NVIDIA (NASDAQ:NVDA) PT Lowered to $295.00

NVIDIA (NASDAQ:NVDA – Get Rating) had its price target dropped by analysts at Barclays from $350.00 to $295.00 in a research note issued on Monday, The Fly reports. Barclays‘s price objective would indicate a potential upside of 51.17% from the company’s current price.

Several other equities research analysts have also recently issued reports on NVDA. Deutsche Bank Aktiengesellschaft cut their target price on NVIDIA from $285.00 to $255.00 and set a “hold” rating for the company in a research note on Wednesday, April 20th. The Goldman Sachs Group assumed coverage on NVIDIA in a research note on Monday, March 7th. They set a “neutral” rating and a $245.00 target price for the company. Citigroup raised NVIDIA from a “neutral” rating to a “buy” rating and set a $280.00 target price for the company in a research note on Wednesday, April 13th. They noted that the move was a valuation call. Summit Insights cut NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 17th. Finally, KeyCorp dropped their price objective on NVIDIA from $350.00 to $310.00 and set an “overweight” rating for the company in a research note on Tuesday, April 12th. Seven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, NVIDIA currently has an average rating of “Buy” and an average target price of $328.19.

NASDAQ:NVDA opened at $195.15 on Monday. NVIDIA has a one year low of $134.59 and a one year high of $346.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 6.05 and a current ratio of 6.65. The stock has a market cap of $568.42 billion, a PE ratio of 50.72, a P/E/G ratio of 2.56 and a beta of 1.42. The stock has a 50 day moving average price of $241.19 and a 200 day moving average price of $261.80.

NVIDIA (NASDAQ:NVDA – Get Rating) last posted its quarterly earnings results on Wednesday, February 16th. The computer hardware maker reported $1.14 EPS for the quarter, beating the consensus estimate of $1.01 by $0.13. NVIDIA had a return on equity of 42.99% and a net margin of 36.24%. The firm had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter last year, the firm earned $0.64 earnings per share. The business’s revenue for the quarter was up 52.8% on a year-over-year basis. As a group, analysts predict that NVIDIA will post 4.68 earnings per share for the current fiscal year.

In other NVIDIA news, Director Mark L. Perry sold 16,716 shares of the business’s stock in a transaction that occurred on Friday, March 18th. The stock was sold at an average price of $263.80, for a total transaction of $4,409,680.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 292,340 shares of the business’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $237.12, for a total value of $69,319,660.80. The disclosure for this sale can be found here. Insiders sold a total of 409,056 shares of company stock worth $101,135,342 in the last 90 days. 4.47% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. OLD Mission Capital LLC purchased a new stake in shares of NVIDIA during the 3rd quarter worth approximately $293,000. Keudell Morrison Wealth Management lifted its stake in shares of NVIDIA by 305.2% during the 3rd quarter. Keudell Morrison Wealth Management now owns 2,273 shares of the computer hardware maker’s stock worth $471,000 after purchasing an additional 1,712 shares during the period. Jackson Hole Capital Partners LLC lifted its stake in shares of NVIDIA by 964.5% during the 3rd quarter. Jackson Hole Capital Partners LLC now owns 3,204 shares of the computer hardware maker’s stock worth $664,000 after purchasing an additional 2,903 shares during the period. Center for Financial Planning Inc. lifted its stake in shares of NVIDIA by 570.6% during the 3rd quarter. Center for Financial Planning Inc. now owns 228 shares of the computer hardware maker’s stock worth $47,000 after purchasing an additional 194 shares during the period. Finally, Ridgecrest Wealth Partners LLC lifted its stake in shares of NVIDIA by 277.1% during the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 11,378 shares of the computer hardware maker’s stock worth $2,357,000 after purchasing an additional 8,361 shares during the period. Institutional investors own 63.84% of the company’s stock.

NVIDIA Company Profile (Get Rating)

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute & Networking. 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 design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems.

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