NVIDIA (NASDAQ:NVDA) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a report released on Thursday, MarketBeat reports. The brokerage currently has a $200.00 price target on the computer hardware maker’s stock.

NVDA has been the subject of several other reports. Jefferies Financial Group raised their target price on NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $225.00 target price (up from $185.00) on shares of NVIDIA in a research report on Thursday. Barclays raised their target price on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 17th. DA Davidson raised their target price on NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, May 29th. Finally, Phillip Securities raised NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 14th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $207.69.

NVIDIA Price Performance

Shares of NVDA stock opened at $180.17 on Thursday. The stock has a 50 day moving average of $170.22 and a two-hundred day moving average of $138.74. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA has a 12 month low of $86.62 and a 12 month high of $184.48. The company has a market capitalization of $4.40 trillion, a P/E ratio of 51.33, a P/E/G ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 109.66% and a net margin of 52.41%.The company’s quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts expect that NVIDIA will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $179.76, for a total value of $13,482,000.00. Following the completion of the sale, the chief executive officer directly owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares of the company’s stock, valued at approximately $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,862,440 shares of company stock valued at $896,145,782. 4.17% of the stock is currently owned by corporate insiders.

Institutional Trading of NVIDIA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Harbor Asset Planning Inc. acquired a new stake in shares of NVIDIA in the second quarter valued at $28,000. Winnow Wealth LLC acquired a new stake in NVIDIA in the second quarter worth about $32,000. Longfellow Investment Management Co. LLC increased its position in NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new stake in NVIDIA in the second quarter worth about $40,000. Finally, Kathleen S. Wright Associates Inc. increased its position in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after purchasing an additional 254 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Company Profile

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.