NVIDIA’s (NVDA) Overweight Rating Reiterated at KeyCorp

KeyCorp reissued their overweight rating on shares of NVIDIA (NASDAQ:NVDA) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The firm currently has a $330.00 target price on the computer hardware maker’s stock.

Several other equities analysts also recently weighed in on NVDA. Sanford C. Bernstein reissued a “buy” rating on shares of NVIDIA in a research report on Monday, June 29th. JPMorgan Chase & Co. raised their price target on NVIDIA from $265.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Argus lifted their price objective on shares of NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Tigress Financial reiterated a “strong-buy” rating and set a $425.00 price objective (up from $360.00) on shares of NVIDIA in a research report on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $255.00 target price (up from $220.00) on shares of NVIDIA in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $308.46.

NVIDIA Stock Down 1.6%

Shares of NASDAQ:NVDA opened at $209.66 on Monday. The company has a market cap of $5.07 trillion, a price-to-earnings ratio of 32.11, a PEG ratio of 0.42 and a beta of 2.23. NVIDIA has a 12 month low of $164.07 and a 12 month high of $236.54. 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 company has a 50-day moving average price of $207.61 and a 200 day moving average price of $200.35.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to analysts’ expectations of $92.27 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm’s revenue for the quarter was up 105.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 earnings per share. As a group, equities research analysts predict that NVIDIA will post 8.8 earnings per share for the current year.

NVIDIA declared that its board has initiated a share buyback plan on Wednesday, May 20th that allows the company to buyback $80.00 billion in shares. This buyback authorization allows 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 leadership believes its shares are undervalued.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total value of $3,343,815.00. Following the sale, the director owned 116,135 shares in the company, valued at $25,053,803.55. This trade represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 885,000 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the sale, the director directly owned 5,207,271 shares of the company’s stock, valued at $1,094,412,146.07. This represents a 14.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,900,500 shares of company stock worth $410,449,265 in the last ninety days. 3.94% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds have recently added to or reduced their stakes in NVDA. State Street Corp increased its holdings in NVIDIA by 1.2% during the 4th quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker’s stock worth $184,911,111,000 after purchasing an additional 11,451,386 shares during the period. Geode Capital Management LLC grew its position in shares of NVIDIA by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker’s stock worth $109,446,217,000 after buying an additional 3,383,441 shares in the last quarter. Norges Bank bought a new position in shares of NVIDIA during the 4th quarter worth $62,244,133,000. Bank of America Corp DE increased its stake in shares of NVIDIA by 2.2% during the second quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker’s stock valued at $39,090,956,000 after buying an additional 4,165,875 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of NVIDIA by 1.5% during the third quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker’s stock valued at $33,808,862,000 after buying an additional 2,609,560 shares during the period. 65.27% of the stock is currently owned by institutional investors.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA reported record fiscal Q2 revenue of $96.2 billion, up 106% year over year, while adjusted earnings per share of $2.22 exceeded the $2.09 consensus estimate. Data Center revenue rose 117% to $89.0 billion, confirming continued hyperscaler and AI-infrastructure demand. NVIDIA reports earnings beat as revenue more than doubles
• Positive Sentiment: Management forecast fiscal Q3 revenue of approximately $108 billion, above Wall Street expectations, and said fiscal 2028 revenue is expected to grow about 70%. The Vera Rubin platform is ramping into full production, supporting the longer-term growth outlook. Nvidia forecasts quarterly revenue above estimates
• Positive Sentiment: NVIDIA expanded its partnership with Amazon Web Services to deliver up to 2 million additional GPUs and next-generation AI infrastructure. The company also announced financing partnerships with major investment firms intended to mobilize more than $500 billion for AI buildouts, potentially expanding its customer base. AWS and NVIDIA to deliver 2 million additional GPUs
• Neutral Sentiment: Profitability remains exceptionally strong, with a 75% Q2 gross margin, $59.7 billion in GAAP net income and approximately $26 billion returned through buybacks and dividends. However, operating expenses increased 55% year over year, and investors are monitoring whether spending and investments will rise faster than earnings. NVIDIA announces financial results for second quarter fiscal 2027
• Negative Sentiment: Fiscal Q3 gross-margin guidance of approximately 74% is below Q2’s 75%, giving investors a reason to take profits despite the revenue beat. The outlook also assumes no Data Center compute revenue from China, highlighting regulatory and market-access risks. Nvidia forecasts quarterly revenue above estimates
• Negative Sentiment: Investors remain concerned that custom chips from customers such as OpenAI and Microsoft could gradually reduce demand for NVIDIA GPUs in inference workloads. Analysts also questioned whether NVIDIA’s investments and compute-financing initiatives could create circular-financing concerns. OpenAI’s Jalapeño AI chip brings new threat to Nvidia margins

About NVIDIA

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.