NVIDIA’s (NVDA) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of NVIDIA (NASDAQ:NVDA) in a research report released on Monday,Benzinga reports. Cantor Fitzgerald currently has a $200.00 price target on the computer hardware maker’s stock. Cantor Fitzgerald also issued estimates for NVIDIA’s FY2025 earnings at $2.77 EPS.

Several other research analysts have also recently weighed in on the stock. Stifel Nicolaus upped their price objective on shares of NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Robert W. Baird increased their price target on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Piper Sandler upped their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Morgan Stanley raised their price target on NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, UBS Group upped their price objective on NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.23.

NVIDIA Stock Performance

NASDAQ NVDA opened at $123.43 on Monday. The company’s 50 day simple moving average is $137.91 and its two-hundred day simple moving average is $129.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA has a 1 year low of $60.70 and a 1 year high of $153.13. The stock has a market capitalization of $3.02 trillion, a PE ratio of 48.58, a P/E/G ratio of 2.65 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm’s revenue was up 93.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. Analysts predict that NVIDIA will post 2.78 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 in the last ninety days. Insiders own 4.23% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds have recently modified their holdings of the business. MGB Wealth Management LLC lifted its position in shares of NVIDIA by 3.6% during the 4th quarter. MGB Wealth Management LLC now owns 60,176 shares of the computer hardware maker’s stock valued at $8,141,000 after buying an additional 2,086 shares in the last quarter. Morris Financial Concepts Inc. raised its stake in NVIDIA by 40.4% during the 4th quarter. Morris Financial Concepts Inc. now owns 3,780 shares of the computer hardware maker’s stock worth $508,000 after acquiring an additional 1,087 shares during the period. Howard Bailey Securities LLC lifted its holdings in NVIDIA by 195.1% during the fourth quarter. Howard Bailey Securities LLC now owns 19,625 shares of the computer hardware maker’s stock valued at $2,635,000 after purchasing an additional 12,974 shares in the last quarter. Tranquility Partners LLC boosted its position in shares of NVIDIA by 1.2% in the fourth quarter. Tranquility Partners LLC now owns 38,590 shares of the computer hardware maker’s stock worth $5,182,000 after purchasing an additional 471 shares during the period. Finally, Hemington Wealth Management increased its stake in shares of NVIDIA by 11.3% in the fourth quarter. Hemington Wealth Management now owns 21,797 shares of the computer hardware maker’s stock worth $2,927,000 after purchasing an additional 2,211 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

About NVIDIA

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.