NVIDIA (NASDAQ:NVDA) Price Target Lowered to $175.00 at UBS Group

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

Other research analysts have also issued reports about the company. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research report on Wednesday, March 19th. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Benchmark reaffirmed a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Bank of America dropped their price objective on NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $164.84.

NVIDIA Price Performance

NASDAQ NVDA traded up $4.99 during trading on Monday, hitting $134.92. 146,926,911 shares of the stock traded hands, compared to its average volume of 295,664,120. 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 12-month low of $86.62 and a 12-month high of $195.95. The company has a market capitalization of $3.30 trillion, a P/E ratio of 53.10, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The firm has a 50-day simple moving average of $110.79 and a 200-day simple moving average of $127.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm 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%. As a group, analysts predict that NVIDIA will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend. 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 dividend payout ratio (DPR) is presently 1.36%.

Insider Buying and Selling

In related 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 owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now owns 251,044 shares of the company's stock, valued at $28,993,071.56. This represents a 17.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last ninety days. Insiders own 4.23% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. SOA Wealth Advisors LLC. grew its holdings in shares of NVIDIA by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after purchasing an additional 350 shares during the last quarter. Principal Financial Group Inc. boosted its position 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 buying an additional 1,285,897 shares during the period. NCP Inc. raised its holdings in NVIDIA by 14.6% during the third quarter. NCP Inc. now owns 206,065 shares of the computer hardware maker's stock worth $25,025,000 after purchasing an additional 26,175 shares in the last quarter. Capital Counsel LLC NY grew its position in shares of NVIDIA by 10.6% during the third quarter. Capital Counsel LLC NY now owns 3,085 shares of the computer hardware maker's stock worth $375,000 after acquiring an additional 295 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its position in shares of NVIDIA by 7.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,325,358 shares of the computer hardware maker's stock worth $160,951,000 after purchasing an additional 94,091 shares in 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.