Barclays Lowers NVIDIA (NASDAQ:NVDA) Price Target to $145.00

NVIDIA (NASDAQ:NVDA) had its price objective lowered by Barclays from $1,200.00 to $145.00 in a research report report published on Monday, Benzinga reports. The firm currently has an overweight rating on the computer hardware maker’s stock.

Other equities research analysts also recently issued reports about the stock. Sanford C. Bernstein lifted their target price on shares of NVIDIA from $100.00 to $130.00 and gave the stock an outperform rating in a research report on Thursday, May 23rd. Robert W. Baird boosted their price target on shares of NVIDIA from $105.00 to $120.00 and gave the company an outperform rating in a research note on Monday, May 20th. The Goldman Sachs Group boosted their price target on shares of NVIDIA from $110.00 to $120.00 and gave the stock a buy rating in a report on Thursday, May 23rd. Needham & Company LLC increased their price target on shares of NVIDIA from $85.00 to $120.00 and gave the stock a buy rating in a report on Thursday, May 23rd. Finally, Tigress Financial upped their price objective on shares of NVIDIA from $79.00 to $98.50 and gave the stock a buy rating in a research report on Thursday, February 29th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $116.90.

NVIDIA Stock Performance

Shares of NVDA stock opened at $125.20 on Monday. The company has a fifty day moving average price of $96.07 and a two-hundred day moving average price of $76.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.53 and a quick ratio of 3.14. The stock has a market cap of $3.08 trillion, a P/E ratio of 73.22, a P/E/G ratio of 1.32 and a beta of 1.70. NVIDIA has a one year low of $39.23 and a one year high of $126.88.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, May 22nd. The computer hardware maker reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. NVIDIA had a net margin of 53.40% and a return on equity of 110.60%. The business had revenue of $26.04 billion for the quarter, compared to analyst estimates of $24.59 billion. During the same period last year, the firm earned $0.09 earnings per share. NVIDIA’s revenue for the quarter was up 262.1% compared to the same quarter last year. As a group, equities analysts predict that NVIDIA will post 2.52 EPS for the current year.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, June 11th. This is an increase from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. NVIDIA’s dividend payout ratio (DPR) is presently 1.17%.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 227,000 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $88.00, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now owns 10,521,330 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mark A. Stevens sold 227,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $88.00, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now directly owns 10,521,330 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $91.16, for a total value of $410,229.00. Following the completion of the transaction, the insider now owns 498,150 shares of the company’s stock, valued at $45,412,350.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,147,870 shares of company stock valued at $230,147,038. 4.23% of the stock is owned by insiders.

Institutional Trading of NVIDIA

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of NVIDIA by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 213,335,626 shares of the computer hardware maker’s stock worth $192,761,538,000 after buying an additional 8,828,050 shares in the last quarter. Norges Bank purchased a new position in NVIDIA during the fourth quarter valued at approximately $14,606,369,000. Northern Trust Corp increased its position in shares of NVIDIA by 3.6% in the third quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock valued at $11,445,211,000 after buying an additional 910,009 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of NVIDIA by 54,019.5% in the fourth quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock valued at $8,352,811,000 after buying an additional 16,835,703 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of NVIDIA by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,586,595 shares of the computer hardware maker’s stock valued at $6,728,354,000 after buying an additional 388,851 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

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.