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

Sanford C. Bernstein restated their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a research note issued to investors on Wednesday,MarketScreener reports.

Several other analysts have also commented on NVDA. Jefferies Financial Group reiterated a “buy” rating and set a $250.00 price objective (up previously from $240.00) on shares of NVIDIA in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NVIDIA in a research report on Thursday, November 13th. New Street Research reissued a “buy” rating and issued a $307.00 price target on shares of NVIDIA in a report on Thursday, October 30th. Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Finally, Citigroup increased their price objective on shares of NVIDIA from $220.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Five analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $258.30.

NVIDIA Stock Down 2.0%

NASDAQ:NVDA opened at $176.67 on Wednesday. The company’s 50-day simple moving average is $186.90 and its 200-day simple moving average is $170.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The stock has a market capitalization of $4.29 trillion, a P/E ratio of 50.33, a P/E/G ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. The firm had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA’s revenue was up 62.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. On average, equities analysts anticipate that NVIDIA will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors 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 is Thursday, December 4th. NVIDIA’s dividend payout ratio is 0.99%.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction on 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 sale, the director directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This represents a 4.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,177,203 shares of company stock valued at $570,171,004. 4.17% of the stock is owned by insiders.

Hedge Funds Weigh In On NVIDIA

Several institutional investors and hedge funds have recently modified their holdings of NVDA. Strategic Advocates LLC grew its holdings in NVIDIA by 2.6% during the third quarter. Strategic Advocates LLC now owns 92,356 shares of the computer hardware maker’s stock worth $17,232,000 after acquiring an additional 2,309 shares during the period. Lantern Wealth Advisors LLC lifted its holdings in NVIDIA by 21.4% in the third quarter. Lantern Wealth Advisors LLC now owns 14,682 shares of the computer hardware maker’s stock valued at $2,739,000 after acquiring an additional 2,590 shares during the period. Vermillion & White Wealth Management Group LLC boosted its position in NVIDIA by 3.7% in the 3rd quarter. Vermillion & White Wealth Management Group LLC now owns 2,107 shares of the computer hardware maker’s stock worth $393,000 after purchasing an additional 75 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of NVIDIA during the 3rd quarter worth approximately $3,939,000. Finally, LWM Advisory Services LLC increased its holdings in shares of NVIDIA by 1.2% during the 3rd quarter. LWM Advisory Services LLC now owns 26,296 shares of the computer hardware maker’s stock valued at $4,902,000 after purchasing an additional 302 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

About NVIDIA

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.