NVIDIA (NASDAQ:NVDA) Stock Keeps Buy Rating at The Goldman Sachs Group

NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reaffirmed by investment analysts at The Goldman Sachs Group in a research note issued on Monday, Benzinga reports. They currently have a $300.00 target price on the computer hardware maker’s stock. The Goldman Sachs Group‘s price objective suggests a potential upside of 60.74% from the company’s current price.

Several other equities analysts have also issued reports on NVDA. BNP Paribas Exane reiterated an “outperform” rating and issued a $345.00 price target on shares of NVIDIA in a research note on Monday, October 5th. DA Davidson restated a “buy” rating and set a $300.00 price objective on shares of NVIDIA in a research report on Thursday, August 27th. Oppenheimer set a $315.00 price objective on NVIDIA and gave the company an “outperform” rating in a research note on Thursday, August 27th. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a research note on Friday, October 9th. Finally, Raymond James Financial set a $515.00 target price on NVIDIA and gave the company a “strong-buy” rating in a research report on Thursday, August 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $318.85.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $186.64 on Monday. The company has a 50 day moving average of $219.80 and a 200-day moving average of $204.53. NVIDIA has a 1-year low of $164.27 and a 1-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. The company has a market cap 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.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business had revenue of $96.22 billion for the quarter, compared to analysts’ expectations of $92.27 billion. During the same period last year, the firm posted $1.05 earnings per share. The firm’s quarterly revenue was up 105.9% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA will post 9.30 earnings per share for the current fiscal year.

NVIDIA declared that its Board of Directors has approved a share buyback plan on Monday, September 28th that permits the company to repurchase $150 billion in shares. This repurchase authorization permits the computer hardware maker to purchase 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, EVP Timothy S. Teter sold 30,460 shares of the company’s 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 completion of the transaction, the executive vice president owned 2,687,660 shares of the company’s stock, valued at $598,810,648. This represents a 1.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total value of $7,648,787.90. Following the completion of the transaction, the chief financial officer owned 765,103 shares of the company’s stock, valued at $167,595,812.15. This represents a 4.36% 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. Insiders have sold a total of 1,766,118 shares of company stock valued at $399,450,353 in the last 90 days. 3.94% of the stock is owned by corporate insiders.

Institutional Trading of NVIDIA

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Intelligent Financial Strategies acquired a new stake in shares of NVIDIA during the third quarter worth about $26,000. Montgomery Financial Services LLC bought a new position in shares of NVIDIA during the 2nd quarter valued at about $28,000. Newton One Investments LLC bought a new position in shares of NVIDIA during the 3rd quarter valued at about $34,000. Phillip James Consulting Co. acquired a new position in shares of NVIDIA in the 1st quarter valued at approximately $40,000. Finally, Bard Associates Inc. grew its position in shares of NVIDIA by 8,866.7% in the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker’s stock valued at $54,000 after purchasing an additional 266 shares during the period. 65.27% of the stock is currently owned by institutional investors.

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.