NVIDIA (NASDAQ:NVDA) Stock Price Up 2.6% – Still a Buy?

Shares of NVIDIA Corporation (NASDAQ:NVDA) were up 2.6% during trading on Tuesday . The company traded as high as $213.06 and last traded at $211.94. Approximately 128,950,126 shares traded hands during trading, a decline of 21% from the average session volume of 163,633,406 shares. The stock had previously closed at $206.64.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: SpaceX endorsement strengthens the growth outlook. Elon Musk said SpaceX will build its AI infrastructure exclusively around NVIDIA systems, including the Vera Rubin platform, and outlined ambitions for substantial computing capacity in orbit and on Earth. Analysts view even partial execution of these plans as a potentially significant source of future revenue. Nvidia Stock Is on the Rise After SpaceX Announcement
• Positive Sentiment: Demand signals remain robust across the AI infrastructure ecosystem. Zayo is collaborating with NVIDIA to expand network capacity for AI factories, while AZIO AI announced a potential purchase of up to 128 HGX B300 systems valued at approximately $77 million. NVIDIA’s B200 systems are also reportedly sold out, supporting expectations for continued strong orders. Zayo Teams with NVIDIA
• Positive Sentiment: Investors are anticipating further catalysts. Coverage highlights NVIDIA’s expansion into custom CPUs, networking, software and enterprise AI, potentially broadening its opportunity beyond GPUs. Analysts remain bullish ahead of the company’s expected August 26 earnings report, with reported median price targets well above current levels. NVIDIA’s Custom CPU Expansion
• Neutral Sentiment: Institutional interest is mixed but includes notable buying. Lazard, Allen Investment Management and DekaBank each reported adding hundreds of thousands of NVIDIA shares. However, broader filings show both large purchases and sales, making the signal less decisive.
• Negative Sentiment: Profit-taking and sector concerns are limiting momentum. NVIDIA briefly slipped after its rally, while a weak SanDisk outlook pressured AI and memory-chip stocks. Reports also suggest NVIDIA may consider lower-memory Rubin Ultra designs to reduce high-bandwidth memory constraints, highlighting supply-chain risks. Why NVIDIA, Micron and AMD Are Down After SanDisk Outlook
• Negative Sentiment: Valuation and competitive risks remain. NVIDIA insiders have reported sales but no open-market purchases in recent months. Investors are also monitoring AMD’s open-source strategy, custom chips from major AI companies, and possible restrictions on Chinese AI components.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of NVIDIA from $287.00 to $307.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Morgan Stanley set a $288.00 target price on NVIDIA and gave the stock an “overweight” rating in a report on Thursday, May 21st. TD Cowen reiterated a “buy” rating and set a $275.00 target price (up from $235.00) on shares of NVIDIA in a research report on Friday, May 15th. BNP Paribas Exane boosted their price target on NVIDIA from $270.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Finally, Wolfe Research restated an “outperform” rating and issued a $275.00 price target on shares of NVIDIA in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $304.26.

NVIDIA Price Performance

The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $205.31 and a 200-day simple moving average of $196.77. The firm has a market cap of $5.30 trillion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 0.41 and a beta of 2.23.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating the consensus estimate 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 $81.61 billion for the quarter, compared to the consensus estimate of $78.42 billion. During the same period in the previous year, the business earned $0.81 earnings per share. The business’s revenue was up 85.2% on a year-over-year basis. Equities analysts anticipate that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 4th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, June 4th. This represents a $1.00 annualized dividend and a yield of 0.5%. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s dividend payout ratio (DPR) is 15.31%.

NVIDIA announced that its board has initiated a share buyback program on Wednesday, May 20th that permits the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to buy up to 1.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 885,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the transaction, the director directly owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. This represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 625 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the transaction, the director directly owned 14,163 shares of the company’s stock, valued at approximately $3,030,882. This trade represents a 4.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,901,125 shares of company stock valued at $410,583,015 in the last ninety days. Corporate insiders own 3.94% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lifetime Wealth Management P.C. purchased a new stake in shares of NVIDIA in the fourth quarter valued at $26,000. Longview Financial Advisors Inc. purchased a new position in shares of NVIDIA during the 1st quarter worth about $27,000. Longfellow Investment Management Co. LLC grew its holdings 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 valued at $33,000 after purchasing an additional 67 shares during the last quarter. Langley Wealth Management LLC purchased a new stake in NVIDIA in the 2nd quarter worth about $34,000. Finally, Phillip James Consulting Co. purchased a new stake in NVIDIA in the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 65.27% of the company’s 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.