Sanford C. Bernstein Reiterates “Buy” Rating for NVIDIA (NASDAQ:NVDA)

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

NVDA has been the subject of several other research reports. Needham & Company LLC restated a “buy” rating and set a $270.00 price target on shares of NVIDIA in a research note on Tuesday, June 2nd. Daiwa Securities Group upped their price objective on shares of NVIDIA from $215.00 to $255.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Barclays reiterated an “overweight” rating on shares of NVIDIA in a research note on Thursday, May 21st. Robert W. Baird set a $500.00 price target on NVIDIA and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, Citic Securities lifted their price objective on NVIDIA from $242.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $305.67.

NVIDIA Stock Performance

NASDAQ NVDA opened at $208.64 on Monday. The firm has a market cap of $5.05 trillion, a P/E ratio of 31.95, a P/E/G ratio of 0.46 and a beta of 2.22. NVIDIA has a 52-week low of $140.85 and a 52-week high of $236.54. The business’s 50-day moving average price is $204.12 and its 200 day moving average price is $190.77. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating 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 the consensus estimate of $78.42 billion. During the same period in the prior year, the business earned $0.81 EPS. The firm’s revenue was up 85.2% compared to the same quarter last year. On average, equities research analysts expect that NVIDIA will post 8.61 earnings per share for the current year.

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

Insider Buying and Selling

In other news, Director Stephen C. Neal sold 15,500 shares of NVIDIA 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 sale, the director owned 116,135 shares in the company, valued at $25,053,803.55. This trade represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 500,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $219.83, for a total transaction of $109,915,000.00. Following the completion of the transaction, the director owned 6,399,771 shares of the company’s stock, valued at $1,406,861,658.93. This trade represents a 7.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,622,461 shares of company stock valued at $332,629,083 over the last three months. Company insiders own 3.94% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds have recently bought and sold shares of NVDA. Lifetime Wealth Management P.C. bought a new stake in shares of NVIDIA in the 4th quarter valued at approximately $26,000. Longview Financial Advisors Inc. bought a new position in NVIDIA during the first quarter worth $27,000. Longfellow Investment Management Co. LLC lifted its stake in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares during the last quarter. Phillip James Consulting Co. acquired a new position in NVIDIA in the first quarter worth $40,000. Finally, Spurstone Advisory Services LLC acquired a new position in NVIDIA in the second quarter worth $40,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA announced multiyear partnerships with SK hynix, SK Telecom, and NAVER to co-develop next-generation memory and build gigawatt-scale AI infrastructure, reinforcing demand for its AI chips and ecosystem. NVIDIA and SK hynix Announce Multiyear Technology Partnership to Advance Memory for AI Factories
• Positive Sentiment: SK Telecom plans to build a gigawatt-scale AI cloud using NVIDIA’s DSX platform, which expands NVIDIA’s footprint in enterprise and sovereign AI infrastructure. SK Telecom and NVIDIA Build AI Infrastructure to Power Korea’s AI Innovation
• Positive Sentiment: NAVER also said it will use NVIDIA DSX to build AI factories at gigawatt scale, signaling additional long-term hardware demand and broader adoption of NVIDIA’s AI stack. NAVER Expands AI Infrastructure With NVIDIA to Serve Surging Global AI Demand
• Positive Sentiment: Recent coverage highlighted Jensen Huang’s comments that the AI infrastructure buildout is still early and that the memory shortage could last for years, which supports the view that NVIDIA’s revenue pipeline remains strong. SK Hynix announces multi-year tech deal with Nvidia for AI factories

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.