NVIDIA (NASDAQ: NVDA – Get a review) had its price target reduced by Piper Sandler from $250.00 to $235.00 in a research note published on Monday, reports The Fly. They currently have an overweight rating on shares of the computer hardware maker.
Other stock analysts have also recently released reports on the company. Bank of America reduced its target price on NVIDIA from $270.00 to $220.00 and set a buy rating for the company in a Wednesday, June 29 research report. Oppenheimer cut his price target on NVIDIA from $350.00 to $300.00 and set an outperform rating for the company in a Thursday, May 19 report. Robert W. Baird lowered his price target on NVIDIA stock from $225.00 to $165.00 and set a neutral rating on the stock in a Friday, May 27 report. Deutsche Bank Aktiengesellschaft cut its price target on NVIDIA shares from $255.00 to $190.00 in a Thursday, May 26 report. Finally, StockNews.com kicked off NVIDIA stock coverage in a research note on Thursday, March 31. They have set a holding rating on the stock. Seven research analysts gave the stock a hold rating, twenty-six issued a buy rating and one issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a Moderate Buy consensus rating and an average price target of $261.41.
NVDA opened at $151.52 on Monday. The company has a market capitalization of $378.80 billion, a P/E ratio of 40.62, a P/E/G ratio of 2.41 and a beta of 1.64. The company has a debt ratio of 0.42, a current ratio of 5.32 and a quick ratio of 4.75. The company’s fifty-day moving average price is $170.42 and its two-hundred-day moving average price is $219.32. NVIDIA has a fifty-two week low of $140.55 and a fifty-two week high of $346.47.
NVIDIA (NASDAQ:NVDA – Get Rating) last released quarterly earnings data on Wednesday, May 25. The hardware maker reported EPS of $1.36 for the quarter, beating analyst consensus estimates of $1.29 by $0.07. NVIDIA had a net margin of 32.02% and a return on equity of 43.81%. The company posted revenue of $8.29 billion in the quarter, versus a consensus estimate of $8.09 billion. During the same period last year, the company achieved EPS of $0.78. The company’s revenue for the quarter increased by 46.4% compared to the same quarter last year. On average, equity research analysts expect NVIDIA to post EPS of 4.53 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 1. Shareholders of record on Thursday, June 9 received a dividend of $0.04. The ex-dividend date was Wednesday, June 8. This represents a dividend of $0.16 on an annualized basis and a dividend yield of 0.11%. NVIDIA’s dividend payout ratio (DPR) is currently 4.29%.
Separately, Executive Vice President Debora Shoquist sold 23,644 NVIDIA shares in a trade on Wednesday, June 8. The shares were sold at an average price of $188.23, for a total transaction of $4,450,510.12. Following the transaction, the executive vice president now directly owns 186,476 shares of the company, valued at $35,100,377.48. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Additionally, director Mark A. Stevens sold 113,850 shares of the company in a trade on Monday, June 13. The shares were sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the completion of the sale, the director now owns 2,596,493 shares of the company, valued at approximately $410,323,788.79. The disclosure of this sale can be found here. Insiders sold a total of 139,694 shares of the company worth $22,850,524 over the past three months. 4.04% of the shares are held by insiders.
Institutional investors and hedge funds have recently changed their stock holdings. Edge Wealth Management LLC increased its stake in NVIDIA by 62.5% in the fourth quarter. Edge Wealth Management LLC now owns 520 shares of the hardware maker valued at $153,000 after acquiring an additional 200 shares in the last quarter. Global Trust Asset Management LLC increased its stake in NVIDIA by 80.6% in Q4. Global Trust Asset Management LLC now owns 224 shares of the hardware maker valued at $66,000 after buying an additional 100 shares in the last quarter. Joel Isaacson & Co. LLC increased its stake in NVIDIA by 27.1% during the fourth quarter. Joel Isaacson & Co. LLC now owns 1,548 shares of the hardware maker worth $455,000 after buying 330 additional shares during the period. Cypress Wealth Services LLC increased its position in NVIDIA by 6.5% during the fourth quarter. Cypress Wealth Services LLC now owns 2,435 shares of the hardware maker worth $716,000 after buying 149 additional shares in the last quarter. Finally, Alpha Cubed Investments LLC increased its stake in NVIDIA by 2.6% in the fourth quarter. Alpha Cubed Investments LLC now owns 68,322 shares of the hardware maker valued at $20,094,000 after buying an additional 1,733 shares during the period. Institutional investors and hedge funds hold 55.19% of the company’s shares.
About NVIDIA (Get a rating)
NVIDIA Corporation provides graphics, computing, and networking solutions in the United States, Taiwan, China, and around the world. The Company’s Graphics segment offers GeForce GPUs for games and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPU for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for creating 3D designs and virtual worlds.
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