NVIDIA (NASDAQ:NVDA) Price Target Raised to $346.00

NVIDIA (NASDAQ:NVDA) had its target price boosted by equities researchers at Truist Financial from $307.00 to $346.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the computer hardware maker’s stock. Truist Financial’s price target would suggest a potential upside of 65.03% from the stock’s current price.

A number of other equities research analysts have also recently commented on NVDA. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $255.00 price target (up from $220.00) on shares of NVIDIA in a research note on Thursday, May 21st. CICC Research boosted their price objective on shares of NVIDIA from $240.60 to $268.30 and gave the company an “outperform” rating in a report on Friday, May 22nd. HSBC reaffirmed a “buy” rating and set a $325.00 target price (up from $295.00) on shares of NVIDIA in a report on Tuesday, May 19th. Citic Securities increased their price objective on shares of NVIDIA from $242.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Evercore reaffirmed an “outperform” rating and set a $413.00 price target (up from $352.00) on shares of NVIDIA in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $317.44.

NVIDIA Trading Down 1.6%

Shares of NASDAQ:NVDA opened at $209.66 on Thursday. NVIDIA has a 12-month low of $164.07 and a 12-month high of $236.54. The business’s fifty day simple moving average is $207.61 and its 200-day simple moving average is $200.35. The company has a market capitalization of $5.07 trillion, a PE ratio of 32.11, a P/E/G ratio of 0.42 and a beta of 2.23. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating the consensus estimate of $2.09 by $0.13. The business had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company’s quarterly revenue was up 105.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 earnings per share. As a group, equities research analysts predict that NVIDIA will post 8.8 earnings per share for the current fiscal year.

NVIDIA announced that its board has approved a share buyback plan on Wednesday, May 20th that allows the company to repurchase $80.00 billion in shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 885,000 shares of NVIDIA stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total value of $186,000,450.00. Following the sale, the director owned 5,207,271 shares of the company’s stock, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the transaction, the director directly owned 116,135 shares in the company, valued at approximately $25,053,803.55. The trade was a 11.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,900,500 shares of company stock worth $410,449,265 in the last quarter. Insiders own 3.94% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds have recently modified their holdings of NVDA. Retirement Wealth Solutions LLC boosted its stake in NVIDIA by 1.2% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 4,121 shares of the computer hardware maker’s stock valued at $825,000 after purchasing an additional 47 shares in the last quarter. LightSquare Wealth Management LLC increased its position in shares of NVIDIA by 0.3% during the 2nd quarter. LightSquare Wealth Management LLC now owns 18,695 shares of the computer hardware maker’s stock valued at $3,741,000 after purchasing an additional 49 shares during the period. Defender Capital LLC. raised its stake in shares of NVIDIA by 0.7% in the 2nd quarter. Defender Capital LLC. now owns 7,534 shares of the computer hardware maker’s stock worth $1,507,000 after buying an additional 50 shares in the last quarter. Kooman & Associates raised its stake in shares of NVIDIA by 0.6% in the 2nd quarter. Kooman & Associates now owns 8,464 shares of the computer hardware maker’s stock worth $1,694,000 after buying an additional 50 shares in the last quarter. Finally, Roof Eidam Maycock Peralta LLC lifted its holdings in shares of NVIDIA by 0.3% in the second quarter. Roof Eidam Maycock Peralta LLC now owns 18,827 shares of the computer hardware maker’s stock valued at $3,767,000 after buying an additional 50 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Record results and stronger outlook: Fiscal Q2 revenue reached $96.2 billion, up 106% year over year and above the roughly $92.2 billion consensus. Adjusted EPS was $2.22 versus $2.09 expected, while Data Center revenue rose 117% to $89.0 billion. NVIDIA forecast fiscal Q3 revenue of approximately $108 billion, excluding China compute revenue. NVIDIA second-quarter financial results
• Positive Sentiment: AI demand remains broad and accelerating: CEO Jensen Huang said the AI infrastructure buildout is operating at full speed, with the Vera Rubin platform ramping into production. NVIDIA also expanded its AWS partnership, including an additional 2 million GPUs, supporting confidence in hyperscaler demand. AWS and NVIDIA GPU partnership
• Positive Sentiment: Analyst support increased: Goldman Sachs and Citigroup raised their price targets, while Raymond James lifted its target to $352 and maintained a strong-buy rating. The upgrades indicate that analysts view the earnings beat and long-term growth forecast as more important than near-term valuation concerns. Wall Street commentary on NVIDIA
• Neutral Sentiment: Potential Hugging Face acquisition: Reports say NVIDIA has agreed, or is close, to acquiring open-source AI platform Hugging Face for about $12.9 billion. The deal could strengthen NVIDIA’s software and developer ecosystem, but reports conflict on whether a binding agreement has been signed.
• Negative Sentiment: Margins and competitive risks remain: NVIDIA expects fiscal Q3 gross margin of about 74%, down from 75% in Q2, while operating expenses continue to rise. Investors are also monitoring custom chips from OpenAI and Microsoft that could reduce NVIDIA’s share of inference workloads over time. Custom AI chip competition
• Negative Sentiment: Execution and financing concerns: Supply constraints, the absence of China compute revenue in guidance, and scrutiny of NVIDIA’s investments and customer-financing relationships could add volatility despite the strong fundamentals.

NVIDIA Company Profile

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.