NVIDIA (NASDAQ:NVDA) Given New $242.00 Price Target at Citic Securities

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price target lifted by equities researchers at Citic Securities from $237.00 to $242.00 in a research note issued on Thursday,MarketScreener reports. The brokerage currently has a "buy" rating on the computer hardware maker's stock. Citic Securities' price objective indicates a potential upside of 24.84% from the company's current price.

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NVDA has been the subject of a number of other reports. KeyCorp lifted their price target on NVIDIA from $250.00 to $275.00 and gave the company an "overweight" rating in a report on Thursday. Hsbc Global Res raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 15th. Needham & Company LLC restated a "buy" rating and set a $240.00 target price on shares of NVIDIA in a research report on Thursday. Seaport Global Securities lifted their price objective on NVIDIA from $100.00 to $140.00 and gave the stock a "sell" rating in a research report on Monday. Finally, New Street Research restated a "buy" rating and set a $307.00 target price on shares of NVIDIA in a research report on Thursday, October 30th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of "Buy" and an average price target of $253.72.

View Our Latest Report on NVIDIA

NVIDIA Price Performance

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NVIDIA stock traded up $7.32 during midday trading on Thursday, hitting $193.84. The company's stock had a trading volume of 76,552,151 shares, compared to its average volume of 224,419,719. NVIDIA has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a market capitalization of $4.71 trillion, a PE ratio of 55.27, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The stock's 50-day moving average price is $186.37 and its 200-day moving average price is $167.48. 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 (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.07. The company had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company's revenue for the quarter was up 62.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. NVIDIA has set its Q4 2026 guidance at EPS. Analysts anticipate that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Insider Transactions at NVIDIA

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In related news, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $208.33, for a total value of $5,758,241.20. Following the transaction, the chief financial officer owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. This represents a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the sale, the chief executive officer directly owned 69,733,203 shares of the company's stock, valued at approximately $14,498,230,235.73. The trade was a 0.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,251,577 shares of company stock worth $583,143,187. 4.17% of the stock is owned by insiders.

Institutional Trading of NVIDIA

Institutional investors and hedge funds have recently modified their holdings of the business. Kingstone Capital Partners Texas LLC increased its position in shares of 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 buying an additional 382,231,120 shares during the period. Norges Bank purchased a new position in shares of NVIDIA in the 2nd quarter valued at approximately $51,386,863,000. Nuveen LLC purchased a new stake in NVIDIA in the first quarter worth $15,089,414,000. Goldman Sachs Group Inc. raised its holdings in 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 in the last quarter. Finally, Capital Research Global Investors lifted its position in NVIDIA by 16.1% during the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock valued at $30,855,564,000 after buying an additional 22,896,705 shares during the period. 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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