NVIDIA’s (NVDA) Outperform Rating Reiterated at Royal Bank Of Canada

NVIDIA (NASDAQ:NVDA)‘s stock had its “outperform” rating restated by Royal Bank Of Canada in a research note issued to investors on Monday, Benzinga reports. They presently have a $330.00 target price on the computer hardware maker’s stock. Royal Bank Of Canada‘s price objective would suggest a potential upside of 76.81% from the company’s current price.

Several other research analysts have also weighed in on the company. Wedbush upped their price target on NVIDIA from $330.00 to $345.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Zacks Research upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 21st. Raymond James Financial set a $515.00 target price on NVIDIA and gave the company a “strong-buy” rating in a research note on Thursday, August 27th. Phillip Securities lifted their target price on NVIDIA from $285.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Finally, Oppenheimer set a $315.00 target price on NVIDIA and gave the company an “outperform” rating in a report on Thursday, August 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Buy” and an average price target of $318.85.

NVIDIA Price Performance

NVDA stock opened at $186.64 on Monday. 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 has a one year low of $164.27 and a one year high of $243.37. The firm has a market capitalization of $4.50 trillion, a PE ratio of 23.60, a P/E/G ratio of 1.43 and a beta of 2.21. The firm has a 50-day moving average of $219.80 and a two-hundred day moving average of $204.53.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. During the same period last year, the firm posted $1.05 earnings per share. The firm’s quarterly revenue was up 105.9% compared to the same quarter last year. On average, analysts forecast that NVIDIA will post 9.30 earnings per share for the current year.

NVIDIA announced that its board has initiated a share repurchase plan on Monday, September 28th that permits the company to repurchase $150 billion in outstanding shares. This buyback authorization permits the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Share buyback plans are often a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 34,918 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the sale, the chief financial officer directly owned 765,103 shares of the company’s stock, valued at $167,595,812.15. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy S. 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 sale, the executive vice president owned 2,687,660 shares of the company’s stock, valued at approximately $598,810,648. This represents a 1.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,766,118 shares of company stock worth $399,450,353 over the last 90 days. 3.94% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. Pensioenfonds Rail & OV acquired a new stake in NVIDIA in the 3rd quarter valued at about $34,844,000. IFG Advisory LLC grew its position in shares of NVIDIA by 3.4% during the third quarter. IFG Advisory LLC now owns 173,523 shares of the computer hardware maker’s stock worth $39,629,000 after buying an additional 5,679 shares in the last quarter. Avise Financial Cooperative Inc. grew its position in shares of NVIDIA by 6.2% during the third quarter. Avise Financial Cooperative Inc. now owns 2,259 shares of the computer hardware maker’s stock worth $516,000 after buying an additional 131 shares in the last quarter. Bellwether Advisors LLC grew its position in shares of NVIDIA by 218.0% during the third quarter. Bellwether Advisors LLC now owns 16,831 shares of the computer hardware maker’s stock worth $3,844,000 after buying an additional 11,538 shares in the last quarter. Finally, ODonnell Financial Services LLC increased its stake in shares of NVIDIA by 23.6% during the third quarter. ODonnell Financial Services LLC now owns 11,237 shares of the computer hardware maker’s stock worth $2,566,000 after buying an additional 2,147 shares during the period. Institutional investors own 65.27% of the company’s stock.

Key NVIDIA News

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

NVIDIA Company Profile

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.