NVIDIA (NASDAQ:NVDA) Price Target Cut to $120.00 by Analysts at DA Davidson

NVIDIA (NASDAQ:NVDA - Free Report) had its price objective trimmed by DA Davidson from $125.00 to $120.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the computer hardware maker's stock. DA Davidson also issued estimates for NVIDIA's FY2027 earnings at $3.66 EPS.

Several other equities research analysts have also commented on the stock. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Citigroup decreased their price target on NVIDIA from $163.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, April 11th. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Six investment 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $165.51.

NVIDIA Stock Performance

NVDA stock traded down $3.16 during trading on Monday, hitting $101.33. 290,593,259 shares of the company's stock traded hands, compared to its average volume of 312,017,771. The stock has a fifty day moving average price of $117.19 and a two-hundred day moving average price of $129.89. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA has a 52 week low of $75.61 and a 52 week high of $195.95. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 39.88, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities analysts anticipate that NVIDIA will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA's dividend payout ratio is 1.36%.

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,147 shares of company stock valued at $17,133,207. Insiders own 4.23% of the company's stock.

Institutional Inflows and Outflows

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

About NVIDIA

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.