NVIDIA (NASDAQ:NVDA) Earns Buy Rating from Needham & Company LLC

NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a research note issued to investors on Thursday,Benzinga reports. They presently have a $240.00 price target on the computer hardware maker’s stock. Needham & Company LLC’s price objective suggests a potential upside of 28.67% from the stock’s previous close.

A number of other brokerages have also recently issued reports on NVDA. Rothschild & Co Redburn boosted their price objective on NVIDIA from $211.00 to $245.00 and gave the company a “buy” rating in a research note on Monday. Benchmark lifted their target price on shares of NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Evercore ISI set a $261.00 price target on shares of NVIDIA and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $300.00 price objective on shares of NVIDIA in a report on Wednesday, October 29th. Finally, Loop Capital lifted their price objective on shares of NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Buy” and a consensus price target of $252.39.

NVIDIA Trading Up 2.8%

NASDAQ:NVDA opened at $186.52 on Thursday. NVIDIA has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The firm’s 50 day moving average is $186.37 and its 200 day moving average is $167.48. The stock has a market capitalization of $4.53 trillion, a PE ratio of 53.14, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last released its 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 return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. During the same period last year, the business posted $0.81 earnings per share. The business’s revenue for the quarter was up 62.5% on a year-over-year basis. NVIDIA has set its Q4 2026 guidance at EPS. Sell-side analysts expect that NVIDIA will post 2.77 earnings per share for the current year.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 72,248,366 shares of the company’s stock, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,251,577 shares of company stock valued at $583,143,187. 4.17% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Harbor Asset Planning Inc. purchased a new position in NVIDIA in the 2nd quarter worth approximately $28,000. Winnow Wealth LLC bought a new stake in shares of NVIDIA in the 2nd quarter worth $32,000. Longfellow Investment Management Co. LLC raised its stake in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares during the last quarter. Spurstone Advisory Services LLC bought a new position in shares of NVIDIA during the second quarter valued at $40,000. Finally, Kathleen S. Wright Associates Inc. boosted its position in shares of 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 last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

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.