Stifel Nicolaus Issues Positive Forecast for NVIDIA (NASDAQ:NVDA) Stock Price

Key Points

• Stifel Nicolaus has raised its price target for NVIDIA from $202.00 to $212.00, suggesting a potential upside of 17.17% from its previous close.
• NVIDIA currently holds a Moderate Buy rating with four analysts giving it a Strong Buy, and the average target price across firms is $194.31.
• Insider activity showed significant selling, with executives selling a total of approximately $902 million worth of shares in the last three months.

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price target increased by research analysts at Stifel Nicolaus from $202.00 to $212.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the computer hardware maker's stock. Stifel Nicolaus' price objective would suggest a potential upside of 17.17% from the stock's previous close.

Several other research firms have also recently issued reports on NVDA. Morgan Stanley reaffirmed an "overweight" rating and issued a $206.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Monday, August 18th. KeyCorp upped their price target on NVIDIA from $190.00 to $215.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Oppenheimer upped their price target on NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Rosenblatt Securities upped their price target on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Finally, Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $194.31.

NVIDIA Price Performance

NVDA traded up $2.9460 during trading on Monday, reaching $180.9360. The stock had a trading volume of 103,941,481 shares, compared to its average volume of 239,054,656. The firm has a market capitalization of $4.41 trillion, a price-to-earnings ratio of 58.39, a price-to-earnings-growth ratio of 1.56 and a beta of 2.14. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA has a 1-year low of $86.62 and a 1-year high of $184.48. The stock has a 50 day moving average of $167.35 and a two-hundred day moving average of $137.46.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The business's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. NVIDIA has set its Q2 2026 guidance at EPS. As a group, equities analysts anticipate that NVIDIA will post 2.77 EPS for the current fiscal year.

Insider Buying and Selling

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director directly owned 26,671,360 shares in the company, valued at $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,912,440 shares of company stock valued at $902,886,782 in the last three months. 4.17% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC boosted its holdings in NVIDIA by 267,959.7% during the second 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 in the last quarter. Norges Bank acquired a new stake in NVIDIA during the second quarter valued at approximately $51,386,863,000. Nuveen LLC acquired a new stake in NVIDIA during the first quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. boosted its holdings in NVIDIA by 123.5% during the first 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 purchasing an additional 103,889,872 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after purchasing an additional 48,439,859 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

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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