Weiss Ratings Reiterates "Buy (B)" Rating for NVIDIA (NASDAQ:NVDA)

Key Points

• Weiss Ratings has reiterated its "Buy (B)" rating for NVIDIA (NASDAQ: NVDA), indicating continued analyst confidence in the company.
• Multiple research firms, including Goldman Sachs and Benchmark, have set price targets for NVIDIA between $210 and $300, reflecting strong buy sentiments among analysts.
• NVIDIA's latest earnings report revealed a 55.6% year-over-year increase in revenue, further reinforcing its strong financial performance with earnings per share of $1.05, exceeding analyst expectations.

NVIDIA (NASDAQ:NVDA - Get Free Report)'s stock had its "buy (b)" rating restated by stock analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

NVDA has been the topic of a number of other research reports. The Goldman Sachs Group set a $210.00 price target on shares of NVIDIA and gave the company a "buy" rating in a research note on Monday, October 6th. DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and upped their price target for the company from $195.00 to $210.00 in a research note on Thursday, September 11th. Benchmark upped their price target on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Cantor Fitzgerald set a $300.00 price target on shares of NVIDIA and gave the company an "overweight" rating in a research note on Thursday, October 9th. Finally, BNP Paribas raised shares of NVIDIA to a "hold" rating in a research note on Friday, August 1st. Five research analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $222.23.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $186.26 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The firm has a fifty day moving average price of $179.46 and a 200 day moving average price of $156.23. NVIDIA has a fifty-two week low of $86.62 and a fifty-two week high of $195.62. The firm has a market cap of $4.53 trillion, a price-to-earnings ratio of 53.07, a P/E/G ratio of 1.34 and a beta of 2.12.

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

Insider Transactions at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the transaction, the chief executive officer owned 73,523,225 shares in the company, valued at approximately $13,098,897,766. 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 ninety days, insiders have sold 3,801,577 shares of company stock worth $678,643,875. Insiders own 4.17% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NVDA. Harbor Asset Planning Inc. bought a new position in shares of NVIDIA in the second quarter worth about $28,000. Winnow Wealth LLC bought a new position in NVIDIA during the 2nd quarter worth about $32,000. Longfellow Investment Management Co. LLC grew its holdings in NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after acquiring an additional 67 shares in the last quarter. Spurstone Advisory Services LLC bought a new position in NVIDIA during the 2nd quarter worth about $40,000. Finally, Kathleen S. Wright Associates Inc. grew its holdings in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares in the last quarter. 65.27% of the stock is currently owned by 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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