NVIDIA (NASDAQ:NVDA) Earns “Overweight” Rating from Cantor Fitzgerald

NVIDIA (NASDAQ:NVDA)‘s stock had its “overweight” rating reissued by investment analysts at Cantor Fitzgerald in a research report issued on Monday,Benzinga reports. They presently have a $200.00 price target on the computer hardware maker’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 40.23% from the stock’s previous close. Cantor Fitzgerald also issued estimates for NVIDIA’s FY2025 earnings at $2.77 EPS.

A number of other equities analysts have also commented on the company. Mizuho raised their price objective on NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Loop Capital restated a “buy” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, November 20th. Wedbush upped their price objective on NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Truist Financial upped their price target on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company increased their target price on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.23.

NVIDIA Trading Down 3.1 %

NASDAQ:NVDA opened at $142.62 on Monday. NVIDIA has a twelve month low of $60.57 and a twelve month high of $153.13. The business has a 50 day moving average price of $138.72 and a two-hundred day moving average price of $129.52. The company has a market cap of $3.49 trillion, a P/E ratio of 56.13, a price-to-earnings-growth ratio of 2.65 and a beta of 1.64. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same period last year, the business posted $0.38 EPS. NVIDIA’s revenue was up 93.6% on a year-over-year basis. As a group, analysts expect that NVIDIA will post 2.78 EPS for the current fiscal year.

Insider Activity at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now owns 480,899 shares in the company, valued at approximately $65,056,016.72. This represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by insiders.

Institutional Investors Weigh In On NVIDIA

Several institutional investors and hedge funds have recently modified their holdings of the business. Quest Partners LLC bought a new stake in NVIDIA during the 2nd quarter worth approximately $27,000. Christopher J. Hasenberg Inc bought a new position in shares of NVIDIA in the third quarter valued at about $27,000. University of Texas Texas AM Investment Management Co. bought a new stake in NVIDIA during the 2nd quarter worth about $31,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $34,000. Finally, West Financial Advisors LLC acquired a new position in NVIDIA in the third quarter valued at about $36,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.