NVIDIA (NASDAQ:NVDA) Upgraded to "Strong-Buy" at Hsbc Global Res

Key Points

• NVIDIA was upgraded to a "strong-buy" rating by HSBC Global Research, reflecting increasing confidence among analysts regarding the company's stock performance.
• The company has received multiple buy ratings from other research firms, with price targets reaching as high as $245.00, indicating a positive outlook in preparation for upcoming earnings reports.
• Insider trading activity shows significant share sales from directors, with a total of 3,828,937 shares sold recently, suggesting some caution among insiders despite the bullish analyst ratings.

NVIDIA (NASDAQ:NVDA - Get Free Report) was upgraded by equities research analysts at Hsbc Global Res from a "hold" rating to a "strong-buy" rating in a note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of NVIDIA in a research report on Wednesday, October 8th. Robert W. Baird lifted their target price on shares of NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Craig Hallum lifted their price target on shares of NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Finally, Wells Fargo & Company lifted their price target on shares of NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $222.23.

NVIDIA Trading Down 0.1%

Shares of NVIDIA stock opened at $179.83 on Wednesday. NVIDIA has a 1 year low of $86.62 and a 1 year high of $195.62. The firm has a market cap of $4.37 trillion, a PE ratio of 51.23, a PEG ratio of 1.30 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company has a 50 day simple moving average of $179.37 and a two-hundred day simple moving average of $151.96.

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

Insider Buying and Selling

In related news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction 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. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,828,937 shares of company stock valued at $680,708,026 over the last three months. 4.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Websterrogers Financial Advisors LLC boosted its holdings in NVIDIA by 2.6% in the third quarter. Websterrogers Financial Advisors LLC now owns 2,118 shares of the computer hardware maker's stock valued at $395,000 after acquiring an additional 54 shares in the last quarter. Helen Stephens Group LLC boosted its holdings in NVIDIA by 3.9% in the third quarter. Helen Stephens Group LLC now owns 1,483 shares of the computer hardware maker's stock valued at $277,000 after acquiring an additional 56 shares in the last quarter. Morton Brown Family Wealth LLC boosted its holdings in NVIDIA by 1.5% in the second quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker's stock valued at $621,000 after acquiring an additional 58 shares in the last quarter. Roof Eidam Maycock Peralta LLC boosted its holdings in NVIDIA by 0.3% in the second quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker's stock valued at $3,302,000 after acquiring an additional 58 shares in the last quarter. Finally, Alpha Wealth Funds LLC boosted its holdings in NVIDIA by 1.3% in the second quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker's stock valued at $732,000 after acquiring an additional 59 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

About NVIDIA

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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