NVIDIA (NASDAQ:NVDA) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

NVIDIA (NASDAQ:NVDAGet Free Report) had its target price raised by analysts at Rosenblatt Securities from $245.00 to $300.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the computer hardware maker’s stock. Rosenblatt Securities’ price target points to a potential upside of 69.31% from the company’s current price.

Several other equities research analysts have also recently commented on NVDA. The Goldman Sachs Group set a $250.00 target price on shares of NVIDIA and gave the stock a “buy” rating in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $240.00 price objective on shares of NVIDIA in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on NVIDIA from $180.00 to $215.00 and gave the company a “hold” rating in a research report on Thursday, November 20th. Piper Sandler reiterated an “overweight” rating on shares of NVIDIA in a report on Thursday. Finally, Benchmark raised their target price on NVIDIA from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, NVIDIA presently has a consensus rating of “Buy” and an average target price of $271.86.

View Our Latest Stock Report on NVDA

NVIDIA Price Performance

NVDA opened at $177.19 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. NVIDIA has a 52-week low of $86.62 and a 52-week high of $212.19. The stock has a market capitalization of $4.31 trillion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 0.54 and a beta of 2.31. The stock’s 50 day moving average price is $186.43 and its 200-day moving average price is $183.86.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. The company had revenue of $68.13 billion during the quarter, compared to analyst estimates of $65.56 billion. NVIDIA had a return on equity of 110.96% and a net margin of 55.60%.The firm’s revenue was up 73.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share. On average, equities research analysts predict that NVIDIA will post 2.77 EPS for the current year.

Insider Buying and Selling

In other NVIDIA news, EVP Debora Shoquist sold 80,000 shares of NVIDIA stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $178.90, for a total value of $14,312,000.00. Following the completion of the transaction, the executive vice president directly owned 1,494,443 shares of the company’s stock, valued at approximately $267,355,852.70. The trade was a 5.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ajay K. Puri sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $187.82, for a total transaction of $37,564,000.00. Following the completion of the transaction, the executive vice president owned 3,818,547 shares in the company, valued at approximately $717,199,497.54. This represents a 4.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,610,848 shares of company stock worth $291,619,375 over the last quarter. 4.17% of the stock is owned by insiders.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in NVIDIA during the 4th quarter valued at about $62,244,133,000. J. Stern & Co. LLP raised its holdings in shares of NVIDIA by 13,709.1% during the fourth quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker’s stock valued at $23,454,297,000 after purchasing an additional 124,849,603 shares during the last quarter. Cardano Risk Management B.V. raised its holdings in shares of NVIDIA by 896.4% during the fourth quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker’s stock valued at $14,570,119,000 after purchasing an additional 70,283,539 shares during the last quarter. Capital Research Global Investors lifted its position in NVIDIA by 16.1% during the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock valued at $30,855,564,000 after purchasing an additional 22,896,705 shares during the period. Finally, Laurel Wealth Advisors LLC boosted its holdings in NVIDIA by 15,496.1% in the second quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock worth $3,454,534,000 after purchasing an additional 21,725,326 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

NVIDIA Company Profile

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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.

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