CICC Research Raises NVIDIA (NASDAQ:NVDA) Price Target to $228.00

NVIDIA (NASDAQ:NVDA) had its price objective upped by analysts at CICC Research from $200.00 to $228.00 in a research report issued on Friday,MarketScreener reports. The brokerage currently has an “outperform” rating on the computer hardware maker’s stock. CICC Research’s target price suggests a potential upside of 27.46% from the stock’s previous close.

A number of other research firms also recently issued reports on NVDA. Cantor Fitzgerald reissued an “overweight” rating and set a $300.00 target price on shares of NVIDIA in a research report on Thursday. TD Cowen boosted their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, August 19th. BNP Paribas raised shares of NVIDIA to a “hold” rating in a research note on Friday, August 1st. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the company an “overweight” rating in a report on Wednesday, August 13th. Finally, Citigroup increased their price target on NVIDIA from $220.00 to $270.00 and gave the company a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $257.79.

NVIDIA Trading Down 1.0%

NVDA stock opened at $178.88 on Friday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company has a market cap of $4.35 trillion, a price-to-earnings ratio of 50.96, a PEG ratio of 1.49 and a beta of 2.11. The business has a fifty day simple moving average of $186.46 and a 200-day simple moving average of $168.41. NVIDIA has a 52 week low of $86.62 and a 52 week high of $212.19.

NVIDIA (NASDAQ:NVDA) last posted its quarterly 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 firm had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 earnings per share. NVIDIA has set its Q4 2026 guidance at EPS. On average, equities research analysts expect that NVIDIA will post 2.77 EPS for the current year.

Insider Activity at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the firm’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 sale, the director directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 3,251,577 shares of company stock valued at $583,143,187. Insiders own 4.17% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NVDA. Joule Financial LLC grew its position in shares of NVIDIA by 2.2% in the 3rd quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker’s stock worth $431,000 after acquiring an additional 50 shares in the last quarter. Vision Financial Markets LLC lifted its stake in NVIDIA by 1.2% during the third quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock worth $866,000 after purchasing an additional 53 shares during the last quarter. Websterrogers Financial Advisors LLC boosted its holdings in NVIDIA by 2.6% in the third quarter. Websterrogers Financial Advisors LLC now owns 2,118 shares of the computer hardware maker’s stock worth $395,000 after purchasing an additional 54 shares during the period. IMG Wealth Management Inc. increased its stake in NVIDIA by 1.4% during the third quarter. IMG Wealth Management Inc. now owns 3,820 shares of the computer hardware maker’s stock valued at $713,000 after purchasing an additional 54 shares during the last quarter. Finally, Cyr Financial Inc. raised its holdings in shares of NVIDIA by 0.7% during the third quarter. Cyr Financial Inc. now owns 7,737 shares of the computer hardware maker’s stock worth $1,444,000 after purchasing an additional 54 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.