NVIDIA (NASDAQ:NVDA) Stock Price Expected to Rise, Citic Securities Analyst Says

NVIDIA (NASDAQ:NVDA) had its price objective increased by stock analysts at Citic Securities from $237.00 to $242.00 in a research report issued on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the computer hardware maker’s stock. Citic Securities’ target price would suggest a potential upside of 35.29% from the company’s current price.

A number of other analysts have also issued reports on the company. Wolfe Research boosted their price objective on NVIDIA from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday. Piper Sandler set a $225.00 price target on NVIDIA and gave the company an “overweight” rating in a research report on Wednesday, August 13th. Wedbush increased their price target on shares of NVIDIA from $210.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday. Robert W. Baird set a $275.00 price objective on shares of NVIDIA and gave the company an “outperform” rating in a research note on Thursday. Finally, Craig Hallum upped their target price on shares of NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of “Buy” and a consensus target price of $257.79.

NVIDIA Stock Down 1.0%

NVDA opened at $178.88 on Thursday. NVIDIA has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a market cap of $4.35 trillion, a PE ratio of 50.96, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $186.46 and a 200 day moving average of $168.03.

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the completion of the sale, the chief financial officer owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction dated Wednesday, October 29th. The shares were 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 in the company, valued at $14,498,230,235.73. This trade represents a 0.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 3,251,577 shares of company stock worth $583,143,187. Corporate insiders own 4.17% of the company’s stock.

Institutional Trading of NVIDIA

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC boosted its position in NVIDIA by 267,959.7% during 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 buying an additional 382,231,120 shares during the period. Norges Bank bought a new stake in shares of NVIDIA in the 2nd quarter valued at about $51,386,863,000. Nuveen LLC purchased a new stake in NVIDIA during the 1st quarter valued at about $15,089,414,000. Goldman Sachs Group Inc. boosted its holdings in NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. Finally, Capital Research Global Investors grew its position in NVIDIA by 16.1% during the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock worth $30,855,564,000 after acquiring an additional 22,896,705 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.