarter worth $15,089,414,000. Goldman Sachs Group Inc. increased its position in shares of NVIDIA by 123.5% during the first 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 period. Finally, Capital Research Global Investors raised its stake in shares of NVIDIA by 16.1% in the third 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. 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.