NVIDIA (NASDAQ:NVDA) Given Buy Rating at Sanford C. Bernstein

Sanford C. Bernstein restated their buy rating on shares of NVIDIA (NASDAQ:NVDAFree Report) in a research report report published on Monday morning,MarketScreener reports.

A number of other analysts have also recently weighed in on the stock. DZ Bank reiterated a “buy” rating on shares of NVIDIA in a report on Thursday, May 21st. Itau BBA Securities reiterated a “market perform” rating on shares of NVIDIA in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $255.00 price objective (up from $220.00) on shares of NVIDIA in a research note on Thursday, May 21st. KeyCorp set a $310.00 price target on NVIDIA and gave the company an “overweight” rating in a research note on Thursday, May 21st. Finally, William Blair restated an “outperform” rating on shares of NVIDIA in a report on Tuesday, June 2nd. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, NVIDIA currently has an average rating of “Buy” and a consensus target price of $305.67.

Read Our Latest Report on NVIDIA

NVIDIA Trading Up 0.7%

Shares of NASDAQ:NVDA opened at $210.14 on Monday. The company has a 50-day simple moving average of $204.12 and a 200 day simple moving average of $190.77. The company has a market capitalization of $5.09 trillion, a P/E ratio of 32.21, a price-to-earnings-growth ratio of 0.46 and a beta of 2.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. NVIDIA has a 52-week low of $140.85 and a 52-week high of $236.54.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The business had revenue of $81.62 billion for the quarter, compared to analysts’ expectations of $78.42 billion. During the same quarter in the prior year, the business earned $0.81 EPS. The firm’s revenue for the quarter was up 85.2% on a year-over-year basis. Sell-side analysts forecast that NVIDIA will post 8.61 earnings per share for the current year.

NVIDIA announced that its board has authorized a stock buyback plan on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

NVIDIA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, June 4th. NVIDIA’s dividend payout ratio (DPR) is currently 15.31%.

Insider Buying and Selling at NVIDIA

In related news, Director Stephen C. Neal sold 15,500 shares of NVIDIA stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the transaction, the director directly owned 116,135 shares of the company’s stock, valued at $25,053,803.55. The trade was a 11.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 42,650 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $174.89, for a total transaction of $7,459,058.50. Following the sale, the chief financial officer directly owned 881,387 shares of the company’s stock, valued at $154,145,772.43. The trade was a 4.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,622,461 shares of company stock worth $332,629,083 over the last quarter. Company insiders own 3.94% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently bought and sold shares of NVDA. Positano Wealth Management Ltd lifted its holdings in shares of NVIDIA by 20.5% during the first quarter. Positano Wealth Management Ltd now owns 121,352 shares of the computer hardware maker’s stock valued at $21,164,000 after purchasing an additional 20,660 shares in the last quarter. Farmers National Bank grew its stake in shares of NVIDIA by 50.2% during the 1st quarter. Farmers National Bank now owns 49,919 shares of the computer hardware maker’s stock valued at $8,706,000 after acquiring an additional 16,695 shares during the period. Wealthquest Corp raised its stake in NVIDIA by 15.6% during the 1st quarter. Wealthquest Corp now owns 27,339 shares of the computer hardware maker’s stock worth $4,768,000 after acquiring an additional 3,698 shares during the period. Stillwater Private Wealth LLC purchased a new position in NVIDIA during the first quarter valued at approximately $321,000. Finally, NewEdge Advisors LLC boosted its position in shares of NVIDIA by 3.1% in the first quarter. NewEdge Advisors LLC now owns 3,427,577 shares of the computer hardware maker’s stock worth $592,253,000 after purchasing an additional 103,145 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

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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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