NVIDIA (NASDAQ:NVDA) Given New $250.00 Price Target at Wolfe Research

NVIDIA (NASDAQ:NVDA) had its price target increased by equities researchers at Wolfe Research from $230.00 to $250.00 in a report issued on Thursday,MarketScreener reports. The brokerage currently has an “outperform” rating on the computer hardware maker’s stock. Wolfe Research’s price target suggests a potential upside of 28.97% from the company’s current price.

A number of other equities research analysts have also weighed in on NVDA. Robert W. Baird set a $275.00 target price on shares of NVIDIA and gave the company an “outperform” rating in a research note on Thursday. Wedbush increased their target price on NVIDIA from $210.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday. Rosenblatt Securities upped their price target on NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday. Oppenheimer raised their price objective on NVIDIA from $225.00 to $265.00 and gave the company an “outperform” rating in a research report on Thursday, November 13th. Finally, HSBC set a $320.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $253.72.

NVIDIA Trading Up 3.9%

NVDA traded up $7.32 during midday trading on Thursday, reaching $193.84. 76,552,151 shares of the company’s stock traded hands, compared to its average volume of 224,419,719. NVIDIA has a 52 week low of $86.62 and a 52 week high of $212.19. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The firm has a fifty day moving average of $186.37 and a two-hundred day moving average of $167.48. The stock has a market capitalization of $4.71 trillion, a price-to-earnings ratio of 55.27, a P/E/G ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same period in the previous year, the firm earned $0.81 earnings per share. The business’s revenue was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. On average, equities analysts anticipate that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the sale, the chief executive officer owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This represents a 0.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,251,577 shares of company stock valued at $583,143,187 over the last three months. Insiders own 4.17% of the company’s stock.

Institutional Trading of NVIDIA

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

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.