NVIDIA (NASDAQ:NVDA) Given New $200.00 Price Target at DA Davidson

NVIDIA (NASDAQ:NVDA) had its price objective lowered by analysts at DA Davidson from $300.00 to $200.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the computer hardware maker’s stock. DA Davidson‘s target price would indicate a potential upside of 20.82% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Truist Financial upped their price target on shares of NVIDIA from $307.00 to $346.00 and gave the company a “buy” rating in a report on Thursday, August 27th. StoneX downgraded NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday. Raymond James Financial upgraded NVIDIA from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday. William Blair cut NVIDIA from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, Aletheia Capital downgraded NVIDIA from a “buy” rating to a “hold” rating in a research note on Monday. Five research analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.01.

NVIDIA Stock Performance

Shares of NVIDIA stock traded down $8.20 on Thursday, reaching $165.53. The stock had a trading volume of 567,783,241 shares, compared to its average volume of 154,709,672. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. The business’s 50-day moving average price is $217.12 and its two-hundred day moving average price is $204.35. The stock has a market cap of $3.99 trillion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 1.30 and a beta of 2.21. NVIDIA has a fifty-two week low of $148.80 and a fifty-two week high of $243.37.

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

NVIDIA announced that its board has initiated a stock repurchase program on Monday, September 28th that authorizes the company to buy back $150 billion in shares. This repurchase authorization authorizes the computer hardware maker to purchase up to 2.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 622,239 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the sale, the director owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. This trade represents a 21.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total value of $6,786,488.00. Following the sale, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NVIDIA

Large investors have recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of NVIDIA by 1.5% in the third quarter. State Street Corp now owns 1,025,075,347 shares of the computer hardware maker’s stock valued at $234,355,574,000 after purchasing an additional 15,291,910 shares in the last quarter. Bank of America Corp DE boosted its stake in NVIDIA by 2.2% during the second quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker’s stock worth $39,090,956,000 after buying an additional 4,165,875 shares in the last quarter. Amundi boosted its stake in NVIDIA by 10.4% during the first quarter. Amundi now owns 133,768,018 shares of the computer hardware maker’s stock worth $23,329,141,000 after buying an additional 12,575,177 shares in the last quarter. Deutsche Bank AG boosted its stake in NVIDIA by 2.3% during the second quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker’s stock worth $18,399,108,000 after buying an additional 2,045,101 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in NVIDIA by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker’s stock valued at $16,479,126,000 after buying an additional 555,221 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Top NVIDIA Stories

Here are a few of the latest stories about NVDA:

• Positive Sentiment: Some analysts still see substantial upside: Bank of America maintained a Buy rating with a $280 target, while BMO kept an Outperform rating at $240. NVIDIA’s third-quarter fiscal 2027 results are still scheduled for November 17. Analyst updates
• Negative Sentiment: Huang’s departure after 33 years raises key-person and succession risks for a company whose strategy and public profile were closely associated with its co-founder. Reports of alleged relationships—including one involving a woman accused of ties to Chinese intelligence—have also brought scrutiny and congressional attention. Coverage of turmoil at NVIDIA
• Negative Sentiment: Investors are also weighing whether customers could shift orders to chip rivals amid the uncertainty. AMD and Broadcom rallied as NVIDIA weakened, underscoring the risk of competitors gaining opportunities. Rivals rally amid NVIDIA selling

NVIDIA Company Profile

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.