NVIDIA (NASDAQ:NVDA) Earns “Outperform” Rating from Oppenheimer

NVIDIA (NASDAQ:NVDA)‘s stock had its “outperform” rating reiterated by stock analysts at Oppenheimer in a research report issued on Thursday,Benzinga reports. They presently have a $265.00 price target on the computer hardware maker’s stock. Oppenheimer’s target price suggests a potential upside of 44.35% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Rothschild & Co Redburn upped their price target on NVIDIA from $211.00 to $245.00 and gave the stock a “buy” rating in a report on Monday. Seaport Global Securities increased their target price on NVIDIA from $100.00 to $140.00 and gave the company a “sell” rating in a research report on Monday. BNP Paribas raised shares of NVIDIA to a “hold” rating in a research note on Friday, August 1st. Hsbc Global Res raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, Benchmark lifted their target price on shares of NVIDIA from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NVIDIA has an average rating of “Buy” and a consensus price target of $253.72.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded down $2.94 during midday trading on Thursday, reaching $183.58. 232,816,755 shares of the stock were exchanged, compared to its average volume of 225,174,359. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm has a 50-day simple moving average of $186.37 and a two-hundred day simple moving average of $167.48. NVIDIA has a twelve month low of $86.62 and a twelve month high of $212.19. The firm has a market cap of $4.46 trillion, a price-to-earnings ratio of 52.30, a PEG ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. During the same period in the prior year, the firm posted $0.81 earnings per share. The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. As a group, analysts anticipate that NVIDIA will post 2.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was 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 directly owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,251,577 shares of company stock valued at $583,143,187. Insiders own 4.17% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently made changes to their positions in NVDA. State Street Corp boosted its stake in shares of NVIDIA by 1.0% in the second quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock valued at $154,556,803,000 after purchasing an additional 9,554,857 shares during the period. Geode Capital Management LLC increased its position in shares of NVIDIA by 1.5% during the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock worth $91,150,170,000 after acquiring an additional 8,521,936 shares during the period. Kingstone Capital Partners Texas LLC boosted its holdings in NVIDIA by 267,959.7% in 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 purchasing an additional 382,231,120 shares during the period. Norges Bank acquired a new position in NVIDIA during the 2nd quarter worth $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of NVIDIA by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock valued at $22,412,434,000 after buying an additional 5,896,735 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

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.