NVIDIA (NASDAQ:NVDA) Given New $155.00 Price Target at Barclays

NVIDIA (NASDAQ:NVDA - Free Report) had its price target lowered by Barclays from $175.00 to $155.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the computer hardware maker's stock.

A number of other brokerages also recently issued reports on NVDA. UBS Group cut their price objective on NVIDIA from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Citigroup reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. DA Davidson lowered their target price on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Truist Financial increased their target price on NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Six 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 company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $164.96.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded up $4.58 during trading on Tuesday, hitting $111.01. The company's stock had a trading volume of 250,248,639 shares, compared to its average volume of 304,641,559. The company has a 50-day moving average of $113.21 and a 200-day moving average of $129.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market cap of $2.71 trillion, a price-to-earnings ratio of 43.69, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA has a 12 month low of $81.25 and a 12 month high of $195.95.

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

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the 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 sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last 90 days. 4.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

Several large investors have recently added to or reduced their stakes in NVDA. SOA Wealth Advisors LLC. raised its holdings in NVIDIA by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock valued at $14,650,000 after acquiring an additional 350 shares in the last quarter. Swedbank AB raised its holdings in shares of NVIDIA by 4.8% in the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after purchasing an additional 1,868,358 shares in the last quarter. Impax Asset Management Group plc lifted its position in shares of NVIDIA by 13.2% during the 3rd quarter. Impax Asset Management Group plc now owns 5,501,589 shares of the computer hardware maker's stock worth $667,278,000 after purchasing an additional 640,840 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of NVIDIA by 3.7% during the third quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock worth $4,326,576,000 after purchasing an additional 1,285,897 shares in the last quarter. Finally, Capital Performance Advisors LLP increased its holdings in NVIDIA by 50.3% in the third quarter. Capital Performance Advisors LLP now owns 16,756 shares of the computer hardware maker's stock valued at $2,035,000 after buying an additional 5,604 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

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.