NVIDIA (NASDAQ:NVDA) Price Target Cut to $280.00

NVIDIA (NASDAQ:NVDAGet Rating) had its price target reduced by equities research analysts at UBS Group from $350.00 to $280.00 in a note issued to investors on Monday, The Fly reports. UBS Group’s price target points to a potential upside of 67.72% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Barclays lowered their target price on shares of NVIDIA from $350.00 to $295.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Mizuho upped their price target on shares of NVIDIA from $335.00 to $345.00 and gave the company a “buy” rating in a research note on Thursday, February 17th. Credit Suisse Group reaffirmed a “buy” rating and set a $400.00 price target on shares of NVIDIA in a research note on Friday, March 18th. Wedbush decreased their price target on shares of NVIDIA from $300.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $400.00 price target on shares of NVIDIA in a research note on Thursday, February 17th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $306.79.

NVDA stock opened at $166.94 on Monday. NVIDIA has a one year low of $148.69 and a one year high of $346.47. The company’s fifty day moving average price is $220.09 and its 200-day moving average price is $254.30. 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 company has a market capitalization of $486.26 billion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 2.16 and a beta of 1.59.

In related news, CEO Jen Hsun Huang sold 292,340 shares of the stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $237.12, for a total value of $69,319,660.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark L. Perry sold 16,716 shares of the stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $263.80, for a total transaction of $4,409,680.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 409,056 shares of company stock worth $101,135,342. 4.47% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in NVDA. Disciplined Investments LLC purchased a new position in NVIDIA during the 4th quarter worth approximately $25,000. Rather & Kittrell Inc. acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $26,000. Emerson Wealth LLC acquired a new stake in shares of NVIDIA during the 1st quarter worth approximately $27,000. Roble Belko & Company Inc grew its stake in shares of NVIDIA by 550.0% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock worth $28,000 after purchasing an additional 88 shares during the period. Finally, Clear Perspectives Financial Planning LLC acquired a new stake in shares of NVIDIA during the 1st quarter worth approximately $28,000. 55.19% of the stock is owned by hedge funds and other institutional investors.

About NVIDIA (Get Rating)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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 workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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