NVIDIA (NASDAQ:NVDA) Receives “Buy” Rating from UBS Group

UBS Group restated their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a research report sent to investors on Tuesday morning, Marketbeat.com reports.

A number of other analysts have also weighed in on the stock. Robert W. Baird set a $275.00 price objective on shares of NVIDIA and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Morgan Stanley increased their price target on NVIDIA from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a report on Wednesday, November 26th. Susquehanna upped their price objective on NVIDIA from $230.00 to $250.00 and gave the company a “positive” rating in a research report on Thursday, November 20th. Finally, Rosenblatt Securities lifted their target price on NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $258.65.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $184.97 on Tuesday. The firm has a market capitalization of $4.49 trillion, a PE ratio of 45.90, a PEG ratio of 0.91 and a beta of 2.29. The stock’s fifty day moving average is $187.17 and its 200 day moving average is $173.11. NVIDIA has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter in the previous year, the business posted $0.81 earnings per share. The business’s revenue was up 62.5% compared to the same quarter last year. On average, sell-side analysts anticipate that NVIDIA will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared 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. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s payout ratio is currently 0.99%.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the sale, the chief executive officer directly owned 71,683,203 shares of the company’s stock, valued at $12,646,350,673.26. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,149,931 shares of company stock worth $569,165,455 in the last ninety days. 4.17% of the stock is owned by insiders.

Institutional Investors Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. Harbor Asset Planning Inc. acquired a new position in NVIDIA during the second quarter worth $28,000. Winnow Wealth LLC purchased a new stake in shares of NVIDIA during the second quarter worth about $32,000. Longfellow Investment Management Co. LLC raised its position in shares of NVIDIA by 47.9% during the 2nd 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 last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA in the 2nd quarter valued at about $40,000. Finally, Kathleen S. Wright Associates Inc. boosted its holdings in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares during the last quarter. 65.27% of the stock is 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.