NVIDIA (NASDAQ:NVDA) Given “Buy” Rating at UBS Group

UBS Group reaffirmed their buy rating on shares of NVIDIA (NASDAQ:NVDAFree Report) in a report issued on Monday,MarketScreener reports.

Other research analysts also recently issued research reports about the company. BNP Paribas Exane boosted their target price on NVIDIA from $240.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Rothschild & Co Redburn lifted their price target on NVIDIA from $211.00 to $245.00 and gave the company a “buy” rating in a report on Monday, November 17th. Argus restated a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a report on Thursday, November 20th. JPMorgan Chase & Co. raised their price objective on shares of NVIDIA from $215.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Finally, DZ Bank reissued a “buy” rating on shares of NVIDIA in a research report on Thursday, November 20th. Five analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Buy” and a consensus target price of $262.14.

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NVIDIA Stock Down 1.2%

NVIDIA stock opened at $188.22 on Monday. NVIDIA has a twelve month low of $86.62 and a twelve month 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. The firm has a market cap of $4.57 trillion, a PE ratio of 46.70, a P/E/G ratio of 0.93 and a beta of 2.29. The firm’s 50 day moving average price is $186.23 and its two-hundred day moving average price is $177.31.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) 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 company had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. During the same quarter last year, the business posted $0.81 EPS. The company’s revenue for the quarter was up 62.5% on a year-over-year basis. On average, research analysts predict that NVIDIA will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Thursday, December 4th were paid a $0.01 dividend. The ex-dividend date was Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is presently 0.99%.

Insider Transactions at NVIDIA

In other 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 transaction of $63,605,500.00. Following the completion of the transaction, the director directly owned 7,049,803 shares of the company’s stock, valued at $1,281,160,699.19. This trade represents a 4.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $177.33, for a total transaction of $44,332,500.00. Following the completion of the sale, the director directly owned 6,933,280 shares in the company, valued at approximately $1,229,478,542.40. This represents a 3.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 2,086,474 shares of company stock worth $382,482,492. Insiders own 4.17% of the company’s stock.

Institutional Trading of NVIDIA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. bought a new position in shares of NVIDIA during the second quarter worth approximately $28,000. Winnow Wealth LLC acquired a new position in NVIDIA in the 2nd quarter valued at $32,000. Longfellow Investment Management Co. LLC increased its position in 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 buying an additional 67 shares during the period. Spurstone Advisory Services LLC bought a new position in NVIDIA during the 2nd quarter worth $40,000. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of NVIDIA during the third quarter worth $50,000. 65.27% of the stock is owned by institutional investors.

Trending Headlines about NVIDIA

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NVIDIA Company Profile

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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.

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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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