NVIDIA (NASDAQ:NVDA – Get a rating) had its price target lowered by investment analysts Tigress Financial from $410.00 to $310.00 in a research note released on Friday, reports The Fly. The brokerage currently has a “buy” rating on the hardware maker’s stock. Tigress Financial’s price target indicates an upside potential of 95.73% from the company’s current price. Analysts noted that the move was a valuation call.
A number of other research analysts have also recently commented on NVDA. JPMorgan Chase & Co. lowered its target price on NVIDIA from $350.00 to $285.00 in a Thursday, May 26 research note. Wells Fargo & Company cut its price target on NVIDIA from $370.00 to $250.00 and set an “overweight” rating for the company in a Friday, May 20 research report. Piper Sandler cut her price target on NVIDIA from $350.00 to $250.00 and set an “overweight” rating for the company in a Wednesday, May 25 research report. KeyCorp cut its price target on NVIDIA from $310.00 to $250.00 and set an “overweight” rating for the company in a Thursday, May 26 research report. Finally, New Street Research upgraded NVIDIA from a “neutral” rating to a “buy” rating and set a price target of $280.00 for the company in a Wednesday, April 13 research report. Seven research analysts gave the stock a hold rating, twenty-six gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus price target of $261.85.
The NASDAQ NVDA opened at $158.38 on Friday. NVIDIA has a fifty-two week low of $140.55 and a fifty-two week high of $346.47. The company has a debt ratio of 0.42, a quick ratio of 4.75 and a current ratio of 5.32. The stock has a 50-day simple moving average of $171.29 and a two-hundred-day simple moving average of $220.87. The stock has a market capitalization of $395.95 billion, a P/E ratio of 42.46, a price-to-earnings growth ratio of 2.41 and a beta of 1.64.
NVIDIA (NASDAQ:NVDA – Get Rating) last released its results on Wednesday, May 25. The hardware maker reported EPS of $1.36 for the quarter, beating consensus analyst estimates of $1.29 by $0.07. The company posted revenue of $8.29 billion in the quarter, compared to analysts’ expectations of $8.09 billion. NVIDIA had a return on equity of 43.81% and a net margin of 32.02%. The company’s revenue for the quarter increased by 46.4% compared to the same quarter last year. In the same quarter last year, the company posted EPS of $0.78. Sell-side analysts expect NVIDIA to post 4.53 earnings per share for the current year.
Separately, Executive Vice President Debora Shoquist sold 23,644 shares of the company in a trade dated Wednesday, June 8. The stock was sold at an average price of $188.23, for a total value 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 document filed with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, director Mark A. Stevens sold 113,850 shares of the company in a transaction dated Monday, June 13. The shares were sold at an average price of $158.03, for a total value of $17,991,715.50. Following completion of the transaction, the administrator now owns 2,596,493 shares of the company, valued at $410,323,788.79. The disclosure of this sale can be found here. Insiders sold 139,694 shares of the company worth $22,850,524 during the last quarter. 4.04% of the shares are held by insiders of the company.
Hedge funds have recently changed their holdings in the company. Disciplined Investments LLC purchased a new stake in NVIDIA during the fourth quarter for a value of approximately $25,000. Rather & Kittrell Inc. purchased a new stake in NVIDIA during the fourth quarter worth approximately $26,000. Emerson Wealth LLC purchased a new stake in NVIDIA during the first quarter worth approximately $27,000. Roble Belko & Company Inc increased its stake in NVIDIA by 550.0% during the first quarter. Roble Belko & Company Inc now owns 104 shares of the hardware maker worth $28,000 after acquiring 88 more shares in the last quarter. Finally, Clear Perspectives Financial Planning LLC purchased a new stake in NVIDIA during the first quarter worth approximately $28,000. 55.19% of the shares are currently held by hedge funds and other institutional investors.
NVIDIA Company Profile (Get an evaluation)
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.
Get news and reviews for NVIDIA Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for NVIDIA and related companies with MarketBeat.com’s free daily email newsletter.