CICC Research Issues Positive Forecast for NVIDIA (NASDAQ:NVDA) Stock Price

NVIDIA (NASDAQ:NVDA - Get Free Report) had its target price raised by stock analysts at CICC Research from $200.00 to $228.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage presently has an "outperform" rating on the computer hardware maker's stock. CICC Research's price objective would suggest a potential upside of 25.98% from the stock's previous close.

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NVDA has been the topic of several other reports. Arete upped their price objective on shares of NVIDIA from $235.00 to $244.00 and gave the stock a "buy" rating in a research report on Tuesday, October 14th. Needham & Company LLC reissued a "buy" rating and issued a $240.00 price target on shares of NVIDIA in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of NVIDIA from $180.00 to $215.00 and gave the company a "hold" rating in a research report on Thursday. Loop Capital upped their target price on shares of NVIDIA from $250.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday, November 3rd. Finally, New Street Research restated a "buy" rating and set a $307.00 price target on shares of NVIDIA in a research report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $255.57.

Read Our Latest Stock Report on NVDA

NVIDIA Trading Down 3.0%

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Shares of NVDA stock opened at $180.98 on Friday. The company has a market capitalization of $4.40 trillion, a PE ratio of 51.56, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. NVIDIA has a 52-week low of $86.62 and a 52-week high of $212.19. The business's fifty day moving average is $186.44 and its 200 day moving average is $167.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $57.01 billion during the quarter, compared to analysts' expectations of $54.66 billion. During the same period in the previous year, the business earned $0.81 earnings per share. The firm's revenue was up 62.5% on a year-over-year basis. NVIDIA has set its Q4 2026 guidance at EPS. On average, equities research analysts anticipate that NVIDIA will post 2.77 EPS for the current fiscal year.

Insider Activity at NVIDIA

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In other news, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the transaction, the chief financial officer directly owned 2,828,122 shares of the company's stock, valued at approximately $589,182,656.26. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer directly owned 69,733,203 shares of the company's stock, valued at $14,498,230,235.73. The trade was a 0.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,251,577 shares of company stock valued at $583,143,187. Company insiders own 4.17% of the company's stock.

Institutional Trading of NVIDIA

Several institutional investors and hedge funds have recently bought and sold shares of NVDA. State Street Corp raised its stake in NVIDIA by 1.0% during the second quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker's stock valued at $154,556,803,000 after buying an additional 9,554,857 shares during the last quarter. Geode Capital Management LLC increased its stake in NVIDIA by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker's stock valued at $91,150,170,000 after purchasing an additional 8,521,936 shares in the last quarter. Kingstone Capital Partners Texas LLC raised its holdings in NVIDIA by 267,959.7% in the second 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 buying an additional 382,231,120 shares during the last quarter. Norges Bank bought a new position in shares of NVIDIA in the second quarter worth approximately $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock valued at $22,412,434,000 after buying an additional 5,896,735 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

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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