Sanford C. Bernstein Reaffirms Buy Rating for NVIDIA (NASDAQ:NVDA)

NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reiterated by equities research analysts at Sanford C. Bernstein in a report issued on Friday,MarketScreener Latest Ratings reports. They currently have a $275.00 price target on the computer hardware maker’s stock. Sanford C. Bernstein’s price objective points to a potential upside of 51.94% from the company’s current price.

Other equities research analysts have also issued research reports about the company. KeyCorp upped their target price on NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $250.00 price objective (up previously from $240.00) on shares of NVIDIA in a research note on Thursday, November 20th. Citic Securities lifted their price objective on NVIDIA from $237.00 to $242.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $240.00 price target (up from $210.00) on shares of NVIDIA in a research note on Friday, October 31st. Finally, Wolfe Research lifted their price target on shares of NVIDIA from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Five analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $262.14.

NVIDIA Trading Up 3.9%

Shares of NVDA stock opened at $180.99 on Friday. The stock has a market cap of $4.40 trillion, a P/E ratio of 44.91, a P/E/G ratio of 0.89 and a beta of 2.29. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. NVIDIA has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The business has a fifty day simple moving average of $185.58 and a 200-day simple moving average of $175.16.

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

Insider Activity

In related news, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $181.73, for a total value of $63,605,500.00. Following the transaction, the director owned 7,049,803 shares in the company, valued at approximately $1,281,160,699.19. This trade represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $178.11, for a total transaction of $5,432,355.00. Following the transaction, the chief financial officer directly owned 1,286,826 shares in the company, valued at approximately $229,196,578.86. This trade represents a 2.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,163,974 shares of company stock valued at $396,087,917 in the last 90 days. 4.17% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently made changes to their positions in NVDA. Harbor Asset Planning Inc. acquired a new position in shares of NVIDIA during the second quarter worth $28,000. Winnow Wealth LLC acquired a new position in NVIDIA in the 2nd quarter worth $32,000. Longfellow Investment Management Co. LLC lifted its holdings in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA in the 2nd quarter valued at about $40,000. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of NVIDIA during the third quarter valued at about $50,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: U.S. review could pave way for H200 shipments to China — reports say the administration launched a review that might allow exports of Nvidia’s H200 AI chips to China, which would materially expand addressable demand and revenue prospects. US launches review of advanced Nvidia AI chip sales to China
• Positive Sentiment: Regulatory overhang removed on Intel tie-up — U.S. antitrust agencies cleared Nvidia’s investment in Intel, reducing a near-term regulatory risk and supporting strategic partnerships that could help scale production and go-to-market efforts. Nvidia-Intel deal cleared by US antitrust agencies
• Positive Sentiment: Analysts getting more bullish — several firms (Sanford C. Bernstein reiterated buy at $275, Truist raised its PT to $275, Zacks boosted EPS estimates) are lifting targets or confirming buys, helping technical momentum and positioning for upside. MarketScreener Latest Ratings
• Neutral Sentiment: Management clarifies OpenAI investment status — Jensen Huang said Nvidia has not yet funded its announced plan around OpenAI, which removes some rumor-driven uncertainty but leaves the timing and size of any investment unclear. Nvidia has not given OpenAI ‘a penny yet,’ CEO Huang tells Fox Business
• Negative Sentiment: Insider selling disclosed — long-time director Harvey Jones sold 250,000 shares (~$44M), a headline that can spook some investors even though large insiders often diversify. Nvidia director sells $44 million in stock

NVIDIA Company Profile

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.