KeyCorp Reaffirms Overweight Rating for NVIDIA (NASDAQ:NVDA)

Key Points

• KeyCorp reaffirmed its Overweight rating on NVIDIA and set a $330 price target, implying 53.67% upside from the stock’s $214.75 opening price. Analysts broadly remain bullish, with a consensus “Buy” rating and $308.01 target.
• NVIDIA’s board authorized an $80 billion share-repurchase program, allowing the company to buy back up to 1.5% of its shares; institutional investors currently own 65.27% of the stock.
• Despite strong analyst support, insiders sold approximately $410.6 million of NVIDIA shares over the past three months, including substantial sales by directors Mark Stevens and Stephen Neal.

NVIDIA (NASDAQ:NVDA - Get Free Report)'s stock had its "overweight" rating restated by research analysts at KeyCorp in a research note issued to investors on Monday,Benzinga reports. They presently have a $330.00 target price on the computer hardware maker's stock. KeyCorp's target price suggests a potential upside of 53.67% from the company's current price.

A number of other equities analysts also recently weighed in on NVDA. Citic Securities upped their price target on NVIDIA from $242.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, May 22nd. BMO Capital Markets set a $340.00 price objective on shares of NVIDIA and gave the company an "outperform" rating in a report on Thursday. CICC Research boosted their price objective on shares of NVIDIA from $240.60 to $268.30 and gave the stock an "outperform" rating in a research report on Friday, May 22nd. Wells Fargo & Company restated an "overweight" rating and set a $315.00 target price on shares of NVIDIA in a report on Tuesday, August 11th. Finally, Wedbush raised their target price on shares of NVIDIA from $300.00 to $330.00 and gave the company an "outperform" rating in a research report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $308.01.

NVIDIA Stock Up 0.0%

NVDA stock opened at $214.75 on Monday. 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 $5.20 trillion, a P/E ratio of 32.89, a P/E/G ratio of 0.42 and a beta of 2.23. NVIDIA has a fifty-two week low of $164.07 and a fifty-two week high of $236.54. The business has a 50-day moving average of $207.47 and a 200-day moving average of $199.62.

NVIDIA announced that its board has approved a stock repurchase plan 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Insider Activity at NVIDIA

In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 885,000 shares of NVIDIA stock in a transaction dated 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 directly owned 5,207,271 shares of the company's stock, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,901,125 shares of company stock valued at $410,583,015. 3.94% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

Hedge funds have recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after buying an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after acquiring an additional 22,929 shares during the period. Highview Capital Management LLC DE raised its holdings in NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after acquiring an additional 3,653 shares during the period. Hudson Value Partners LLC lifted its position in NVIDIA by 30.7% during the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after acquiring an additional 11,900 shares during the last quarter. Finally, Wealth Group Ltd. lifted its position in NVIDIA by 15.7% during the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock worth $715,000 after acquiring an additional 896 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Wall Street expects approximately $92 billion in quarterly revenue and strong year-over-year earnings growth. A beat accompanied by higher guidance—particularly for the next-generation Vera Rubin platform, China shipments, and networking—could revive the AI trade. Nvidia's Earnings Will Test Wall Street's Faith in the AI Boom
• Positive Sentiment: Analysts and commentators continue to highlight NVIDIA’s full-stack advantage across GPUs, networking, systems, and software. Data centers now generate more than 90% of revenue, underscoring the company’s exposure to continued hyperscaler and AI-factory investment. I've Covered Semiconductors for Years. Nvidia Is My No.
• Positive Sentiment: NVIDIA is reportedly discussing an investment in AI search startup Perplexity at a valuation above $30 billion. The potential deal could broaden NVIDIA’s strategic exposure to AI applications and reinforce its ecosystem. Nvidia discusses Perplexity investment
• Positive Sentiment: Reported price increases of more than 15% on some AI servers, along with continued data-center development partnerships, could support future revenue and pricing power, although higher costs may complicate the benefit. Nvidia customers notified about AI-related price hikes

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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