NVIDIA (NASDAQ:NVDA) Given “Overweight” Rating at Morgan Stanley

Morgan Stanley reiterated their overweight rating on shares of NVIDIA (NASDAQ:NVDA) in a research report sent to investors on Wednesday, Marketbeat reports. The brokerage currently has a $300.00 target price on the computer hardware maker’s stock.

Several other research analysts also recently weighed in on NVDA. Sanford C. Bernstein reissued an “outperform” rating on shares of NVIDIA in a research note on Monday. KGI Securities upped their target price on shares of NVIDIA from $335.00 to $345.00 in a report on Thursday, August 27th. Weiss Ratings cut shares of NVIDIA from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, November 2nd. DZ Bank reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, August 26th. Finally, BMO Capital Markets set a $340.00 price objective on shares of NVIDIA and gave the company an “outperform” rating in a research report on Thursday, August 20th. Five research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $314.24.

NVIDIA Stock Performance

NASDAQ NVDA opened at $173.73 on Wednesday. NVIDIA has a fifty-two week low of $164.27 and a fifty-two week high of $243.37. The stock has a market cap of $4.19 trillion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 1.30 and a beta of 2.21. The business has a fifty day moving average of $217.12 and a 200-day moving average of $204.35. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.13. The business had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The business’s revenue was up 105.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 earnings per share. As a group, analysts predict that NVIDIA will post 9.30 earnings per share for the current fiscal year.

NVIDIA declared that its board has approved a stock buyback plan on Monday, September 28th that allows the company to repurchase $150 billion in shares. This repurchase authorization allows the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, September 10th. NVIDIA’s dividend payout ratio is presently 12.64%.

Insider Buying and Selling

In other NVIDIA news, EVP Timothy Teter sold 30,460 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total value of $6,786,488.00. Following the sale, the executive vice president directly owned 2,687,660 shares of the company’s stock, valued at approximately $598,810,648. This trade represents a 1.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the sale, the director directly owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Boyd Wealth Management LLC boosted its stake in shares of NVIDIA by 273.4% in the second quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker’s stock valued at $1,830,000 after purchasing an additional 6,696 shares during the period. Ally Financial Inc. grew its holdings in NVIDIA by 10.3% during the 2nd quarter. Ally Financial Inc. now owns 172,000 shares of the computer hardware maker’s stock valued at $34,415,000 after purchasing an additional 16,000 shares in the last quarter. Altshuler Shaham Ltd increased its stake in NVIDIA by 6,451.9% during the 1st quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker’s stock worth $111,134,000 after buying an additional 627,510 shares during the period. Vanguard Capital Wealth Advisors increased its stake in NVIDIA by 5.6% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 52,163 shares of the computer hardware maker’s stock worth $10,437,000 after buying an additional 2,758 shares during the period. Finally, Baker Tilly Wealth Management LLC lifted its holdings in NVIDIA by 7.4% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 71,898 shares of the computer hardware maker’s stock worth $14,386,000 after buying an additional 4,958 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA News Roundup

These are some of the NVDA news items that stood out recently:

• Positive Sentiment: Better-than-expected results from AI cloud provider CoreWeave revived confidence that data-center infrastructure spending remains strong, supporting demand for NVIDIA’s chips. Article: Nvidia rebounds as CoreWeave earnings reignite the AI trade
• Neutral Sentiment: Analyst views remain divided: Baird cut its rating to Neutral and sharply lowered its target, while Morgan Stanley retained an Overweight rating and a $300 target. Article: Analysts disagree on Nvidia
• Negative Sentiment: Allegations around Huang’s ties to a woman suspected of Chinese intelligence links have widened into national-security and export-control concerns. Congressional scrutiny and reports of restricted chips reaching Chinese buyers could invite tighter rules and legal or reputational fallout; the claims remain under investigation. Article: Nvidia controversy revives chip-export debate

About NVIDIA

NVIDIA Corporation develops graphics processing units (GPUs), accelerated computing platforms and related software. Founded in 1993, the company first became widely known for GPUs used in PC gaming and professional graphics. Its technology now also supports artificial intelligence, scientific computing and other data-intensive applications. NVIDIA’s offerings include GeForce products for gaming, data-center GPUs and systems for AI workloads, and networking products that connect computing infrastructure.