NVIDIA's (NVDA) Buy Rating Reaffirmed at Sanford C. Bernstein

Key Points

• NVIDIA's stock has been reaffirmed with a buy rating by Sanford C. Bernstein, with several other firms also reporting upgrades and positive ratings.
• The company reported Q2 earnings with $1.05 EPS, exceeding estimates, and revenue of $46.74 billion, marking a 55.6% increase from the previous year.
• NVIDIA's stock experienced a 1.5% decline on the latest trading day, with its current market cap at approximately $4.40 trillion.

NVIDIA (NASDAQ:NVDA - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Sanford C. Bernstein in a research note issued to investors on Tuesday,MarketScreener reports.

Several other research firms also recently issued reports on NVDA. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Raymond James Financial raised their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. JPMorgan Chase & Co. reissued a "buy" rating and issued a $215.00 price target on shares of NVIDIA in a report on Friday. The Goldman Sachs Group restated a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, August 27th. Finally, Wells Fargo & Company boosted their price objective on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a report on Monday, August 11th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $208.76.

NVIDIA Stock Down 1.5%

NVDA opened at $180.92 on Tuesday. The company's 50-day moving average price is $176.12 and its two-hundred day moving average price is $144.35. NVIDIA has a twelve month low of $86.62 and a twelve month high of $184.55. The stock has a market cap of $4.40 trillion, a price-to-earnings ratio of 51.70, a PEG ratio of 1.28 and a beta of 2.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm's quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts expect that NVIDIA will post 2.77 earnings per share for the current year.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of the company's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the transaction, the chief financial officer owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. This represents a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen C. Neal sold 28,000 shares of NVIDIA stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $177.58, for a total transaction of $4,972,240.00. Following the completion of the sale, the director owned 143,410 shares of the company's stock, valued at $25,466,747.80. This represents a 16.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,109,874 shares of company stock worth $698,280,697 in the last three months. 4.17% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NVIDIA

Several large investors have recently added to or reduced their stakes in NVDA. Astoria Portfolio Advisors LLC. boosted its holdings in shares of NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares during the last quarter. Centerpoint Advisory Group raised its stake in shares of NVIDIA by 2.5% during the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after acquiring an additional 943 shares in the last quarter. GSB Wealth Management LLC lifted its holdings in shares of NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after buying an additional 1,043 shares during the period. Variant Private Wealth LLC grew its holdings in NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after acquiring an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc increased its holdings in NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after buying an additional 1,265 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.