NVIDIA (NASDAQ:NVDA) Price Target Cut to $150.00 by Analysts at Raymond James

NVIDIA (NASDAQ:NVDA) had its price objective dropped by investment analysts at Raymond James from $170.00 to $150.00 in a research note issued on Wednesday, MarketBeat reports. The firm presently has a “strong-buy” rating on the computer hardware maker’s stock. Raymond James’ price objective points to a potential upside of 48.04% from the company’s current price.

A number of other brokerages have also issued reports on NVDA. Mizuho decreased their price target on NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. DA Davidson reduced their target price on NVIDIA from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday. William Blair reissued an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Truist Financial raised their price target on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Bank of America lowered their price objective on shares of NVIDIA from $200.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday. Six research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.51.

NVIDIA Stock Down 3.0 %

Shares of NVDA opened at $101.33 on Wednesday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $117.19 and a 200 day moving average of $129.89. The company has a market cap of $2.47 trillion, a PE ratio of 39.88, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA has a 52-week low of $75.61 and a 52-week high of $195.95.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. On average, sell-side analysts expect that NVIDIA will post 2.77 EPS for the current year.

Insider Transactions at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 in the last 90 days. 4.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Tacita Capital Inc purchased a new position in NVIDIA during the fourth quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the 4th quarter worth about $34,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the 4th quarter worth about $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA in the 4th quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in NVIDIA during the 4th quarter worth approximately $46,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. 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 workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.