NVIDIA (NASDAQ:NVDA) Earns “Overweight” Rating from Cantor Fitzgerald

NVIDIA (NASDAQ:NVDA)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Cantor Fitzgerald in a research note issued to investors on Wednesday, Marketbeat reports. They currently have a $300.00 price objective on the computer hardware maker’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 47.96% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. TD Cowen boosted their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, August 19th. Weiss Ratings reissued a “buy (b)” rating on shares of NVIDIA in a research note on Wednesday, October 8th. Benchmark boosted their target price on NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. The Goldman Sachs Group set a $210.00 target price on NVIDIA and gave the company a “buy” rating in a research note on Monday, October 6th. Finally, Bank of America boosted their price objective on NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $229.38.

NVIDIA Price Performance

NVIDIA stock opened at $202.76 on Wednesday. The firm has a market capitalization of $4.93 trillion, a P/E ratio of 57.77, a PEG ratio of 1.49 and a beta of 2.12. NVIDIA has a 1 year low of $86.62 and a 1 year high of $212.19. The business has a 50-day moving average of $181.35 and a 200-day moving average of $158.70. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business’s revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts anticipate that NVIDIA will post 2.77 EPS for the current year.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the transaction, the director owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This represents a 4.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was 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 of the company’s stock, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,676,577 shares of company stock valued at $657,716,375 in the last quarter. 4.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NVIDIA

A number of large investors have recently modified their holdings of the business. Harbor Asset Planning Inc. bought a new position in shares of NVIDIA in the second quarter valued at $28,000. Winnow Wealth LLC bought a new position in shares of NVIDIA in the second quarter valued at $32,000. Longfellow Investment Management Co. LLC lifted its stake in 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 acquiring an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in NVIDIA in the second quarter valued at $40,000. Finally, Kathleen S. Wright Associates Inc. lifted its stake in 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 acquiring an additional 254 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.