NVIDIA (NASDAQ:NVDA) Cut to “Hold” at Truist Financial

NVIDIA (NASDAQ:NVDA) was downgraded by Truist Financial from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, Briefing.com reports. They currently have a $174.00 price objective on the computer hardware maker’s stock. Truist Financial‘s target price suggests a potential upside of 6.00% from the stock’s previous close.

A number of other research analysts have also recently commented on the stock. DZ Bank reissued a “buy” rating on shares of NVIDIA in a research report on Wednesday, August 26th. President Capital raised their price target on shares of NVIDIA from $295.00 to $330.00 in a report on Thursday, August 27th. Rothschild & Co Redburn lifted their price target on shares of NVIDIA from $300.00 to $325.00 in a research note on Thursday, August 27th. UBS Group reiterated a “buy” rating on shares of NVIDIA in a report on Friday, October 9th. Finally, Weiss Ratings cut shares of NVIDIA from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, November 2nd. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $283.63.

NVIDIA Stock Down 5.5%

Shares of NASDAQ:NVDA traded down $9.58 during mid-day trading on Thursday, hitting $164.15. 639,223,110 shares of the company traded hands, compared to its average volume of 155,038,781. The firm has a market cap of $3.96 trillion, a P/E ratio of 20.77, a PEG ratio of 1.30 and a beta of 2.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. NVIDIA has a 52-week low of $148.80 and a 52-week high of $243.37. The firm’s 50 day simple moving average is $217.12 and its 200 day simple moving average is $204.35.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.13. The firm had revenue of $96.22 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 EPS. On average, equities analysts anticipate that NVIDIA will post 9.30 EPS for the current year.

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

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark Stevens sold 622,239 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the completion of the transaction, the director directly owned 2,336,531 shares of the company’s stock, valued at $541,187,310.22. The trade was a 21.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Teter sold 30,460 shares of NVIDIA stock in a transaction that occurred on Monday, September 21st. The shares were 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 position. 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 have sold a total of 1,766,118 shares of company stock worth $399,450,353 in the last ninety days. 3.94% of the stock is owned by insiders.

Institutional Trading of NVIDIA

Hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of NVIDIA by 1.5% during 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 grew its position in NVIDIA by 2.2% in the 2nd quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker’s stock valued at $39,090,956,000 after buying an additional 4,165,875 shares in the last quarter. Amundi grew its position in NVIDIA by 10.4% in the 1st quarter. Amundi now owns 133,768,018 shares of the computer hardware maker’s stock valued at $23,329,141,000 after buying an additional 12,575,177 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in NVIDIA by 0.6% during 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. Finally, Deutsche Bank AG increased its stake in NVIDIA by 2.3% during the 2nd quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker’s stock valued at $18,399,108,000 after buying an additional 2,045,101 shares during the period. Institutional investors own 65.27% of the company’s stock.

Key Headlines Impacting NVIDIA

Investors following NVDA have been watching these headlines:

• 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
• Neutral Sentiment: CFO Colette Kress is interim CEO while the board searches for a permanent successor; NVIDIA says operations, customer commitments and its product roadmap should continue without interruption. NVIDIA announces CEO transition
• 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

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.