NVIDIA’s (NVDA) Buy Rating Reaffirmed at Sanford C. Bernstein

Sanford C. Bernstein reiterated their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a report released on Tuesday,MarketScreener reports.

A number of other analysts have also recently weighed in on the company. Truist Financial increased their price target on NVIDIA from $228.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Citigroup increased their target price on NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. DA Davidson reiterated a “buy” rating and issued a $250.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. UBS Group restated a “buy” rating on shares of NVIDIA in a research report on Tuesday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $265.00 price objective on shares of NVIDIA in a research report on Thursday, November 20th. Four analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $258.65.

NVIDIA Stock Performance

NVIDIA stock opened at $184.97 on Tuesday. NVIDIA has a 52 week low of $86.62 and a 52 week high of $212.19. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. The stock has a market cap of $4.49 trillion, a P/E ratio of 45.90, a price-to-earnings-growth ratio of 0.91 and a beta of 2.29. The stock has a 50 day moving average of $187.17 and a 200-day moving average of $173.11.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results 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. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. During the same period last year, the firm earned $0.81 earnings per share. The company’s revenue for the quarter was up 62.5% compared to the same quarter last year. On average, analysts expect that NVIDIA will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be paid a $0.01 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 0.99%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $181.73, for a total transaction of $63,605,500.00. Following the sale, the director directly owned 7,049,803 shares of the company’s stock, valued at $1,281,160,699.19. The trade was a 4.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director A Brooke Seawell sold 12,728 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $183.93, for a total value of $2,341,061.04. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 3,149,931 shares of company stock valued at $569,165,455. Corporate insiders own 4.17% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Several hedge funds have recently bought and sold shares of the business. Center for Financial Planning Inc. grew its stake in shares of NVIDIA by 4.6% during the second quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock valued at $1,332,000 after purchasing an additional 367 shares during the last quarter. Atria Investments Inc lifted its holdings in NVIDIA by 3.2% during the 2nd quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock worth $148,859,000 after buying an additional 29,479 shares in the last quarter. Fielder Capital Group LLC boosted its position in NVIDIA by 9.7% in the 1st quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock valued at $5,470,000 after buying an additional 4,444 shares during the last quarter. MADDEN SECURITIES Corp increased its stake in shares of NVIDIA by 3.2% in the 2nd quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after buying an additional 2,484 shares during the period. Finally, ORG Wealth Partners LLC raised its position in shares of NVIDIA by 7.7% during the second quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock worth $7,560,000 after acquiring an additional 3,542 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

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.