NVIDIA (NASDAQ:NVDA) Price Target Raised to $220.00

NVIDIA (NASDAQ:NVDA) had its price target increased by Citigroup from $210.00 to $220.00 in a report issued on Monday,MarketScreener reports. Citigroup’s price objective suggests a potential upside of 12.84% from the stock’s previous close.

Several other research analysts have also recently weighed in on NVDA. New Street Research reissued a “buy” rating and set a $307.00 price objective on shares of NVIDIA in a report on Thursday, October 30th. Melius Research set a $300.00 price objective on NVIDIA in a report on Wednesday, October 29th. Stifel Nicolaus raised their target price on NVIDIA from $202.00 to $212.00 and gave the stock a “buy” rating in a research report on Monday, August 25th. President Capital upped their price target on NVIDIA from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NVIDIA in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and a consensus target price of $234.00.

NVIDIA Stock Performance

NVIDIA stock opened at $194.96 on Monday. NVIDIA has a twelve month low of $86.62 and a twelve month high of $212.19. 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 company has a market capitalization of $4.74 trillion, a P/E ratio of 55.58, a PEG ratio of 1.49 and a beta of 2.11. The stock’s 50 day moving average is $183.43 and its 200 day moving average is $163.40.

NVIDIA (NASDAQ:NVDA) last released its earnings results 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 for the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts predict that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the sale, the chief executive officer owned 72,698,366 shares of the company’s stock, valued at $12,333,277,791.90. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the sale, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,401,577 shares of company stock valued at $610,228,687. 4.17% of the stock is owned by corporate insiders.

Institutional Trading of NVIDIA

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Joule Financial LLC grew its position in NVIDIA by 2.2% during the third quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker’s stock valued at $431,000 after buying an additional 50 shares during the period. Vision Financial Markets LLC increased its stake in shares of NVIDIA by 1.2% during the 3rd quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock worth $866,000 after purchasing an additional 53 shares during the last quarter. Websterrogers Financial Advisors LLC increased its stake in shares of NVIDIA by 2.6% during the 3rd quarter. Websterrogers Financial Advisors LLC now owns 2,118 shares of the computer hardware maker’s stock worth $395,000 after purchasing an additional 54 shares during the last quarter. IMG Wealth Management Inc. lifted its stake in NVIDIA by 1.4% in the third quarter. IMG Wealth Management Inc. now owns 3,820 shares of the computer hardware maker’s stock valued at $713,000 after purchasing an additional 54 shares during the last quarter. Finally, Cyr Financial Inc. increased its position in NVIDIA by 0.7% in the third quarter. Cyr Financial Inc. now owns 7,737 shares of the computer hardware maker’s stock worth $1,444,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Company Profile

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.