NVIDIA’s (NVDA) Outperform Rating Reiterated at Royal Bank Of Canada

NVIDIA (NASDAQ:NVDA)‘s stock had its “outperform” rating reaffirmed by Royal Bank Of Canada in a note issued to investors on Monday, Benzinga reports. They presently have a $330.00 price objective on the computer hardware maker’s stock. Royal Bank Of Canada‘s price objective would indicate a potential upside of 76.81% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Mizuho set a $315.00 price objective on NVIDIA and gave the company an “outperform” rating in a report on Thursday, August 27th. President Capital upped their price target on NVIDIA from $295.00 to $330.00 in a report on Thursday, August 27th. Wells Fargo & Company set a $210.00 price objective on NVIDIA in a report on Friday, October 2nd. Truist Financial raised their target price on shares of NVIDIA from $307.00 to $346.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings cut NVIDIA from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, November 2nd. Five analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, NVIDIA currently has an average rating of “Buy” and an average price target of $318.85.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $186.64 on Monday. The firm has a market capitalization of $4.50 trillion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.43 and a beta of 2.21. The business’s fifty day moving average price is $219.80 and its 200 day moving average price is $204.53. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. NVIDIA has a 12 month low of $164.27 and a 12 month high of $243.37.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to analysts’ expectations of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. NVIDIA’s quarterly revenue was up 105.9% on a year-over-year basis. During the same period last year, the firm earned $1.05 earnings per share. On average, sell-side analysts anticipate that NVIDIA will post 9.30 earnings per share for the current fiscal year.

NVIDIA declared that its Board of Directors has authorized a share repurchase program on Monday, September 28th that allows the company to buy back $150 billion in outstanding shares. This buyback authorization allows the computer hardware maker to buy up to 2.8% of its stock through open market purchases. Share buyback programs are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 622,239 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the completion of the sale, the director owned 2,336,531 shares of the company’s stock, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 34,918 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the sale, the chief financial officer owned 765,103 shares of the company’s stock, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,766,118 shares of company stock worth $399,450,353 in the last 90 days. 3.94% of the stock is owned by company insiders.

Institutional Trading of NVIDIA

Several large investors have recently bought and sold shares of NVDA. Intelligent Financial Strategies acquired a new position in shares of NVIDIA in the 3rd quarter worth approximately $26,000. Montgomery Financial Services LLC bought a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $28,000. Langley Wealth Management LLC bought a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $34,000. Newton One Investments LLC acquired a new stake in shares of NVIDIA during the 3rd quarter valued at approximately $34,000. Finally, Phillip James Consulting Co. acquired a new stake in shares of NVIDIA during the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA announced a collaboration with South Korea’s Rebellions and SK Telecom, combining NVIDIA’s NVLink Fusion and MGX platforms with Korean-designed processors and AI services to support sovereign AI infrastructure. Article: NVIDIA, Rebellions and SK Telecom collaboration
• Neutral Sentiment: The board says it has no reason to believe NVIDIA secrets or national security information were compromised. Huang says he is cooperating with the independent review and remains CEO; President Trump also publicly defended him. Those points may reassure investors, but the investigation’s findings are still unknown. Article: Nvidia CEO turmoil and congressional scrutiny
• Negative Sentiment: The main overhang is the board’s independent investigation into reports that Huang had a relationship with an executive suspected by U.S. intelligence of ties to Chinese intelligence. The allegations raise concerns about potential access to sensitive information, while congressional scrutiny and questions about Huang’s future add governance and leadership uncertainty. Reports say NVDA shares came under pressure as investors assessed the risks. Article: Reactions to Nvidia’s probe into CEO Jensen Huang

About NVIDIA

NVIDIA Corporation develops graphics processing units (GPUs), accelerated computing platforms and related software. Founded in 1993, the company first became widely known for GPUs used in PC gaming and professional graphics. Its technology now also supports artificial intelligence, scientific computing and other data-intensive applications.

NVIDIA’s offerings include GeForce products for gaming, data-center GPUs and systems for AI workloads, and networking products that connect computing infrastructure.