NVIDIA’s (NVDA) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a research report report published on Thursday morning,Benzinga reports. The firm currently has a $240.00 target price on the computer hardware maker’s stock.

A number of other research analysts have also recently weighed in on the stock. Wall Street Zen raised shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Arete lifted their price target on NVIDIA from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Benchmark increased their price target on NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Rothschild & Co Redburn raised their price objective on NVIDIA from $211.00 to $245.00 and gave the company a “buy” rating in a report on Monday, November 17th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $265.00 price objective (up from $220.00) on shares of NVIDIA in a research report on Friday, November 14th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, NVIDIA presently has an average rating of “Buy” and an average target price of $257.79.

NVIDIA Stock Down 1.0%

Shares of NVDA stock opened at $178.88 on Thursday. NVIDIA has a twelve month low of $86.62 and a twelve month high of $212.19. The stock has a market cap of $4.35 trillion, a P/E ratio of 50.96, a P/E/G ratio of 1.49 and a beta of 2.11. The stock has a 50 day moving average of $186.46 and a 200 day moving average of $168.41. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business’s revenue was up 62.5% on a year-over-year basis. During the same quarter last year, the company earned $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. As a group, sell-side analysts expect that NVIDIA will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be issued a $0.01 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio is presently 0.99%.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the sale, the chief executive officer directly owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,251,577 shares of company stock worth $583,143,187 in the last ninety days. Insiders own 4.17% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Hedge funds have recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after buying an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after acquiring an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE grew its position in NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock worth $7,842,000 after acquiring an additional 3,653 shares during the period. Hudson Value Partners LLC grew its position in NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after acquiring an additional 11,900 shares during the period. Finally, Wealth Group Ltd. increased its stake in NVIDIA by 15.7% during the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock worth $715,000 after acquiring an additional 896 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

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.