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

NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reiterated by analysts at Sanford C. Bernstein in a note issued to investors on Monday,MarketScreener reports.

Several other research firms have also commented on NVDA. Benchmark reiterated a “buy” rating and issued a $335.00 price objective (up from $250.00) on shares of NVIDIA in a research report on Thursday, May 21st. Truist Financial upped their price target on shares of NVIDIA from $287.00 to $307.00 and gave the company a “buy” rating in a report on Thursday, May 21st. DA Davidson reissued a “buy” rating and set a $300.00 price objective on shares of NVIDIA in a research note on Monday, June 1st. Wall Street Zen raised NVIDIA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Finally, China Renaissance initiated coverage on NVIDIA in a research report on Friday, June 5th. They issued a “buy” rating and a $319.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA has an average rating of “Buy” and an average price target of $303.84.

NVIDIA Stock Performance

NVDA opened at $192.53 on Monday. NVIDIA has a 1-year low of $151.49 and a 1-year high of $236.54. The stock has a market cap of $4.66 trillion, a P/E ratio of 29.48, a P/E/G ratio of 0.43 and a beta of 2.22. The stock’s 50 day simple moving average is $210.66 and its 200 day simple moving average is $193.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. The company had revenue of $81.61 billion for the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.NVIDIA’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 earnings per share. As a group, equities analysts anticipate that NVIDIA will post 8.69 EPS for the current fiscal year.

NVIDIA declared that its Board of Directors has authorized a share repurchase plan on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the sale, the director directly owned 116,135 shares in the company, valued at $25,053,803.55. The trade was a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 885,000 shares of the firm’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 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 SEC filing for this sale provides additional information. Insiders sold a total of 1,901,125 shares of company stock worth $410,583,015 over the last ninety days. 3.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Lifetime Wealth Management P.C. purchased a new position in shares of NVIDIA in the fourth quarter valued at $26,000. Longview Financial Advisors Inc. acquired a new position in NVIDIA in the 1st quarter worth $27,000. Longfellow Investment Management Co. LLC boosted its position in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares during the last quarter. Phillip James Consulting Co. purchased a new position in NVIDIA in the 1st quarter valued at about $40,000. Finally, Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA during the second quarter valued at about $40,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Nvidia deepened its AI infrastructure push through new partnerships aimed at giving smaller companies more affordable access to Nvidia-powered computing, highlighting continued demand for its ecosystem. Nvidia’s AI Infrastructure Push Gets Bigger
• Positive Sentiment: Australia’s Firmus Technologies struck an AI access deal with Nvidia, another signal that Nvidia is broadening its reach in AI cloud infrastructure and monetizing demand from emerging AI startups. Australia’s Firmus Technologies strikes AI access deal with Nvidia
• Positive Sentiment: Nvidia’s BioNeMo Agent Toolkit and other AI software efforts suggest the company is pushing deeper into high-margin AI tools for life sciences and scientific discovery, not just GPUs. NVIDIA (NVDA) Launches BioNeMo Agent Toolkit to Accelerate AI-Driven Scientific Discovery in Life Sciences
• Positive Sentiment: Several pieces pointed to continued strength in the AI trade and stabilizing chip demand, including commentary that Nvidia was rising early Monday as investors refocused on data-center demand after a tough week. Nvidia Stock Steadies After Tough Week With Focus on AI Chip Demand
• Neutral Sentiment: Reports that banned Nvidia AI chips have doubled in price on China’s black market underscore persistent overseas demand, but also keep export-control risk in focus. NVIDIA’s (NVDA) Banned AI Chips Have Doubled in Price on China’s Black Market
• Negative Sentiment: A bearish technical call set a downside target near $170, reminding traders that NVDA can remain volatile after its recent run and that some investors still expect more downside. Top on-chain analyst sets super bearish Nvidia stock price target
• Negative Sentiment: One article also highlighted legal scrutiny, with Jamendo suing Nvidia over alleged misuse of data and music, adding a modest overhang even though it appears less material than the AI growth news. Jamendo Sues NVIDIA (NVDA) Over Alleged Misuse of Data and Music

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.