NVIDIA (NASDAQ:NVDA) Upgraded to “Buy” at Wall Street Zen

NVIDIA (NASDAQ:NVDA) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Friday.

A number of other equities research analysts also recently issued reports on NVDA. Stifel Nicolaus increased their price target on shares of NVIDIA from $202.00 to $212.00 and gave the stock a “buy” rating in a report on Monday, August 25th. DA Davidson lifted their price target on NVIDIA from $135.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Jefferies Financial Group boosted their price objective on NVIDIA from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. UBS Group raised their target price on shares of NVIDIA from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Finally, Benchmark boosted their price target on shares of NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $207.69.

NVIDIA Stock Down 2.7%

NVDA opened at $167.02 on Friday. The company has a 50 day moving average of $172.73 and a 200 day moving average of $140.20. 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 has a 12 month low of $86.62 and a 12 month high of $184.48. The company has a market cap of $4.06 trillion, a PE ratio of 47.58, a price-to-earnings-growth ratio of 1.25 and a beta of 2.10.

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

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 608,248 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total value of $88,354,104.48. Following the transaction, the director directly owned 8,247,600 shares of the company’s stock, valued at $1,198,046,376. The trade was a 6.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the company’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the sale, the executive vice president owned 4,018,547 shares of the company’s stock, valued at $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,872,755 shares of company stock worth $764,283,330 in the last ninety days. Corporate insiders own 4.17% of the company’s stock.

Institutional Trading of NVIDIA

Several large investors have recently bought and sold shares of NVDA. Harbor Asset Planning Inc. bought a new stake in NVIDIA in the 2nd quarter worth about $28,000. Winnow Wealth LLC bought a new stake in shares of NVIDIA in the second quarter worth approximately $32,000. Longfellow Investment Management Co. LLC grew its stake 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 worth $33,000 after acquiring an additional 67 shares during the period. Spurstone Advisory Services LLC purchased a new position in shares of NVIDIA during the second quarter valued at approximately $40,000. Finally, Kathleen S. Wright Associates Inc. lifted its position in NVIDIA by 169.3% during 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 during the period. 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.