NVIDIA (NASDAQ:NVDA) Price Target Lowered to $205.00 at Atlantic Securities

NVIDIA (NASDAQ:NVDAGet Rating) had its price target decreased by investment analysts at Atlantic Securities to $205.00 in a report issued on Thursday, Stock Target Advisor reports. Atlantic Securities’ price target points to a potential upside of 15.44% from the company’s previous close.

NVDA has been the topic of a number of other reports. Wells Fargo & Company lowered their price target on shares of NVIDIA from $370.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, May 20th. Zacks Investment Research lowered shares of NVIDIA from a “buy” rating to a “hold” rating and set a $229.00 price target on the stock. in a research report on Tuesday, April 19th. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 17th. Credit Suisse Group reiterated a “buy” rating and issued a $400.00 target price on shares of NVIDIA in a report on Friday, March 18th. Finally, New Street Research upgraded shares of NVIDIA from a “neutral” rating to a “buy” rating and set a $280.00 target price on the stock in a report on Wednesday, April 13th. Eight investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $271.49.

Shares of NVDA stock traded up $7.83 on Thursday, reaching $177.58. 2,531,252 shares of the company were exchanged, compared to its average volume of 55,507,867. The company has a market cap of $517.25 billion, a price-to-earnings ratio of 46.38, a P/E/G ratio of 2.16 and a beta of 1.59. The business has a 50-day moving average price of $215.65 and a 200 day moving average price of $252.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 6.05 and a current ratio of 6.65. NVIDIA has a 1 year low of $154.60 and a 1 year high of $346.47.

NVIDIA (NASDAQ:NVDAGet Rating) last posted its quarterly earnings results on Wednesday, May 25th. The computer hardware maker reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.07. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.09 billion. NVIDIA had a net margin of 36.24% and a return on equity of 42.99%. NVIDIA’s quarterly revenue was up 46.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share. As a group, equities analysts anticipate that NVIDIA will post 4.71 earnings per share for the current year.

In other NVIDIA news, Director Tench Coxe sold 100,000 shares of the firm’s stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $274.06, for a total transaction of $27,406,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 292,340 shares of the firm’s stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $237.12, for a total transaction 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 valued at $101,135,342 in the last quarter. Insiders own 4.47% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of NVDA. Ascension Asset Management LLC boosted its position in shares of NVIDIA by 300.0% in the third quarter. Ascension Asset Management LLC now owns 19,540 shares of the computer hardware maker’s stock worth $4,048,000 after acquiring an additional 14,655 shares during the last quarter. Franklin Resources Inc. lifted its position in NVIDIA by 301.5% during the third quarter. Franklin Resources Inc. now owns 11,338,772 shares of the computer hardware maker’s stock valued at $2,348,940,000 after buying an additional 8,514,931 shares in the last quarter. Quadrant Private Wealth Management LLC lifted its position in NVIDIA by 287.6% during the third quarter. Quadrant Private Wealth Management LLC now owns 18,050 shares of the computer hardware maker’s stock valued at $3,739,000 after buying an additional 13,393 shares in the last quarter. Boston Trust Walden Corp lifted its position in NVIDIA by 27.5% during the fourth quarter. Boston Trust Walden Corp now owns 1,300 shares of the computer hardware maker’s stock valued at $382,000 after buying an additional 280 shares in the last quarter. Finally, LCM Capital Management Inc lifted its position in NVIDIA by 10.2% during the fourth quarter. LCM Capital Management Inc now owns 4,337 shares of the computer hardware maker’s stock valued at $1,276,000 after buying an additional 401 shares in the last quarter. Institutional investors and hedge funds own 55.19% of the company’s stock.

NVIDIA Company Profile (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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