NVIDIA (NASDAQ:NVDA) Coverage Initiated at China Renaissance

Equities researchers at China Renaissance initiated coverage on shares of NVIDIA (NASDAQ:NVDA) in a report released on Friday. The brokerage set a “buy” rating and a $319.00 price target on the computer hardware maker’s stock. China Renaissance’s target price suggests a potential upside of 45.89% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. DA Davidson reiterated a “buy” rating and issued a $300.00 target price on shares of NVIDIA in a research note on Monday. Benchmark restated a “buy” rating and issued a $335.00 price objective (up from $250.00) on shares of NVIDIA in a research report on Thursday, May 21st. Wall Street Zen upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 23rd. Citigroup began coverage on shares of NVIDIA in a research report on Wednesday, April 15th. They issued a “buy” rating for the company. Finally, CICC Research raised their price objective on shares of NVIDIA from $240.60 to $268.30 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $305.67.

NVIDIA Price Performance

NVDA opened at $218.66 on Friday. The company has a market capitalization of $5.29 trillion, a price-to-earnings ratio of 33.49, a PEG ratio of 0.52 and a beta of 2.22. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $202.84 and a 200-day moving average price of $190.45. NVIDIA has a twelve month low of $138.83 and a twelve month high of $236.54.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.11. The firm had revenue of $81.62 billion during the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company’s revenue was up 85.2% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share. Equities analysts expect that NVIDIA will post 8.04 EPS for the current year.

NVIDIA announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in shares. This buyback authorization authorizes the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 500,000 shares of NVIDIA stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $219.83, for a total transaction of $109,915,000.00. Following the completion of the sale, the director directly owned 6,399,771 shares in the company, valued at $1,406,861,658.93. The trade was a 7.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Aarti S. Shah sold 19,000 shares of NVIDIA stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the sale, the director owned 36,007 shares of the company’s stock, valued at approximately $6,362,796.97. The trade was a 34.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,906,961 shares of company stock valued at $384,041,268 over the last quarter. Company insiders own 3.94% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Several hedge funds have recently bought and sold shares of the stock. Joule Financial LLC lifted its position in NVIDIA by 2.2% during the 3rd quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker’s stock worth $431,000 after acquiring an additional 50 shares during the period. Spectrum Financial Alliance Ltd LLC lifted its position in NVIDIA by 3.8% during the 1st quarter. Spectrum Financial Alliance Ltd LLC now owns 1,395 shares of the computer hardware maker’s stock worth $243,000 after acquiring an additional 51 shares during the period. Vision Financial Markets LLC lifted its position in NVIDIA by 1.2% during the 3rd quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock worth $866,000 after acquiring an additional 53 shares during the period. Presidio Capital Management LLC lifted its position in NVIDIA by 0.4% during the 4th quarter. Presidio Capital Management LLC now owns 15,137 shares of the computer hardware maker’s stock worth $2,823,000 after acquiring an additional 53 shares during the period. Finally, LMG Wealth Partners LLC lifted its position in NVIDIA by 0.7% during the 4th quarter. LMG Wealth Partners LLC now owns 7,649 shares of the computer hardware maker’s stock worth $1,427,000 after acquiring an additional 53 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Goldman Sachs continues to highlight NVIDIA as one of its top tech holdings, with an implied upside that suggests Wall Street still sees significant room for appreciation. NVIDIA Corporation (NVDA): Top 10 Goldman Sachs Tech Stocks to Buy Now
• Positive Sentiment: Taiwan Semiconductor said it signed a major AI partnership with NVIDIA, underscoring continued ecosystem expansion around NVIDIA’s AI hardware and infrastructure platform. Taiwan Semiconductor Manufacturing Signs Major AI Deal With Nvidia
• Positive Sentiment: Multiple reports said NVIDIA CEO Jensen Huang’s South Korea trip is drawing attention to new AI opportunities, including robotics and deeper ties with key suppliers and partners, which supports the long-term growth narrative. Nvidia CEO sees robotics as next major sector in South Korea
• Positive Sentiment: Analysts and market commentary continue to frame NVIDIA as the best-positioned AI chip leader, with several notes arguing that its Blackwell ramp, CUDA moat, and AI inference exposure keep the growth story intact. Analyst Picks NVIDIA Over Every Other AI Chip Stock Right Now
• Neutral Sentiment: New coverage on NVIDIA’s PC chip push and Jensen Huang’s Computex comments helped highlight fresh product opportunities, but the market reaction appears mixed as investors weigh a longer-term revenue expansion story against near-term expectations. Nvidia’s PC Chip Reveal Obscures a Bigger Catalyst for the Stock
• Negative Sentiment: Reports that Senator Elizabeth Warren invited Jensen Huang to testify on China chip sales add policy overhang, especially around export controls and NVIDIA’s business in China. Warren invites Nvidia CEO Jensen Huang to Senate hearing on China AI chip sales
• Negative Sentiment: Recent insider selling, including a large share sale by Director Mark A. Stevens, may be weighing on sentiment at the margin even though it does not change NVIDIA’s core fundamentals. NVIDIA insider trading filing

About NVIDIA

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.