Cantor Fitzgerald Reiterates "Overweight" Rating for NVIDIA (NASDAQ:NVDA)

Key Points

• Cantor Fitzgerald reaffirmed its “overweight” rating on NVIDIA and maintained a $350 price target, implying nearly 63% upside from the cited prior close. Analysts overall remain bullish, with a consensus “Buy” rating and $308.01 average target.
• NVIDIA’s board authorized an $80 billion share-repurchase program, allowing the company to buy back up to 1.5% of its outstanding shares.
• Institutional investors own approximately 65.27% of NVIDIA, while insiders sold about $410.6 million worth of shares over the past 90 days.

NVIDIA (NASDAQ:NVDA - Get Free Report)'s stock had its "overweight" rating reaffirmed by investment analysts at Cantor Fitzgerald in a research note issued on Monday,Benzinga reports. They presently have a $350.00 price objective on the computer hardware maker's stock. Cantor Fitzgerald's price target indicates a potential upside of 62.98% from the company's previous close.

Other equities research analysts have also issued research reports about the stock. Rothschild & Co Redburn upped their target price on shares of NVIDIA from $280.00 to $300.00 and gave the stock a "buy" rating in a report on Tuesday, May 26th. Royal Bank Of Canada restated an "outperform" rating and set a $300.00 price target on shares of NVIDIA in a research report on Thursday. Jefferies Financial Group reaffirmed a "buy" rating and set a $300.00 price objective (up from $275.00) on shares of NVIDIA in a research note on Thursday, May 21st. Citic Securities raised their target price on shares of NVIDIA from $242.00 to $315.00 and gave the stock a "buy" rating in a research note on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $255.00 target price (up from $220.00) on shares of NVIDIA in a report on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, NVIDIA has a consensus rating of "Buy" and a consensus price target of $308.01.

NVIDIA Stock Up 0.0%

NVDA opened at $214.75 on Monday. The company has a market cap of $5.20 trillion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 0.42 and a beta of 2.23. NVIDIA has a twelve month low of $164.07 and a twelve month high of $236.54. The company has a 50-day moving average price of $207.47 and a 200 day moving average price of $199.62. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04.

NVIDIA announced that its board has authorized a stock repurchase plan on Wednesday, May 20th that permits the company to repurchase $80.00 billion in shares. This repurchase authorization permits the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 625 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the sale, the director owned 14,163 shares in the company, valued at $3,030,882. This trade represents a 4.23% decrease in their position. The sale was disclosed in a filing 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, Director Stephen C. Neal sold 15,500 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the sale, the director directly owned 116,135 shares in the company, valued at approximately $25,053,803.55. The trade was a 11.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,901,125 shares of company stock worth $410,583,015 in the last 90 days. Insiders own 3.94% of the company's stock.

Hedge Funds Weigh In On NVIDIA

Several large investors have recently modified their holdings of NVDA. Tanager Wealth Management LLP increased its position in shares of NVIDIA by 9.5% during the 2nd quarter. Tanager Wealth Management LLP now owns 21,939 shares of the computer hardware maker's stock worth $4,390,000 after purchasing an additional 1,912 shares during the last quarter. Washington Trust Advisors Inc. boosted its stake in NVIDIA by 5.7% during the second quarter. Washington Trust Advisors Inc. now owns 188,690 shares of the computer hardware maker's stock worth $37,755,000 after buying an additional 10,257 shares during the period. Ameritas Advisory Services LLC boosted its stake in NVIDIA by 63.5% during the second quarter. Ameritas Advisory Services LLC now owns 313,129 shares of the computer hardware maker's stock worth $62,654,000 after buying an additional 121,664 shares during the period. Trevian Wealth Management LLC increased its position in shares of NVIDIA by 7.8% during the second quarter. Trevian Wealth Management LLC now owns 5,551 shares of the computer hardware maker's stock valued at $1,111,000 after acquiring an additional 404 shares during the last quarter. Finally, Varenne Capital Partners purchased a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $30,984,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Wall Street expects approximately $92 billion in quarterly revenue and strong year-over-year earnings growth. A beat accompanied by higher guidance—particularly for the next-generation Vera Rubin platform, China shipments, and networking—could revive the AI trade. Nvidia's Earnings Will Test Wall Street's Faith in the AI Boom
• Positive Sentiment: Analysts and commentators continue to highlight NVIDIA’s full-stack advantage across GPUs, networking, systems, and software. Data centers now generate more than 90% of revenue, underscoring the company’s exposure to continued hyperscaler and AI-factory investment. I've Covered Semiconductors for Years. Nvidia Is My No.
• Positive Sentiment: NVIDIA is reportedly discussing an investment in AI search startup Perplexity at a valuation above $30 billion. The potential deal could broaden NVIDIA’s strategic exposure to AI applications and reinforce its ecosystem. Nvidia discusses Perplexity investment
• Positive Sentiment: Reported price increases of more than 15% on some AI servers, along with continued data-center development partnerships, could support future revenue and pricing power, although higher costs may complicate the benefit. Nvidia customers notified about AI-related price hikes

About NVIDIA

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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