NVIDIA (NASDAQ:NVDA) Rating Increased to Buy at Wall Street Zen

Key Points

• Investment analysts at Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating, indicating increased confidence in the company's stock performance.
• NVIDIA's stock has a consensus price target of $222.23 based on ratings from multiple brokerages, with five analysts rating it as a Strong Buy.
• The company recently reported quarterly earnings, surpassing analysts' expectations with $1.05 EPS and revenues of $46.74 billion, reflecting a significant year-over-year growth of 55.6%.

NVIDIA (NASDAQ:NVDA - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Sunday.

A number of other brokerages also recently issued reports on NVDA. DA Davidson upgraded shares of NVIDIA from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $195.00 to $210.00 in a research note on Thursday, September 11th. Rosenblatt Securities reiterated a "buy" rating and set a $215.00 price objective on shares of NVIDIA in a research note on Tuesday, September 23rd. Weiss Ratings restated a "buy (b)" rating on shares of NVIDIA in a research note on Wednesday, October 8th. Needham & Company LLC restated a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $222.23.

NVIDIA Trading Up 0.8%

Shares of NVIDIA stock opened at $183.22 on Friday. The company has a market capitalization of $4.45 trillion, a price-to-earnings ratio of 52.20, a PEG ratio of 1.32 and a beta of 2.12. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA has a 12-month low of $86.62 and a 12-month high of $195.62. The firm's 50-day moving average price is $179.40 and its two-hundred day moving average price is $153.27.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (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 the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business's revenue for the quarter was up 55.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts forecast that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harvey C. Jones sold 250,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares of the company's stock, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,753,937 shares of company stock worth $667,769,026. 4.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NVDA. Kingstone Capital Partners Texas LLC raised its holdings in 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 worth $64,976,521,000 after purchasing an additional 382,231,120 shares during the last quarter. Norges Bank bought a new position in NVIDIA during the 2nd quarter worth approximately $51,386,863,000. Nuveen LLC bought a new stake in shares of NVIDIA in the 1st quarter valued at $15,089,414,000. Goldman Sachs Group Inc. increased its stake in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of NVIDIA by 204.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after acquiring an additional 23,948,733 shares in 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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