NVIDIA (NASDAQ:NVDA) Stock Rating Lowered by KeyCorp

NVIDIA (NASDAQ:NVDA) was downgraded by research analysts at KeyCorp from an “overweight” rating to a “sector weight” rating in a report issued on Thursday, MarketBeat Ratings reports.

Several other equities analysts have also commented on NVDA. Sanford C. Bernstein set a $200.00 price objective on NVIDIA and gave the company a “market perform” rating in a research report on Thursday. New Street Research reaffirmed a “buy” rating on shares of NVIDIA in a research report on Thursday. Wall Street Zen lowered shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 24th. HSBC increased their price target on shares of NVIDIA from $360.00 to $365.00 in a research note on Thursday, August 27th. Finally, China Renaissance lifted their price target on shares of NVIDIA from $319.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, August 31st. Five investment analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $298.18.

NVIDIA Stock Up 2.9%

Shares of NASDAQ NVDA opened at $173.73 on Thursday. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. NVIDIA has a 52 week low of $164.27 and a 52 week high of $243.37. The firm’s fifty day moving average is $217.12 and its 200 day moving average is $204.35. The company has a market cap of $4.19 trillion, a price-to-earnings ratio of 21.96, a PEG ratio of 1.30 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. The business had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. NVIDIA’s quarterly revenue was up 105.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 EPS. On average, equities research analysts expect that NVIDIA will post 9.30 earnings per share for the current year.

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. 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 value of $144,122,997.18. Following the completion of the transaction, the director directly owned 2,336,531 shares in the company, valued at $541,187,310.22. This represents a 21.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction 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. This represents a 4.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,766,118 shares of company stock valued at $399,450,353 over the last 90 days. 3.94% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NVIDIA

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp boosted its holdings in shares of NVIDIA by 1.5% in the 3rd quarter. State Street Corp now owns 1,025,075,347 shares of the computer hardware maker’s stock worth $234,355,574,000 after purchasing an additional 15,291,910 shares during the period. Intesa Sanpaolo Wealth Management raised its holdings in NVIDIA by 5.1% during the 3rd quarter. Intesa Sanpaolo Wealth Management now owns 143,190 shares of the computer hardware maker’s stock valued at $32,702,000 after buying an additional 7,009 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its holdings in NVIDIA by 84.4% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 141,204 shares of the computer hardware maker’s stock valued at $32,248,000 after buying an additional 64,623 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its position in NVIDIA by 59.5% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,511,858 shares of the computer hardware maker’s stock worth $573,861,000 after buying an additional 936,647 shares during the last quarter. Finally, TIAA CREF Individual & Institutional Services LLC lifted its position in NVIDIA by 13.5% in the third quarter. TIAA CREF Individual & Institutional Services LLC now owns 526,858 shares of the computer hardware maker’s stock worth $120,324,000 after buying an additional 62,597 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Recent NVIDIA Headlines

Investors following NVDA have been watching these headlines:

• Positive Sentiment: Underlying AI demand offers a counterpoint: strong results and an upbeat outlook from Nvidia customer CoreWeave were cited as evidence that spending on AI infrastructure remains robust. Article: Great News for Nvidia, Micron, Broadcom, and AMD Stock Investors
• Neutral Sentiment: The board is reportedly weighing Huang’s future after reports of alleged personal relationships, including one with an Nvidia employee. The company has not confirmed that it plans to remove him; uncertainty over succession is central to the market reaction. Article: A dark day for Nvidia: Analysts react as markets await news on Huang’s fate
• Negative Sentiment: The allegations have revived scrutiny of whether restricted Nvidia AI chips reached China and prompted calls for tighter export controls; Congress is also reportedly preparing to question Huang. Any policy response could threaten sales opportunities and increase compliance risk. Article: Huang scandal revives push to tighten China chip curbs

About NVIDIA

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.