Needham & Company LLC Reiterates “Buy” Rating for NVIDIA (NASDAQ:NVDA)

NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company LLC in a note issued to investors on Tuesday,Benzinga reports. They currently have a $270.00 price target on the computer hardware maker’s stock. Needham & Company LLC’s price target suggests a potential upside of 19.86% from the company’s current price.

A number of other research firms have also weighed in on NVDA. Citigroup assumed coverage on NVIDIA in a research note on Wednesday, April 15th. They set a “buy” rating for the company. Citic Securities upped their target price on NVIDIA from $242.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $350.00 price target on shares of NVIDIA in a research report on Thursday, May 21st. KeyCorp set a $310.00 price target on NVIDIA and gave the company an “overweight” rating in a report on Thursday, May 21st. Finally, Morgan Stanley set a $288.00 price objective on NVIDIA and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $305.38.

NVIDIA Stock Performance

NVIDIA stock traded up $14.12 during trading hours on Tuesday, hitting $225.26. 211,390,549 shares of the stock traded hands, compared to its average volume of 159,809,696. The firm’s 50 day moving average price is $200.19 and its 200-day moving average price is $189.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. The stock has a market capitalization of $5.45 trillion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 0.51 and a beta of 2.22. NVIDIA has a 1 year low of $135.40 and a 1 year high of $236.54.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm had revenue of $81.62 billion during the quarter, compared to analysts’ expectations of $78.42 billion. During the same period last year, the business posted $0.81 earnings per share. The company’s revenue for the quarter was up 85.2% compared to the same quarter last year. As a group, equities analysts expect that NVIDIA will post 8.04 EPS for the current fiscal year.

NVIDIA declared that its Board of Directors has approved a share buyback program on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 1.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 42,650 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $174.89, for a total transaction of $7,459,058.50. Following the transaction, the chief financial officer owned 881,387 shares of the company’s stock, valued at approximately $154,145,772.43. The trade was a 4.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Aarti S. Shah sold 19,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the completion of the sale, the director directly owned 36,007 shares of the company’s stock, valued at $6,362,796.97. This represents a 34.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 906,961 shares of company stock valued at $162,936,268 in the last three months. Company insiders own 3.94% of the company’s stock.

Institutional Trading of NVIDIA

Several hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in NVIDIA in the 4th quarter valued at about $62,244,133,000. J. Stern & Co. LLP boosted its stake in shares of NVIDIA by 13,709.1% in the fourth quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker’s stock valued at $23,454,297,000 after purchasing an additional 124,849,603 shares during the period. Cardano Risk Management B.V. boosted its stake in shares of NVIDIA by 896.4% in the fourth quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker’s stock valued at $14,570,119,000 after purchasing an additional 70,283,539 shares during the period. Capital Research Global Investors grew its holdings in shares of NVIDIA by 16.1% in the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock valued at $30,855,564,000 after purchasing an additional 22,896,705 shares in the last quarter. Finally, Laurel Wealth Advisors LLC grew its holdings in shares of NVIDIA by 15,496.1% in the second quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock valued at $3,454,534,000 after purchasing an additional 21,725,326 shares in the last quarter. 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’s RTX Spark/N1X launch is pushing the company into AI PCs, creating a new revenue opportunity and boosting sentiment around its long-term growth. Nvidia jumps into PCs with new Arm-based chip debuting in laptops from Microsoft, Dell, HP
• Positive Sentiment: Analysts and industry partners continue to back NVIDIA’s AI platform, with new collaborations across cloud, hardware, and enterprise software strengthening the company’s ecosystem. NVIDIA DSX Gives Infrastructure Builders the Playbook for AI Factories
• Positive Sentiment: Management said supply is strong enough to support robust CPU and GPU growth, reducing near-term execution concerns. Nvidia CEO says has capacity to supply robust CPU and GPU growth
• Neutral Sentiment: News that Chinese labs with military ties are seeking access to NVIDIA’s H200 chips underscores demand, but also keeps export-control risks and geopolitical scrutiny in focus. Nvidia Chips Sought by Chinese Labs With Military Ties
• Negative Sentiment: The U.S. also moved to tighten AI-chip shipment rules tied to Chinese firms outside China, a reminder that regulation could still limit NVIDIA’s addressable market. US takes step to halt Nvidia AI chip shipments to Chinese firms outside China

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.