Key Points
- NVIDIA EVP Timothy Teter sold 30,000 shares for approximately $6.54 million under a pre-arranged Rule 10b5-1 trading plan, reducing his position by 1.1% while retaining 2.69 million shares.
- NVIDIA reported quarterly results above expectations, with EPS of $2.22 versus a $2.09 estimate and revenue of $96.22 billion versus $92.27 billion expected. Revenue increased 105.9% year over year.
- The company approved an $80 billion share-repurchase program, while analysts maintained a broadly positive outlook with a “Moderate Buy” consensus rating and an average price target of $324.23.
NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) EVP Timothy Teter sold 30,000 shares of the company's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $217.88, for a total transaction of $6,536,400.00. Following the completion of the transaction, the executive vice president owned 2,687,660 shares in the company, valued at approximately $585,587,360.80. This represents a 1.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NVIDIA Stock Performance
NVDA stock opened at $224.41 on Thursday. The stock's 50 day simple moving average is $209.20 and its 200 day simple moving average is $201.53. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a 12-month low of $164.07 and a 12-month high of $236.54. The stock has a market capitalization of $5.41 trillion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.71 and a beta of 2.22.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping 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%.The company's quarterly revenue was up 105.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. As a group, research analysts forecast that NVIDIA Corporation will post 9.1 earnings per share for the current fiscal year.
NVIDIA announced that its Board of Directors has approved a share repurchase program on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is presently 12.64%.
Institutional Investors Weigh In On NVIDIA
A number of hedge funds have recently modified their holdings of the business. MLG Wealth Management DBA Pine Grove Financial Group raised its holdings in NVIDIA by 5.0% in the 2nd quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 19,481 shares of the computer hardware maker's stock worth $3,873,000 after purchasing an additional 929 shares during the period. Range Advisory LLC grew its holdings in NVIDIA by 44.7% during the second quarter. Range Advisory LLC now owns 92,041 shares of the computer hardware maker's stock valued at $18,416,000 after purchasing an additional 28,432 shares during the period. Brown Lisle Cummings Inc. increased its position in NVIDIA by 3.5% in the second quarter. Brown Lisle Cummings Inc. now owns 31,140 shares of the computer hardware maker's stock worth $6,231,000 after buying an additional 1,058 shares in the last quarter. Agur Provident & Training Funds Management Ltd. purchased a new stake in NVIDIA in the second quarter worth about $15,161,000. Finally, Alternative Investment Advisors LLC. raised its stake in shares of NVIDIA by 1.8% in the second quarter. Alternative Investment Advisors LLC. now owns 22,008 shares of the computer hardware maker's stock worth $4,404,000 after buying an additional 383 shares during the period. Institutional investors own 65.27% of the company's stock.
Trending Headlines about NVIDIA
Here are the key news stories impacting NVIDIA this week:
- Positive Sentiment: Strong server demand supported by Dell: Dell Technologies’ stronger-than-expected results and raised guidance reinforced NVIDIA’s view that enterprise and hyperscaler spending on AI servers remains strong. NVIDIA’s stock is climbing as investors get more confidence in an expanding base of AI customers
- Positive Sentiment: Potential Hugging Face acquisition: Reports that NVIDIA is in advanced discussions to acquire AI platform Hugging Face for roughly $13 billion to $14 billion lifted expectations that the company could strengthen CUDA adoption, developer retention and recurring software revenue. The deal remains unconfirmed and could face integration and neutrality concerns. Why Nvidia’s $14 Billion Hugging Face Deal Would Make Total Sense
- Positive Sentiment: Expansion beyond GPUs: NVIDIA’s investments and partnerships with MediaTek, Equinix and optical-networking startup iPronics could extend its reach into custom AI chips, inference, automotive computing and data-center connectivity. An reported $35 billion Anthropic cloud commitment also highlighted continued demand for NVIDIA-powered compute. NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Positive Sentiment: Analyst confidence remains high: J.P. Morgan reaffirmed a Buy rating and a $320 price target, citing strong AI-driven growth and expected demand for NVIDIA’s next-generation platforms. NVIDIA Buy Rating Reaffirmed
Analysts Set New Price Targets
Several equities research analysts recently issued reports on NVDA shares. Susquehanna restated a "positive" rating and issued a $275.00 target price (up from $250.00) on shares of NVIDIA in a report on Tuesday, May 12th. Melius Research set a $420.00 price target on NVIDIA in a report on Thursday, August 27th. TD Cowen restated a "buy" rating on shares of NVIDIA in a research note on Tuesday, August 18th. Wolfe Research reiterated an "outperform" rating and set a $275.00 price objective on shares of NVIDIA in a research report on Thursday, May 21st. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $315.00 target price on shares of NVIDIA in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $324.23.
View Our Latest Stock Analysis on NVDA
NVIDIA Company Profile
(
Get Free Report)
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.
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