NVIDIA (NASDAQ:NVDA) Stock Rating Cut to “Neutral” at Robert W. Baird

Robert W. Baird cut shares of NVIDIA (NASDAQ:NVDA) from an outperform rating to a neutral rating in a research note published on Wednesday morning, Marketbeat reports. The brokerage currently has $200.00 target price on the computer hardware maker’s stock, down from their previous target price of $500.00.

Several other research firms have also recently weighed in on NVDA. Mizuho set a $250.00 price target on NVIDIA in a report on Monday. Truist Financial increased their price objective on shares of NVIDIA from $307.00 to $346.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $300.00 price objective on shares of NVIDIA in a research note on Monday. Wall Street Zen downgraded shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 24th. Finally, DA Davidson restated a “buy” rating and set a $300.00 target price on shares of NVIDIA in a research report on Thursday, August 27th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $314.24.

NVIDIA Stock Up 2.9%

NASDAQ NVDA opened at $173.73 on Wednesday. The stock has a market cap of $4.19 trillion, a PE ratio of 21.96, a P/E/G ratio of 1.30 and a beta of 2.21. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. NVIDIA has a 12 month low of $164.27 and a 12 month high of $243.37. The stock’s 50 day moving average is $217.12 and its 200 day moving average is $204.35.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.13. The firm had revenue of $96.22 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 earnings per share. Research analysts predict that NVIDIA will post 9.30 EPS for the current fiscal year.

NVIDIA declared that its board has approved a share repurchase program on Monday, September 28th that permits the company to repurchase $150 billion in shares. This buyback authorization permits the computer hardware maker to reacquire up to 2.8% of its stock through open market purchases. Share buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other news, Director Mark Stevens sold 622,239 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the transaction, the director owned 2,336,531 shares of the company’s stock, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 34,918 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value of $7,648,787.90. Following the completion of the sale, the chief financial officer owned 765,103 shares in the company, valued at approximately $167,595,812.15. The trade was a 4.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,766,118 shares of company stock valued at $399,450,353. Company insiders own 3.94% of the company’s stock.

Institutional Trading of NVIDIA

Several institutional investors and hedge funds have recently made changes to their positions in NVDA. Red Oak Financial Group LLC acquired a new stake in NVIDIA in the third quarter valued at approximately $361,000. Mayflower Financial Advisors LLC increased its position in shares of NVIDIA by 1.7% during the third quarter. Mayflower Financial Advisors LLC now owns 70,944 shares of the computer hardware maker’s stock worth $16,202,000 after purchasing an additional 1,199 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of NVIDIA during the 3rd quarter valued at $41,937,000. NFC Investments LLC purchased a new stake in shares of NVIDIA during the 3rd quarter valued at $309,000. Finally, Edmond DE Rothschild Holding S.A. boosted its position in shares of NVIDIA by 8.4% in the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 1,667,870 shares of the computer hardware maker’s stock worth $380,908,000 after purchasing an additional 129,920 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Key Headlines Impacting NVIDIA

Here are a few of the latest headlines about NVDA:

• 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
• Positive Sentiment: NVIDIA’s planned $10 billion investment in Anthropic alongside its IPO could strengthen ties with a major AI customer, though the investment also represents a substantial commitment. Article: Nvidia and Alphabet to buy Anthropic stock
• 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

NVIDIA Company Profile

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.