JPMorgan Chase & Co. Reiterates “Overweight” Rating for NVIDIA (NASDAQ:NVDA)

NVIDIA (NASDAQ:NVDA)‘s stock had its “overweight” rating reissued by equities researchers at JPMorgan Chase & Co. in a research note issued to investors on Thursday,Benzinga reports. They currently have a $215.00 price target on the computer hardware maker’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 28.73% from the company’s current price.

Several other analysts also recently commented on NVDA. KeyCorp reissued an “overweight” rating and set a $230.00 price objective (up from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. Oppenheimer reissued an “outperform” rating and set a $225.00 price objective (up from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Wolfe Research increased their price objective on shares of NVIDIA from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Citigroup reissued a “buy” rating and set a $210.00 price objective (up from $190.00) on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Robert W. Baird increased their price objective 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. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.69.

NVIDIA Stock Down 2.7%

NASDAQ:NVDA opened at $167.02 on Thursday. The firm’s 50-day moving average price is $172.73 and its 200-day moving average price is $140.20. The company has a market capitalization of $4.06 trillion, a PE ratio of 47.58, a P/E/G ratio of 1.25 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA has a 1-year low of $86.62 and a 1-year high of $184.48.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 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 company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the prior year, the firm posted $0.68 EPS. 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. On average, equities analysts predict that NVIDIA will post 2.77 EPS for the current fiscal year.

Insider Buying and Selling

In other NVIDIA news, Director Dawn E. Hudson sold 18,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the sale, the director directly owned 368,887 shares of the company’s stock, valued at $63,448,564. This trade represents a 4.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the sale, the chief executive officer directly owned 72,698,366 shares of the company’s stock, valued at approximately $12,333,277,791.90. This trade represents 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 4,872,755 shares of company stock valued at $764,283,330. Insiders own 4.17% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors have recently added to or reduced their stakes in the stock. Harbor Asset Planning Inc. purchased a new position in shares of NVIDIA in the second quarter valued at $28,000. Winnow Wealth LLC purchased a new position in shares of NVIDIA in the second quarter valued at $32,000. Longfellow Investment Management Co. LLC grew its holdings in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in shares of NVIDIA in the second quarter valued at $40,000. Finally, Kathleen S. Wright Associates Inc. grew its holdings in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 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.