Needham & Company LLC Has Lowered Expectations for NVIDIA (NASDAQ:NVDA) Stock Price

NVIDIA (NASDAQ:NVDA) had its target price dropped by stock analysts at Needham & Company LLC from $300.00 to $200.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the computer hardware maker’s stock. Needham & Company LLC‘s price target indicates a potential upside of 21.78% from the stock’s previous close.

A number of other equities analysts have also recently commented on NVDA. Piper Sandler began coverage on NVIDIA in a report on Wednesday, September 9th. They set an “overweight” rating and a $300.00 price target for the company. Citigroup dropped their price objective on NVIDIA from $315.00 to $285.00 and set a “buy” rating on the stock in a research note on Tuesday. HSBC raised their price objective on NVIDIA from $360.00 to $365.00 in a research report on Thursday, August 27th. JPMorgan Chase & Co. raised their price objective on NVIDIA from $280.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Finally, Cantor Fitzgerald reduced their target price on NVIDIA from $350.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $296.22.

NVIDIA Stock Performance

Shares of NVDA traded down $9.51 during midday trading on Thursday, reaching $164.22. The stock had a trading volume of 384,911,738 shares, compared to its average volume of 153,721,203. The firm has a market cap of $3.96 trillion, a PE ratio of 20.77, a P/E/G ratio of 1.30 and a beta of 2.21. The firm has a 50 day simple moving average of $217.12 and a 200-day simple moving average of $204.35. NVIDIA has a one year low of $148.80 and a one year high of $243.37. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14.

NVIDIA (NASDAQ:NVDA) last issued 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 company had revenue of $96.22 billion for the quarter, compared to analysts’ expectations of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. NVIDIA’s quarterly revenue was up 105.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 EPS. As a group, sell-side analysts anticipate that NVIDIA will post 9.30 EPS for the current year.

NVIDIA declared that its Board of Directors has approved a share buyback plan on Monday, September 28th that authorizes the company to buy back $150 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark 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 transaction, the director directly owned 2,336,531 shares of the company’s stock, valued at $541,187,310.22. This represents a 21.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy Teter sold 30,460 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the sale, the executive vice president owned 2,687,660 shares of the company’s stock, valued at $598,810,648. This trade represents a 1.12% 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. In the last 90 days, insiders have sold 1,766,118 shares of company stock worth $399,450,353. Insiders own 3.94% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

Large investors have recently made changes to their positions in the company. Boyd Wealth Management LLC increased its holdings in NVIDIA by 273.4% in the 2nd quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker’s stock worth $1,830,000 after purchasing an additional 6,696 shares in the last quarter. Ally Financial Inc. boosted its stake in shares of NVIDIA by 10.3% during the second quarter. Ally Financial Inc. now owns 172,000 shares of the computer hardware maker’s stock valued at $34,415,000 after purchasing an additional 16,000 shares in the last quarter. Altshuler Shaham Ltd boosted its stake in shares of NVIDIA by 6,451.9% during the first quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker’s stock valued at $111,134,000 after purchasing an additional 627,510 shares in the last quarter. Vanguard Capital Wealth Advisors grew its holdings in shares of NVIDIA by 5.6% during the second quarter. Vanguard Capital Wealth Advisors now owns 52,163 shares of the computer hardware maker’s stock worth $10,437,000 after purchasing an additional 2,758 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC grew its holdings in shares of NVIDIA by 7.4% during the second quarter. Baker Tilly Wealth Management LLC now owns 71,898 shares of the computer hardware maker’s stock worth $14,386,000 after purchasing an additional 4,958 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Recent NVIDIA Headlines

These are some of the NVDA headlines that stood out recently:

• Neutral Sentiment: NVIDIA named CFO Colette Kress interim CEO and appointed Harvey C. Jones board chair after Huang resigned effective immediately. Kress’s familiarity with the business may help manage the transition, but the company has not yet established a permanent succession plan. NVIDIA announces CEO transition
• Negative Sentiment: Huang’s departure follows reports of board scrutiny over alleged relationships, including one involving a woman suspected of links to Chinese intelligence. The allegations have prompted concerns about governance and whether the company could lose a founder closely associated with its strategy and AI success. Reuters report on Huang stepping down
• Negative Sentiment: Investors also face potential U.S. congressional scrutiny and tighter China chip-export restrictions, adding regulatory risk. Wall Street downgrades and price-target cuts—including moves to “sector weight,” “market perform” and “hold”—have reinforced the cautious outlook. Market coverage of Nvidia and leadership news

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.