NVIDIA (NASDAQ:NVDA) Price Target Lowered to $275.00 at New Street Research

NVIDIA (NASDAQ:NVDAGet Free Report) had its price target cut by stock analysts at New Street Research from $307.00 to $275.00 in a research report issued on Tuesday,MarketScreener reports. The brokerage currently has a “buy” rating on the computer hardware maker’s stock. New Street Research’s price objective would suggest a potential upside of 56.51% from the stock’s previous close.

NVDA has been the topic of several other reports. Rothschild & Co Redburn boosted their target price on shares of NVIDIA from $245.00 to $268.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Stifel Nicolaus set a $250.00 price target on shares of NVIDIA in a report on Thursday, January 8th. KeyCorp reissued an “overweight” rating and set a $275.00 price objective on shares of NVIDIA in a report on Tuesday, March 17th. Itau BBA Securities restated a “market perform” rating on shares of NVIDIA in a research report on Thursday, February 26th. Finally, BNP Paribas Exane increased their target price on shares of NVIDIA from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $275.25.

Read Our Latest Analysis on NVDA

NVIDIA Stock Performance

Shares of NVDA stock traded up $1.31 during trading hours on Tuesday, reaching $175.71. 42,475,632 shares of the company’s stock were exchanged, compared to its average volume of 179,016,219. The company has a market cap of $4.27 trillion, a P/E ratio of 35.88, a price-to-earnings-growth ratio of 0.55 and a beta of 2.33. The company’s 50 day moving average is $182.92 and its two-hundred day moving average is $184.28. NVIDIA has a 1 year low of $86.62 and a 1 year high of $212.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The firm had revenue of $68.13 billion for the quarter, compared to the consensus estimate of $65.56 billion. During the same period in the previous year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 73.2% compared to the same quarter last year. Equities research analysts anticipate that NVIDIA will post 2.77 EPS for the current fiscal year.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 221,682 shares of the business’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $173.68, for a total value of $38,501,729.76. Following the completion of the transaction, the director directly owned 7,399,771 shares of the company’s stock, valued at $1,285,192,227.28. The trade was a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 42,650 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $174.89, for a total value of $7,459,058.50. Following the completion of the sale, the chief financial officer owned 881,387 shares in the company, valued at $154,145,772.43. This represents a 4.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,401,616 shares of company stock worth $253,555,407 in the last quarter. Insiders own 4.17% of the company’s stock.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. Lifetime Wealth Management P.C. acquired a new stake in NVIDIA during the fourth quarter worth about $26,000. Winnow Wealth LLC acquired a new position in shares of NVIDIA in the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC grew its holdings in shares of NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares during the period. Spurstone Advisory Services LLC purchased a new stake in shares of NVIDIA during the 2nd quarter worth about $40,000. Finally, Inspire Investing LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

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About NVIDIA

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NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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