NVIDIA (NASDAQ:NVDA) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

NVIDIA (NASDAQ:NVDA) had its price target raised by JPMorgan Chase & Co. from $170.00 to $215.00 in a report released on Thursday. The firm currently has an “overweight” rating on the computer hardware maker’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 20.51% from the stock’s current price.

Several other equities analysts have also weighed in on NVDA. Phillip Securities raised NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. Benchmark increased their price objective on NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday. Summit Insights upgraded NVIDIA from a “hold” rating to a “buy” rating in a research report on Thursday, May 29th. Wedbush restated an “outperform” rating and set a $210.00 price target on shares of NVIDIA in a research report on Thursday. Finally, Bank of America raised their price objective on NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.97.

NVIDIA Stock Down 1.8%

NVDA stock traded down $3.20 during trading on Thursday, reaching $178.41. 82,059,885 shares of the stock were exchanged, compared to its average volume of 237,892,625. The firm’s 50 day moving average is $169.53 and its 200 day moving average is $138.41. NVIDIA has a twelve month low of $86.62 and a twelve month high of $184.48. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.35 trillion, a P/E ratio of 57.74, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The company’s revenue for the quarter was up 55.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts forecast that NVIDIA will post 2.77 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the completion of the sale, the chief executive officer owned 72,848,225 shares of the company’s stock, valued at $13,095,196,926. The trade was a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the transaction, the chief financial officer directly owned 2,956,876 shares of the company’s stock, valued at $526,501,340.56. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,912,440 shares of company stock valued at $902,886,782. Insiders own 4.17% of the company’s stock.

Institutional Trading of NVIDIA

Several hedge funds have recently made changes to their positions in the business. Harbor Asset Planning Inc. bought a new position in NVIDIA during the 2nd quarter worth about $28,000. Winnow Wealth LLC bought a new stake in shares of NVIDIA in the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC boosted its stake in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA during the second quarter valued at approximately $40,000. Finally, Kathleen S. Wright Associates Inc. increased its holdings in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares during the period. 65.27% of the stock is currently 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.