NVIDIA (NASDAQ:NVDA) Price Target Cut to $175.00 by Analysts at UBS Group

NVIDIA (NASDAQ:NVDA - Free Report) had its target price lowered by UBS Group from $180.00 to $175.00 in a research report report published on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the computer hardware maker's stock.

A number of other equities analysts have also commented on NVDA. Citigroup restated a "buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Piper Sandler reiterated an "overweight" rating on shares of NVIDIA in a research report on Friday, April 25th. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Summit Insights lowered shares of NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.84.

NVIDIA Price Performance

Shares of NVDA stock traded up $0.57 during trading hours on Monday, reaching $135.40. The stock had a trading volume of 221,859,039 shares, compared to its average volume of 294,990,946. The stock's fifty day simple moving average is $112.33 and its 200 day simple moving average is $127.06. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA has a 12 month low of $86.62 and a 12 month high of $195.95. The firm has a market capitalization of $3.31 trillion, a PE ratio of 53.29, a PEG ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. On average, equities research analysts predict that NVIDIA will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's payout ratio is currently 1.36%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the business'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 transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now owns 479,428 shares in the company, 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. In the last ninety days, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by company insiders.

Institutional Trading of NVIDIA

A number of hedge funds have recently modified their holdings of NVDA. Tacita Capital Inc bought a new position in NVIDIA in the 4th quarter worth about $28,000. Legend Financial Advisors Inc. bought a new position in NVIDIA in the 4th quarter worth about $34,000. Vision Financial Markets LLC bought a new position in NVIDIA in the 4th quarter worth about $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the 4th quarter worth about $40,000. Finally, Kathleen S. Wright Associates Inc. boosted its stake in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

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.