NVIDIA’s (NVDA) “Buy” Rating Reiterated at The Goldman Sachs Group

NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating restated by equities research analysts at The Goldman Sachs Group in a research note issued to investors on Monday, Benzinga reports. They currently have a $300.00 price objective on the computer hardware maker’s stock. The Goldman Sachs Group‘s price objective points to a potential upside of 60.74% from the company’s previous close.

NVDA has been the topic of a number of other reports. Yorkville Ives started coverage on NVIDIA in a report on Tuesday, October 6th. They issued an “outperform” rating and a $300.00 price target on the stock. Royal Bank Of Canada upped their price objective on NVIDIA from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. DZ Bank reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, August 26th. Stifel Nicolaus set a $315.00 price objective on NVIDIA in a report on Thursday, August 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $300.00 target price on shares of NVIDIA in a research report on Wednesday, October 21st. Five analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $318.85.

NVIDIA Stock Performance

NVDA opened at $186.64 on Monday. The stock has a market capitalization of $4.50 trillion, a P/E ratio of 23.60, a P/E/G ratio of 1.43 and a beta of 2.21. NVIDIA has a 12 month low of $164.27 and a 12 month high of $243.37. The firm’s fifty day simple moving average is $219.80 and its 200 day simple moving average is $204.53. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.13. The firm had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The company’s revenue for the quarter was up 105.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 EPS. As a group, research analysts anticipate that NVIDIA will post 9.30 EPS for the current fiscal year.

NVIDIA announced that its Board of Directors has approved a share repurchase plan on Monday, September 28th that permits the company to repurchase $150 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other news, EVP Timothy Teter sold 30,460 shares of NVIDIA stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the completion of the transaction, the executive vice president owned 2,687,660 shares of the company’s stock, valued at $598,810,648. This trade represents a 1.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the transaction, the director owned 2,336,531 shares in the company, valued at $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,766,118 shares of company stock valued at $399,450,353 in the last quarter. Company insiders own 3.94% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Intelligent Financial Strategies acquired a new position in shares of NVIDIA in the third quarter valued at approximately $26,000. Montgomery Financial Services LLC bought a new position in shares of NVIDIA during the second quarter worth approximately $28,000. Newton One Investments LLC bought a new position in shares of NVIDIA during the third quarter worth approximately $34,000. Phillip James Consulting Co. bought a new position in shares of NVIDIA during the first quarter worth approximately $40,000. Finally, Bard Associates Inc. lifted its holdings in NVIDIA by 8,866.7% during the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker’s stock worth $54,000 after purchasing an additional 266 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA announced a collaboration with South Korea’s Rebellions and SK Telecom, combining NVIDIA’s NVLink Fusion and MGX platforms with Korean-designed processors and AI services to support sovereign AI infrastructure. Article: NVIDIA, Rebellions and SK Telecom collaboration
• Neutral Sentiment: The board says it has no reason to believe NVIDIA secrets or national security information were compromised. Huang says he is cooperating with the independent review and remains CEO; President Trump also publicly defended him. Those points may reassure investors, but the investigation’s findings are still unknown. Article: Nvidia CEO turmoil and congressional scrutiny
• Negative Sentiment: The main overhang is the board’s independent investigation into reports that Huang had a relationship with an executive suspected by U.S. intelligence of ties to Chinese intelligence. The allegations raise concerns about potential access to sensitive information, while congressional scrutiny and questions about Huang’s future add governance and leadership uncertainty. Reports say NVDA shares came under pressure as investors assessed the risks. Article: Reactions to Nvidia’s probe into CEO Jensen Huang

About NVIDIA

NVIDIA Corporation develops graphics processing units (GPUs), accelerated computing platforms and related software. Founded in 1993, the company first became widely known for GPUs used in PC gaming and professional graphics. Its technology now also supports artificial intelligence, scientific computing and other data-intensive applications.

NVIDIA’s offerings include GeForce products for gaming, data-center GPUs and systems for AI workloads, and networking products that connect computing infrastructure.