8 hours Ago By ABMN Staff
NVIDIA ( NASDAQ:NVDA – Free Report ) had its target price decreased by Barclays from $175.00 to $155.00 in a research note issued to investors on Tuesday morning, Benzinga reports.
Barclays currently has an overweight rating on the computer hardware maker’s stock. NVDA has been the subject of several other research reports. DA Davidson cut their price target on NVIDIA from $125.
00 to $120.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Piper Sandler cut their target price on NVIDIA from $175.
00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th.
Benchmark restated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Raymond James reaffirmed a “strong-buy” rating on shares of NVIDIA in a report on Wednesday, April 16th.
Six investment analysts have rated the stock with 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.01.
Read Our Latest Stock Analysis on NVDA NVIDIA Stock Up 3.6 % NVIDIA ( NASDAQ:NVDA – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.
89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05.
The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion.
NVIDIA had a net margin of 55.69% and a return on equity of 114.83%.
As a group, sell-side analysts anticipate that NVIDIA will post 2.77 earnings per share for the current year. NVIDIA Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd.
Shareholders of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.
04 annualized dividend and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th.
NVIDIA’s payout ratio is presently 1.36%. Insiders Place Their Bets In other news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st.
The stock was 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 document filed with the SEC, which is available at this hyperlink . Also, insider Donald F.
Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.
80, for a total value of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.
40. The trade was a 0.93 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.
23% of the company’s stock. Institutional Inflows and Outflows Several institutional investors and hedge funds have recently made changes to their positions in NVDA. Norges Bank bought a new position in shares of NVIDIA during the fourth quarter worth about $43,515,504,000.
GAMMA Investing LLC grew its stake in shares of NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares in the last quarter.
Clear Street Derivatives LLC bought a new position in shares of NVIDIA during the 3rd quarter worth approximately $4,589,905,000. Northern Trust Corp lifted its position in shares of NVIDIA by 15.8% in the fourth quarter.
Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its holdings in NVIDIA by 14,641.2% during the fourth quarter.
Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker’s stock worth $4,656,682,000 after purchasing an additional 34,441,082 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
About NVIDIA ( Get Free Report ) 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. Further Reading Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.
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