NVIDIA (NASDAQ:NVDA) Earns Overweight Rating from JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reiterated NVIDIA's stock rating as "overweight," with a price target of $215.00, suggesting a potential upside of 25.92% from its current price.
• NVIDIA's stock has received multiple target price increases from various analysts, with the consensus target now set at $207.69 and an overall rating of "Moderate Buy."
• The company's recent quarterly earnings showed a substantial 55.6% year-over-year revenue increase, reporting earnings per share of $1.05, surpassing estimates.

NVIDIA (NASDAQ:NVDA - Get Free Report)'s stock had its "overweight" rating reiterated by equities researchers at JPMorgan Chase & Co. in a note issued to investors on Thursday,Benzinga reports. They currently have a $215.00 price target on the computer hardware maker's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 25.92% from the company's current price.

A number of other analysts also recently weighed in on NVDA. DA Davidson boosted their target price on NVIDIA from $135.00 to $195.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Sanford C. Bernstein restated an "outperform" rating and issued a $225.00 target price (up previously from $185.00) on shares of NVIDIA in a research report on Thursday, August 28th. Benchmark boosted their target price on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Mizuho boosted their price objective on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Finally, TD Cowen boosted their price objective on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $207.69.

NVIDIA Price Performance

NVDA stock traded up $0.13 during mid-day trading on Thursday, reaching $170.75. 47,004,149 shares of the company traded hands, compared to its average volume of 237,600,297. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 2.96. The company has a market capitalization of $4.15 trillion, a P/E ratio of 48.68, a P/E/G ratio of 1.30 and a beta of 2.10. NVIDIA has a 52-week low of $86.62 and a 52-week high of $184.48. The company has a fifty day moving average price of $172.21 and a 200-day moving average price of $139.78.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. NVIDIA's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts anticipate that NVIDIA will post 2.77 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the transaction, the chief financial officer directly owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $12,723,750.00. Following the transaction, the chief executive officer directly owned 72,698,366 shares in the company, valued at approximately $12,333,277,791.90. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,951,604 shares of company stock worth $772,854,889. Insiders own 4.17% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NVDA. Kingstone Capital Partners Texas LLC increased its position in shares of NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after purchasing an additional 382,231,120 shares during the last quarter. Norges Bank purchased a new stake in shares of NVIDIA during the 2nd quarter worth $51,386,863,000. Nuveen LLC purchased a new stake in NVIDIA in the first quarter valued at about $15,089,414,000. Goldman Sachs Group Inc. raised its stake in shares of NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares during the last quarter. 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.

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