NVIDIA (NASDAQ:NVDA) Given New $200.00 Price Target at DA Davidson

Key Points

• DA Davidson cut NVIDIA’s price target from $300 to $200 but kept a Buy rating; the new target implies 20.82% upside from the stock’s reported $165.53 price. Analysts’ overall consensus remains Moderate Buy, with an average target of $287.01.
• NVIDIA reported quarterly earnings and revenue above analyst expectations, with revenue up 105.9% year over year. Its board also authorized a $150 billion share-repurchase program.
• The article reports that CFO Colette Kress is serving as interim CEO while the board seeks a permanent successor. The leadership change raises succession concerns, though NVIDIA says operations and its product roadmap should continue without interruption.

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price target reduced by equities research analysts at DA Davidson from $300.00 to $200.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a "buy" rating on the computer hardware maker's stock. DA Davidson's target price points to a potential upside of 20.82% from the company's current price.

NVDA has been the subject of several other reports. Yorkville Ives began coverage on shares of NVIDIA in a report on Tuesday, October 6th. They issued an "outperform" rating and a $300.00 target price for the company. Rothschild & Co Redburn boosted their price target on shares of NVIDIA from $300.00 to $325.00 in a report on Thursday, August 27th. Deutsche Bank restated a "buy" rating on shares of NVIDIA in a research report on Monday, August 31st. KeyCorp lowered shares of NVIDIA from an "overweight" rating to a "sector weight" rating in a research note on Thursday. Finally, Citigroup decreased their price objective on shares of NVIDIA from $315.00 to $285.00 and set a "buy" rating for the company in a research note on Tuesday. Five research analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average price target of $287.01.

NVIDIA Price Performance

Shares of NVDA traded down $8.20 during mid-day trading on Thursday, hitting $165.53. The company's stock had a trading volume of 567,783,241 shares, compared to its average volume of 154,709,672. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. The firm has a 50-day moving average price of $217.12 and a 200 day moving average price of $204.35. NVIDIA has a fifty-two week low of $148.80 and a fifty-two week high of $243.37. The stock has a market capitalization of $3.99 trillion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.30 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating the consensus estimate of $2.09 by $0.13. The business had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business's quarterly revenue was up 105.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 earnings per share. On average, research analysts predict that NVIDIA will post 9.30 EPS for the current fiscal year.

NVIDIA declared that its board has authorized a share buyback program on Monday, September 28th that authorizes the company to buy back $150 billion in shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Share repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, EVP Timothy S. Teter sold 30,460 shares of the firm's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the sale, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at $598,810,648. This trade represents a 1.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total value of $7,648,787.90. Following the sale, the chief financial officer owned 765,103 shares of the company's stock, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,766,118 shares of company stock worth $399,450,353. Corporate insiders own 3.94% of the company's stock.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds have recently added to or reduced their stakes in NVDA. Intelligent Financial Strategies acquired a new position in NVIDIA during the third quarter worth $26,000. Montgomery Financial Services LLC acquired a new stake in shares of NVIDIA in the second quarter worth about $28,000. Langley Wealth Management LLC acquired a new stake in shares of NVIDIA in the second quarter worth about $34,000. Newton One Investments LLC bought a new stake in shares of NVIDIA during the 3rd quarter worth about $34,000. Finally, Phillip James Consulting Co. bought a new stake in shares of NVIDIA during the 1st quarter worth about $40,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Key Headlines Impacting NVIDIA

Here are a few of the latest headlines about NVDA:

• Neutral Sentiment: CFO Colette Kress is interim CEO while the board searches for a permanent successor; NVIDIA says operations, customer commitments and its product roadmap should continue without interruption. NVIDIA announces CEO transition
• Negative Sentiment: Huang’s departure after 33 years raises key-person and succession risks for a company whose strategy and public profile were closely associated with its co-founder. Reports of alleged relationships—including one involving a woman accused of ties to Chinese intelligence—have also brought scrutiny and congressional attention. Coverage of turmoil at NVIDIA
• Negative Sentiment: Investors are also weighing whether customers could shift orders to chip rivals amid the uncertainty. AMD and Broadcom rallied as NVIDIA weakened, underscoring the risk of competitors gaining opportunities. Rivals rally amid NVIDIA selling

NVIDIA Company Profile

NVIDIA Corporation develops graphics processing units (GPUs), accelerated computing platforms and related software. Founded in 1993, the company first became widely known for GPUs used in PC gaming and professional graphics. Its technology now also supports artificial intelligence, scientific computing and other data-intensive applications. NVIDIA's offerings include GeForce products for gaming, data-center GPUs and systems for AI workloads, and networking products that connect computing infrastructure.

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