NVIDIA (NASDAQ:NVDA) Receives “Buy” Rating from UBS Group

UBS Group reissued their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a report issued on Thursday morning,MarketScreener Latest Ratings reports. UBS Group currently has a $235.00 price objective on the computer hardware maker’s stock.

A number of other equities analysts have also issued reports on NVDA. Argus reissued a “buy” rating and set a $220.00 price target on shares of NVIDIA in a research report on Thursday. Wolfe Research increased their price objective on shares of NVIDIA from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday. Melius Research boosted their target price on shares of NVIDIA from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday. Daiwa Capital Markets increased their price target on NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Finally, Arete lifted their price objective on NVIDIA from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Four analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $255.57.

NVIDIA Trading Down 3.0%

NASDAQ NVDA opened at $180.98 on Thursday. NVIDIA has a 52 week low of $86.62 and a 52 week high of $212.19. The company has a 50 day moving average price of $186.44 and a 200 day moving average price of $167.58. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm has a market cap of $4.40 trillion, a PE ratio of 51.56, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11.

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

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio is currently 1.14%.

Insider Activity

In related news, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the completion of the transaction, the chief financial officer owned 2,828,122 shares in the company, valued at $589,182,656.26. This represents a 0.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the completion of the transaction, the chief executive officer directly owned 69,733,203 shares in the company, valued at $14,498,230,235.73. This represents a 0.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 3,251,577 shares of company stock worth $583,143,187. Company insiders own 4.17% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds have recently modified their holdings of NVDA. Joule Financial LLC grew its holdings in NVIDIA by 2.2% in the 3rd quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker’s stock valued at $431,000 after buying an additional 50 shares in the last quarter. Vision Financial Markets LLC boosted its position in shares of NVIDIA by 1.2% during the 3rd quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock valued at $866,000 after acquiring an additional 53 shares during the last quarter. Websterrogers Financial Advisors LLC grew its holdings in shares of NVIDIA by 2.6% in the third quarter. Websterrogers Financial Advisors LLC now owns 2,118 shares of the computer hardware maker’s stock valued at $395,000 after purchasing an additional 54 shares during the period. IMG Wealth Management Inc. increased its position in NVIDIA by 1.4% during the third quarter. IMG Wealth Management Inc. now owns 3,820 shares of the computer hardware maker’s stock worth $713,000 after purchasing an additional 54 shares during the last quarter. Finally, Cyr Financial Inc. increased its position in NVIDIA by 0.7% during the third quarter. Cyr Financial Inc. now owns 7,737 shares of the computer hardware maker’s stock worth $1,444,000 after purchasing an additional 54 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.