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

NVIDIA (NASDAQ:NVDA) had its target price boosted by Rosenblatt Securities from $240.00 to $245.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the computer hardware maker’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 31.35% from the company’s previous close.

NVDA has been the subject of a number of other research reports. S&P Equity Research reiterated a “positive” rating on shares of NVIDIA in a report on Wednesday, October 22nd. Evercore ISI set a $261.00 price target on NVIDIA and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. New Street Research reiterated a “buy” rating and set a $307.00 price objective on shares of NVIDIA in a research report on Thursday, October 30th. Seaport Global Securities raised their target price on shares of NVIDIA from $100.00 to $140.00 and gave the stock a “sell” rating in a report on Monday. Finally, Susquehanna lifted their price target on shares of NVIDIA from $210.00 to $230.00 and gave the stock a “positive” rating in a research note on Thursday, November 13th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $248.66.

NVIDIA Trading Up 2.8%

NVDA stock opened at $186.52 on Thursday. The firm has a fifty day moving average price of $186.37 and a 200 day moving average price of $167.48. NVIDIA has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The firm has a market cap of $4.53 trillion, a PE ratio of 53.14, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last released its quarterly 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. NVIDIA’s revenue was up 62.5% on a year-over-year basis. NVIDIA has set its Q4 2026 guidance at EPS. Sell-side analysts anticipate that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction on 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 transaction, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the sale, the chief executive officer owned 72,248,366 shares of the company’s stock, valued at $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,251,577 shares of company stock worth $583,143,187 in the last ninety days. 4.17% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC raised its position in shares of NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after acquiring an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in NVIDIA by 1.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after purchasing an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE grew its stake in NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after purchasing an additional 3,653 shares during the last quarter. Hudson Value Partners LLC raised its holdings in NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after purchasing an additional 11,900 shares in the last quarter. Finally, Wealth Group Ltd. lifted its position in shares of NVIDIA by 15.7% during the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock valued at $715,000 after buying an additional 896 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

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.