NVIDIA’s (NVDA) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of NVIDIA (NASDAQ:NVDAFree Report) in a report issued on Monday,Benzinga reports. The firm currently has a $325.00 price objective on the computer hardware maker’s stock.

Several other research analysts have also recently weighed in on NVDA. Jefferies Financial Group restated a “buy” rating and set a $275.00 price target (up from $250.00) on shares of NVIDIA in a report on Friday, January 16th. The Goldman Sachs Group set a $250.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research note on Wednesday, February 25th. Royal Bank Of Canada reissued an “outperform” rating and set a $250.00 target price on shares of NVIDIA in a research report on Tuesday, March 17th. JPMorgan Chase & Co. upped their target price on NVIDIA from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Finally, Mizuho set a $275.00 price target on NVIDIA and gave the company an “outperform” rating in a research report on Friday, January 9th. Four analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NVIDIA has an average rating of “Buy” and a consensus price target of $275.95.

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NVIDIA Trading Up 2.0%

NASDAQ NVDA opened at $178.68 on Monday. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $184.11 and a 200 day simple moving average of $184.34. NVIDIA has a 12 month low of $86.62 and a 12 month high of $212.19. The firm has a market capitalization of $4.34 trillion, a P/E ratio of 36.47, a PEG ratio of 0.59 and a beta of 2.33.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. The firm had revenue of $68.13 billion for the quarter, compared to the consensus estimate of $65.56 billion. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The business’s revenue for the quarter was up 73.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 EPS. On average, analysts predict that NVIDIA will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 0.82%.

Insider Buying and Selling

In related news, Director John Dabiri sold 3,004 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $184.90, for a total value of $555,439.60. Following the transaction, the director owned 14,788 shares in the company, valued at approximately $2,734,301.20. This represents a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 221,682 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $173.68, for a total value of $38,501,729.76. Following the completion of the transaction, the director owned 7,399,771 shares in the company, valued at approximately $1,285,192,227.28. The trade was a 2.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,401,616 shares of company stock worth $253,555,407 in the last three months. Insiders own 4.17% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NVDA. Center for Financial Planning Inc. increased its stake in NVIDIA by 4.6% in the second quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock valued at $1,332,000 after acquiring an additional 367 shares during the last quarter. PMG Family Office LLC purchased a new stake in NVIDIA during the third quarter valued at about $2,150,000. Atria Investments Inc lifted its stake in NVIDIA by 3.2% during the second quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock worth $148,859,000 after purchasing an additional 29,479 shares during the last quarter. Svenska Handelsbanken AB publ bought a new stake in NVIDIA during the third quarter worth about $37,316,000. Finally, Oak Ridge Investments LLC boosted its holdings in shares of NVIDIA by 2.2% in the 3rd quarter. Oak Ridge Investments LLC now owns 970,860 shares of the computer hardware maker’s stock worth $181,143,000 after purchasing an additional 20,559 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

About NVIDIA

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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.

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Analyst Recommendations for NVIDIA (NASDAQ:NVDA)

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