Arete Boosts NVIDIA (NASDAQ:NVDA) Price Target to $261.00

NVIDIA (NASDAQ:NVDA) had its price target boosted by research analysts at Arete from $244.00 to $261.00 in a note issued to investors on Tuesday,MarketScreener reports. The brokerage presently has a “buy” rating on the computer hardware maker’s stock. Arete’s price target would indicate a potential upside of 44.79% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Loop Capital lifted their price target on shares of NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Morgan Stanley raised their target price on shares of NVIDIA from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. The Goldman Sachs Group reissued a “buy” rating and set a $240.00 target price (up previously from $210.00) on shares of NVIDIA in a research report on Friday, October 31st. JPMorgan Chase & Co. raised their price target on NVIDIA from $215.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Finally, DA Davidson reiterated a “buy” rating and issued a $250.00 price objective on shares of NVIDIA in a research note on Thursday, November 20th. Five research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, NVIDIA presently has an average rating of “Buy” and an average price target of $258.19.

NVIDIA Stock Performance

NVDA stock opened at $180.26 on Tuesday. The firm has a 50 day simple moving average of $186.82 and a 200 day simple moving average of $169.74. 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 has a 52 week low of $86.62 and a 52 week high of $212.19. The stock has a market cap of $4.38 trillion, a P/E ratio of 51.36, a P/E/G ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last announced its quarterly 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. The company had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA’s quarterly revenue was up 62.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. Research analysts anticipate that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, 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 sale, 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 document filed with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,252,203 shares of company stock worth $583,255,504 over the last quarter. Company insiders own 4.17% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strategic Advocates LLC boosted its stake in shares of NVIDIA by 2.6% in the 3rd quarter. Strategic Advocates LLC now owns 92,356 shares of the computer hardware maker’s stock valued at $17,232,000 after purchasing an additional 2,309 shares in the last quarter. Lantern Wealth Advisors LLC increased its position in shares of NVIDIA by 21.4% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 14,682 shares of the computer hardware maker’s stock worth $2,739,000 after purchasing an additional 2,590 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its holdings in NVIDIA by 3.7% during the 3rd quarter. Vermillion & White Wealth Management Group LLC now owns 2,107 shares of the computer hardware maker’s stock valued at $393,000 after purchasing an additional 75 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in NVIDIA in the third quarter valued at about $3,939,000. Finally, LWM Advisory Services LLC grew its stake in NVIDIA by 1.2% during the third quarter. LWM Advisory Services LLC now owns 26,296 shares of the computer hardware maker’s stock worth $4,902,000 after buying an additional 302 shares during the last quarter. 65.27% of the stock is owned by 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.