NVIDIA (NASDAQ:NVDA) Stock Price Expected to Rise, Seaport Global Securities Analyst Says

NVIDIA (NASDAQ:NVDA) had its price target upped by equities researchers at Seaport Global Securities from $100.00 to $140.00 in a research note issued on Monday,MarketScreener reports. The brokerage presently has a “sell” rating on the computer hardware maker’s stock. Seaport Global Securities’ price objective suggests a potential downside of 22.81% from the company’s previous close.

Several other research analysts also recently weighed in on NVDA. New Street Research reiterated a “buy” rating and issued a $307.00 price target on shares of NVIDIA in a report on Thursday, October 30th. Bank of America lifted their price objective on NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Wolfe Research set a $230.00 price target on NVIDIA and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 price objective on shares of NVIDIA in a research note on Wednesday, October 29th. Five investment 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 issued a Sell rating to the company. According to MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $240.49.

NVIDIA Trading Down 2.8%

NVIDIA stock opened at $181.36 on Monday. The stock has a market cap of $4.41 trillion, a PE ratio of 51.67, a P/E/G ratio of 1.49 and a beta of 2.11. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $186.18 and a 200 day moving average price of $167.35. NVIDIA has a 52 week low of $86.62 and a 52 week high of $212.19.

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

Insider Activity

In related news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the transaction, the chief executive officer owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. This represents a 0.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 3,251,577 shares of company stock valued at $583,143,187. Company insiders own 4.17% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently bought and sold shares of NVDA. Brighton Jones LLC grew its stake in NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of NVIDIA by 1.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock worth $315,100,000 after buying an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE increased its stake in shares of NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock worth $7,842,000 after buying an additional 3,653 shares during the last quarter. Hudson Value Partners LLC increased its stake in shares of NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after buying an additional 11,900 shares during the last quarter. Finally, Wealth Group Ltd. raised its holdings in NVIDIA by 15.7% in the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock valued at $715,000 after acquiring an additional 896 shares in the last quarter. 65.27% of the stock is 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.