NVIDIA’s (NVDA) Overweight Rating Reiterated at Wells Fargo & Company

Wells Fargo & Company reaffirmed their overweight rating on shares of NVIDIA (NASDAQ:NVDA) in a report published on Tuesday morning, Marketbeat.com reports. Wells Fargo & Company currently has a $315.00 price objective on the computer hardware maker’s stock.

Several other research firms also recently commented on NVDA. Morgan Stanley set a $288.00 price objective on NVIDIA and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Truist Financial boosted their price objective on NVIDIA from $287.00 to $307.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Wedbush increased their target price on shares of NVIDIA from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Itau BBA Securities decreased their target price on shares of NVIDIA from $256.00 to $218.00 in a research note on Wednesday, June 24th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $275.00 price target on shares of NVIDIA in a report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NVIDIA presently has an average rating of “Buy” and a consensus price target of $305.94.

NVIDIA Trading Up 0.5%

Shares of NVDA stock opened at $225.30 on Tuesday. 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 company has a market cap of $5.45 trillion, a price-to-earnings ratio of 34.50, a PEG ratio of 0.44 and a beta of 2.23. NVIDIA has a 1 year low of $164.07 and a 1 year high of $236.54. The firm has a fifty day moving average price of $205.74 and a 200-day moving average price of $198.32.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. The company had revenue of $81.61 billion for the quarter, compared to analysts’ expectations of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.NVIDIA’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same period last year, the firm earned $0.81 EPS. As a group, equities analysts predict that NVIDIA will post 8.79 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were given a $0.25 dividend. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, June 4th. NVIDIA’s dividend payout ratio (DPR) is presently 15.31%.

NVIDIA announced that its board has initiated a share buyback plan on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 885,000 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the transaction, the director owned 5,207,271 shares in the company, valued at $1,094,412,146.07. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen C. Neal sold 15,500 shares of NVIDIA stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the transaction, the director directly owned 116,135 shares of the company’s stock, valued at $25,053,803.55. The trade was a 11.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,901,125 shares of company stock worth $410,583,015 over the last 90 days. 3.94% of the stock is owned by insiders.

Institutional Investors Weigh In On NVIDIA

Several large investors have recently added to or reduced their stakes in NVDA. Diversified Enterprises LLC lifted its stake in shares of NVIDIA by 44.2% in the 4th quarter. Diversified Enterprises LLC now owns 127,604 shares of the computer hardware maker’s stock valued at $23,798,000 after purchasing an additional 39,129 shares during the period. Altshuler Shaham Ltd lifted its holdings in shares of NVIDIA by 6,451.9% in the 1st quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker’s stock worth $111,134,000 after purchasing an additional 627,510 shares in the last quarter. ASR Vermogensbeheer N.V. grew its holdings in shares of NVIDIA by 1.8% during the fourth quarter. ASR Vermogensbeheer N.V. now owns 3,169,377 shares of the computer hardware maker’s stock valued at $591,086,000 after buying an additional 54,877 shares during the last quarter. Storen Legacy Partners LLC acquired a new position in NVIDIA during the 4th quarter valued at about $1,350,000. Finally, Weaver Capital Management LLC raised its stake in shares of NVIDIA by 5.5% in the fourth quarter. Weaver Capital Management LLC now owns 85,216 shares of the computer hardware maker’s stock worth $15,893,000 after purchasing an additional 4,439 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: $500 billion AI financing initiative: NVIDIA’s agreement with major financial firms—including Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR—could reduce funding barriers for data-center construction and stimulate demand for NVIDIA GPUs, networking products and software. Bank of America said the plan helps ease financing risk. NVIDIA’s $500B Funding Push: Can It Unlock More Revenue Growth?
• Positive Sentiment: Demand remains broad and durable: CoreWeave reportedly continues renting older A100 GPUs through 2029 at full pricing, challenging fears of rapid hardware obsolescence. NVIDIA also added seven Japanese industrial companies to its physical-AI coalition, potentially expanding long-term demand in robotics and manufacturing. This 2020 Nvidia chip is still going strong
• Positive Sentiment: Analyst and institutional support: Bank of America identified NVIDIA and AMD as leading beneficiaries of the expanding AI chip market, while Wells Fargo reiterated an Overweight rating. Cathie Wood’s Ark Invest also purchased approximately $59.9 million of NVIDIA shares before earnings. BofA picks AMD and Nvidia as AI chip winners
• Neutral Sentiment: Earnings are the next major catalyst: Investors are watching the price level highlighted by Bank of America and whether NVIDIA can extend its recent momentum. Consensus expectations call for another substantial revenue increase, raising the importance of guidance on Blackwell, Vera Rubin, networking and customer diversification. BofA Says This Nvidia Price Level Is the One to Watch Before Earnings
• Negative Sentiment: Financing and valuation concerns persist: Critics, including Michael Burry, argue that NVIDIA’s investments, customer funding and GPU sales may create a circular-financing web. The stock’s very large market capitalization leaves little room for execution or demand disappointments. Nvidia is trying to quiet circular financing accusations
• Negative Sentiment: Geopolitical and customer risks: CEO Jensen Huang warned that China shifting AI workloads toward Huawei hardware could weaken U.S. chip dominance. Investors are also examining whether hyperscaler concentration and potential customer self-designed chips could eventually pressure NVIDIA’s growth.
• Neutral Sentiment: Market backdrop: Asian market halts and currency-driven liquidations have created volatility across semiconductor stocks, but the reported disruptions appear liquidity-related rather than evidence of weakening AI demand. Asian Market Circuit Breakers Hit Stocks, Not AI Demand

About NVIDIA

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.