NVIDIA (NASDAQ:NVDA) Price Target Raised to $330.00

NVIDIA (NASDAQ:NVDA) had its target price lifted by investment analysts at Wedbush from $300.00 to $330.00 in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the computer hardware maker’s stock. Wedbush’s target price would indicate a potential upside of 47.67% from the company’s current price.

A number of other analysts have also recently weighed in on NVDA. Citigroup began coverage on NVIDIA in a research report on Wednesday, April 15th. They issued a “buy” rating for the company. Oppenheimer reissued an “outperform” rating and issued a $265.00 price objective on shares of NVIDIA in a research note on Thursday, February 26th. William Blair set a $300.00 target price on NVIDIA in a research report on Thursday, March 12th. Wolfe Research reiterated an “outperform” rating and set a $275.00 price target on shares of NVIDIA in a report on Thursday. Finally, Fundamental Research set a $218.00 price target on shares of NVIDIA in a research report on Thursday, February 26th. Four investment analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $295.10.

NVIDIA Price Performance

NVDA opened at $223.47 on Thursday. The stock has a fifty day moving average price of $194.82 and a 200 day moving average price of $188.75. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. NVIDIA has a 1 year low of $129.16 and a 1 year high of $236.54. The stock has a market cap of $5.41 trillion, a price-to-earnings ratio of 45.61, a PEG ratio of 0.69 and a beta of 2.25.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. The company had revenue of $81.62 billion during the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The business’s quarterly revenue was up 85.2% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. Analysts forecast that NVIDIA will post 7.85 EPS for the current fiscal year.

NVIDIA declared that its Board of Directors has initiated a share buyback program on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to buy up to 1.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 300,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $182.25, for a total value of $54,675,000.00. Following the sale, the executive vice president directly owned 3,018,547 shares in the company, valued at $550,130,190.75. This trade represents a 9.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 20,000 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $174.89, for a total transaction of $3,497,800.00. Following the transaction, the chief financial officer owned 83,060 shares in the company, valued at approximately $14,526,363.40. The trade was a 19.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 906,336 shares of company stock worth $162,802,518. 4.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NVIDIA

Large investors have recently added to or reduced their stakes in the company. Lifetime Wealth Management P.C. bought a new position in NVIDIA in the fourth quarter worth $26,000. Longview Financial Advisors Inc. bought a new stake in NVIDIA in the 1st quarter valued at $27,000. Longfellow Investment Management Co. LLC raised its stake in shares of NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares in the last quarter. Phillip James Consulting Co. bought a new position in shares of NVIDIA during the 1st quarter worth about $40,000. Finally, Spurstone Advisory Services LLC bought a new position in shares of NVIDIA during the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA delivered another record quarter, with data center revenue hitting $75.2 billion and networking revenue up sharply, reinforcing its leadership in AI infrastructure. Article Title
• Positive Sentiment: The company boosted shareholder returns with a massive $80 billion buyback and a much higher dividend, signaling management confidence and strong cash generation. Article Title
• Positive Sentiment: Several articles highlighted NVIDIA’s expanding AI opportunity, including new Vera Rubin/CPU products and partnerships that could extend growth beyond hyperscale cloud customers. Article Title
• Neutral Sentiment: Wall Street remains highly divided on the near-term move: bullish reports point to underappreciated growth, while others say expectations were so high that the market may have already priced in much of the beat. Article Title
• Neutral Sentiment: China is still a major overhang. Even though the U.S. cleared some H200 sales, NVIDIA said it is not assuming any China data-center revenue in its outlook, limiting upside from that market for now. Article Title
• Negative Sentiment: Investors are also focused on intensifying AI-chip competition from hyperscalers and rivals like AMD, Intel, and Huawei, which is tempering enthusiasm after the earnings beat. Article Title

About NVIDIA

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.